The High Court (Commercial Division) in Accra has ordered the winding up of Zeepay Ghana Limited and appointed the Registrar of Companies as the company’s official liquidator, marking a significant development in the regulatory actions taken against the fintech firm.
The order was made by Justice Samuel Faraday Johnson after the court granted a petition filed by the Registrar of Companies under section 84 of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), as amended.
As liquidator, the Registrar of Companies has been tasked with taking control of Zeepay’s assets and undertaking the liquidation process to settle the company’s liabilities in accordance with the insolvency regime established under Act 1015.
The winding-up order follows an earlier decision of the High Court which entered summary judgment against Zeepay Ghana Limited and its Chief Executive Officer, Andrew Takyi-Appiah, in favour of Michael Yusuf, a customer of the company. The court ordered the payment of more than US$11.6 million, a judgment that remains one of the largest monetary awards arising from a dispute involving the fintech company.
The latest order also comes in the wake of regulatory action by the Bank of Ghana, which revoked Zeepay’s operating licence. The court proceedings therefore represent the next legal step in bringing the affairs of the company to an orderly conclusion through the statutory liquidation process.
Court documents indicate that the Registrar of Companies filed the winding-up petition on 16 July 2026, relying on the provisions of the Corporate Insolvency and Restructuring Act following the revocation of the company’s licence and the circumstances surrounding its financial obligations.
With the appointment of the Registrar as liquidator, the company’s assets will now be gathered, realised and distributed in accordance with the priority rules established under Ghana’s insolvency laws. Creditors are expected to participate in the liquidation process in accordance with the directions that may subsequently be issued by the liquidator and the court.
The decision demonstrates the operation of Ghana’s corporate insolvency framework, which empowers the courts to order the winding up of companies where statutory grounds have been established and to appoint an independent liquidator to protect the interests of creditors and ensure an orderly administration of the company’s remaining assets.
