The Office of the Registrar of Companies (ORC) has issued a strict directive to all licensed insolvency practitioners to renew their operating licenses by November 28, 2025, or risk losing their legal right to practice.
The order, grounded in Sections 153(3)(a) and 161(1) of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), forms part of ongoing efforts to tighten regulatory oversight and strengthen Ghana’s insolvency and restructuring framework.
In a statement signed by Mr. Jones Nathaniel Ansah, Head of the Insolvency and Liquidation Services Directorate, the ORC emphasized that maintaining a valid license is a non-negotiable requirement for continued operation within the sector.
“A valid license is essential for practitioners to remain in good regulatory standing and lawfully offer insolvency and restructuring services,” the statement said.
The Registrar cautioned that any practitioner who fails to renew by the stated deadline risks revocation of license and possible removal from the national registry of approved insolvency professionals.
The directive, according to the ORC, is part of a broader agenda to enhance professional standards, protect creditors and debtors, and improve investor confidence in Ghana’s business recovery environment.
It also aligns with the government’s ongoing efforts to build a transparent, accountable, and efficient corporate governance ecosystem, especially as the number of business restructurings and liquidations increases amid economic recovery measures.
The ORC urged all practitioners who have not yet completed the renewal process to do so immediately at any of its regional offices across the country.
“This exercise is critical to ensuring that only qualified, compliant, and competent practitioners operate within Ghana’s insolvency and restructuring landscape,” the statement added.
Observers note that Ghana’s insolvency regime, strengthened by Act 1015, has been instrumental in supporting business recovery, creditor protection, and entrepreneurial resilience, especially following recent macroeconomic challenges.
The ORC’s enforcement action, analysts say, signals a firmer stance on compliance and accountability, ensuring that professional insolvency services continue to meet international standards while supporting Ghana’s private sector growth.
