Introduction A year ago, the Ghana Association of Restructuring and Insolvency Advisors (GARIA) had a grand celebration to usher in the new Companies Act, 2019 (Act 992)! GARIA had been on the frontline of advocacy efforts to create a new modern, fit for purpose Companies Act reflective of our globalized, digitalized and inter-connected world. We […]
For those who follow this column closely, I am sure you may be wondering why I am going back on a topic that I have already discussed and dealt with in some detail. Well, it is simply because I have got some extra information I thought you would be interested in knowing. I am sure […]
The Ghana Association of Restructuring and Insolvency Advisors (GARIA), is pleased to announce that His Excellency the President of the Republic, Nana Addo Dankwa Akufo-Addo, has today assented to the Corporate Restructuring and Insolvency Act, 2020 (Act 1015.) This Act could not have come at a more fortuitous time as the country discusses strategies and […]
Parliament on Wednesday April 1, 2020, passed the Corporate Insolvency Bill, 2019, to provide a framework for the regulation of insolvency practitioners and facilitate access to timely, efficient and impartial liquidation proceedings either directly or through the creditor’s committees. The financial sector crisis triggered a conversation about the need to strengthen corporate governance structures; after […]
The Ghana Association of Restructuring and Insolvency Advisors will be joining over 20 African Countries and representatives of the INSOL for the upcoming Africa Round Table on insolvency reform jointly hosted by INSOL International and the World Bank Group. Since 2010, INSOL International and the World Bank Group have jointly hosted an Africa Round […]
After almost six decades in use, Ghana’s Companies Act of 1963 will finally be replaced with the new Companies Act, 2019 which awaits Presidential assent. The bill was finally passed by parliament on Thursday, May 2 after so many failed attempts. The new law is expected to enhance the ease of doing business in the […]
Felix E. Addo is new as Advisor to National Investment Bank (NIB) The Bank of Ghana (BoG) has appointed Felix E. Addo as Advisor to National Investment Bank (NIB) pursuant to section 101 (1) of the Banks and Specialised Deposit-Taking Institutions Act of 2016 (Act 930). This follows the Central Bank’s communication during the announcement […]
Ghana Association of Restructuring and Insolvency Advisors (GARIA) is made up of professionals from diverse fields such as Accounting and Economics, Law, Banking, and Corporate Governance.