Restoring the Economy: The Role of The New Corporate Insolvency and Restructuring Law

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 […]

President Assent To The Corporate Restructuring And Insolvency Act 2020

President Assent To The Corporate Restructuring And Insolvency Act 2020 (Act 1015)

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 passes Corporate Insolvency Bill

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 […]

Ghana gets new Companies Act after a long wait

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 […]

BoG Appoints Felix Addo As Advisor To NIB

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 […]

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