President’s Message

Dear CIRIP Family,

On behalf of the Governing Council and the Honorary Council of the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP) Ghana, I extend my sincere appreciation to our strategic partners, sponsors, and valued members for your unwavering support to the Institute. I also wish to specially acknowledge our Immediate Past Governing Council Members for their immense contributions to the growth and development of CIRIP. In accordance with our traditions, they now assume the distinguished status of Honorary Members of the Institute.

This year marks a significant milestone our 20th Anniversary which stands as a testament to our collective commitment to advocating for and promoting a world-class business rescue and insolvency framework in Ghana. As we celebrate this achievement, we are also called to reflect on the individuals whose dedication laid the foundation of our progress. In this regard, we pay glowing tribute to our founding Governing Council Member and Membership Chairperson, Wilson Attah Krofah, affectionately known as “Uncle Willie.” We encourage all members to join in honouring his life at his farewell service scheduled for Friday, 1st May 2026 at 8:00 a.m. at the Ghana Police Church. May his soul rest in perfect peace.

I am pleased to welcome you to this first quarter edition of CIRIP Focus. The year commenced on a strong and forward-looking note following our Annual General Meeting and the successful election of new Governing Council Members in December. In anticipation of the full constitution of the Governing Board, I hosted a familiarisation luncheon for newly elected Council Members. This engagement provided an opportunity for informal interaction, relationship building, and orientation, laying a solid foundation for effective leadership and governance under our new statutory framework.

We continue to engage constructively with the Office of the Attorney-General to finalise the processes required for the formal inauguration of the Governing Board. While largely administrative, this process is essential to ensuring that CIRIP operates fully within the governance framework established under the CIRIP Act, 2024 (Act 1117). We remain encouraged by the steady progress being made and optimistic about its timely conclusion.

Importantly, 2026 marks the first year of implementation of CIRIP’s Five-Year Strategic Plan. I am pleased to report that the Institute has made measurable progress across its strategic priorities. During the quarter, we strengthened stakeholder engagement with key professional and business bodies, including the Institute of Chartered Accountants Ghana, Chartered Institute of Bankers Ghana, Association of Ghana Industries, American Chamber of Commerce Ghana, and the UK–Ghana Chamber of Commerce. These collaborations underscore the shared recognition that effective restructuring and insolvency practices are critical to business continuity, financial sector stability, and economic recovery.

We also deepened collaboration with key public institutions and regulators within the insolvency ecosystem, including the Judicial Service of Ghana, the Office of the Registrar of Companies, the Ghana Tertiary Education Commission, and the Auditor-General’s Department. At the international level, ongoing engagement with the Swiss State Secretariat for Economic Affairs through IFC-supported programmes reflects growing global confidence in Ghana’s restructuring and insolvency framework. Collectively, these efforts position CIRIP as a credible and influential partner in policy development, professional practice, and capacity building.

These initiatives are being undertaken within a macroeconomic environment that continues to evolve. While there are signs of stabilisation in Ghana’s economy, many businesses remain challenged by high financing costs, liquidity constraints, and uncertain demand conditions. In this context, the importance of early intervention, structured business recovery, and professional insolvency support cannot be overstated. CIRIP’s continued advocacy for a rescue-oriented culture, as envisaged under the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), remains both timely and critical.

Globally, economic uncertainty continues to influence business outcomes. Geopolitical developments affecting energy markets and supply chains have heightened volatility and risk. In today’s interconnected world, external shocks can have immediate implications for Ghanaian enterprises. This underscores the importance of resilience, adaptability, and robust restructuring frameworks as essential tools for managing risk.

In this regard, I am pleased to highlight CIRIP’s growing international presence. The Institute was represented at INSOL London 2026, held from 21st to 23rd April 2026, one of the leading global conferences on restructuring and insolvency. The event brought together over a thousand practitioners and thought leaders from more than seventy jurisdictions. I am proud to note that ten Ghanaian delegates participated, reflecting a strong and visible presence for Ghana within the global insolvency community. Their participation enhanced professional exposure, strengthened international networks, and reaffirmed CIRIP’s commitment to global best practices.

As we progress through the year, I encourage all members to remain actively engaged, uphold the highest standards of professionalism and ethics, and contribute meaningfully to the Institute’s programmes and advocacy initiatives. Together, we will continue to build a strong, credible, and impactful professional body that supports business recovery, safeguards stakeholder value, and contributes to Ghana’s economic resilience.

I thank you for your continued support and remain confident in the journey ahead.

President
Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP) Ghana