Deputy Attorney-General and Minister of Justice, Dr. Justice Srem-Sai, has underscored the importance of Ghana’s Corporate Insolvency and Restructuring Act (CIRA), describing it as a vital instrument for protecting local enterprises and rebuilding investor confidence.
Speaking at a stakeholder sensitization forum on Ghana’s enhanced insolvency framework on October 8, 2025, Dr. Srem-Sai noted that the Act introduces a more structured process for managing financially distressed companies, allowing them to reorganize and remain operational rather than shutting down entirely.
He explained that the law is designed to bring greater order to the corporate restructuring environment while safeguarding the interests of creditors.
“What the…