Ghana is taking a major step toward strengthening its business recovery framework with the introduction of the Corporate Insolvency and Restructuring Act (CIRA), a landmark law expected to protect vulnerable companies and promote fairer, more transparent business practices.
Maame Samma Peprah, acting Registrar of the Office of the Registrar of Companies (ORC), said the new law has the potential to breathe new life into struggling businesses by allowing them to restructure and recover instead of simply shutting down.
“Ghana is shifting to a more forward-thinking approach to insolvency,” Peprah said at a stakeholder forum in Accra on October 8, 2025. “CIRA will empower…
Read the original article here