The Office of the Registrar of Companies (ORC) has issued a strict directive requiring all licensed insolvency practitioners to renew their operating licenses by November 28, 2025, or risk losing their legal right to practice.
The order, grounded in Sections 153(3)(a) and 161(1) of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), forms part of ongoing efforts to tighten regulatory oversight and strengthen Ghana’s insolvency and restructuring framework.
In a statement signed by Mr. Jones Nathaniel Ansah, Head of the Insolvency and Liquidation Services Directorate, the ORC emphasized that maintaining a valid license is a mandatory requirement for…