Deputy Attorney General and Deputy Minister of Justice, Dr Justice Srem-Sai, has highlighted the significance of Ghana’s Corporate Insolvency and Restructuring Act (CIRA), describing it as a crucial tool to safeguard local businesses and restore investor confidence.
Speaking at a stakeholder sensitisation forum on the enhanced legal framework for corporate insolvency in Ghana on October 8, 2025, Dr Srem-Sai stressed that the Act provides structured mechanisms for companies facing insolvency, enabling them to restructure rather than shut down.
He explained that the law is designed to sanitise the system and offer relief to creditors.