The Office of the Registrar of Companies says its administrative role in salvaging companies in financial distress is actively being rolled out for the protection of local businesses.
Under the Corporate Insolvency and Restructuring Act 2020, the Registrar of Companies is empowered to have registered insolvency practitioners to aid in the administration of companies on the brink of collapse.
Acting Registrar of Companies, Maame Samma Peprah, says the office is working towards protecting investments as part of efforts to grow the local economy.
“The office of the Registrar of Companies is able to administer the company so we have registered insolvency practitioners who are able…
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