In a bid to equip Ghanaian businesses with essential legal knowledge for navigating corporate growth and financial uncertainty, the book Companies, Corporate Insolvency and Restructuring in Ghana: The Law and Practice (Volume 1) has been officially launched.

Authored by Ace Anan Akomah et al., the book—also known as the Blue Book—serves as a comprehensive guide for businesses, legal practitioners, and policymakers, offering critical insights into corporate insolvency and restructuring.

Delivering the keynote address on behalf of Chief Justice Gertrude Torkornoo, Her Ladyship Afia Serwaa Asare Botwe, Justice of the Court of Appeal, emphasized the crucial role of legal…

The Social Security Administration is offering financial incentives ranging from $15,000 to $25,000 to employees who choose to voluntarily resign from the federal agency, ahead of what they warn will be “significant workforce reductions.”

A message sent out to employees Thursday stated that the agency will soon implement restructuring that includes workforce cuts and “massive reorganizations.”

The SSA said that wholesale “abolishment of organizations and positions” could happen, as well as reassignments and staff cuts.

Earlier this week, the Office of Personnel Management advised agencies to submit “reorganization plans” by March 13 and prepare for “reductions in force.”

Thursday’s message offers all Social Security employees three options…

The company operating the controversial landfill site Walleys Quarry in Newcastle-under-Lyme has entered liquidation, The Environment Agency (EA) has confirmed.

The landfill site in Silverdale has been closed to new waste since November and residents in the area have been fighting a years-long campaign to have the site shut due to foul smells. 

The site has attracted hundreds of thousands of complaints due to the smell and Walleys Quarry Ltd has been subject to an EA closure notice which began on 29 November. 

The company had submitted an appeal against the notice, but earlier this month its request to accept waste again on an interim basis until the appeal hearing was rejected at the Royal Courts of Justice.

EA…

(Bloomberg) — Creditors to Petrofac Ltd are opposing its debt restructuring, a proposal the oil services firm says it needs to prevent its collapse into liquidation.

Saipem Spa and Samsung E&A Co Ltd argue that they are the primary targets of the prospective restructuring, given they are “very substantial actual and contingent creditors” of Petrofac to the tune of “hundreds of millions of dollars.” 

The plan would see liabilities related to a Thai engineering project written off in exchange for a nominal payment, according to a filing to a London court by the two parties. 

Petrofac is seeking legal permission to convene creditor meetings to vote on the plan. It argues that in the absence of a restructuring, there will be…

Cape Town, South Africa — Eight former African Heads of State and Government have signed the Cape Town Declaration, calling for critical debt relief for highly indebted nations and advocating for lower borrowing costs for all developing countries. The declaration was signed at the launch of the African Leaders Debt Relief Initiative (ALDRI), which reflects the leaders’ commitment to rallying for a comprehensive debt relief strategy for countries in dire financial situations.

The launch of the initiative took place on the sidelines of the first G20 Finance Ministers’ meeting in Cape Town, where the South African G20 Presidency has made debt sustainability a central focus. The declaration also aligns with the African Union’s Agenda…

VRYHEIDSFRONT PLUS / FREEDOM FRONT PLUS

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