The Office of the Registrar of Companies has urged all licensed insolvency practitioners to renew their licences by November 28, 2025, or lose the right to operate.
It said it formed part of efforts to strengthen regulatory oversight in the insolvency and restructuring industry.
The Head of the Insolvency and Liquidation Services Directorate of the ORD, Jones Nathaniel Ansah, explained that having a valid licence was mandatory for continued practice.
He said the directive was in line with sections 153(3)(a) and 161(1) of the Corporate Insolvency and Restructuring Act, 2020, which is aimed at upholding professional standards, enhancing public trust, and supporting the broader push to improve Ghana’s corporate governance and business recovery environment.
“A valid licence is essential for practitioners to remain in good regulatory standing and to lawfully offer insolvency and restructuring services.
The ORC, therefore, urges all licensed Insolvency Practitioners who have not completed the renewal process to do so,” a statement issued by the Directorate said.
The statement further cautioned that any practitioner who failed to renew by the stated deadline risked licence revocation and possible removal from the national registry of approved insolvency professionals.
Ghana’s insolvency regime, strengthened by Act 1015, has been instrumental in supporting business recovery, creditor protection, and entrepreneurial resilience, particularly following recent macroeconomic challenges.
Under the Act, an insolvency practitioner must be a chartered accountant, lawyer or banker in good standing with the relevant professional association.
The practitioner must also possess professional indemnity insurance and meet the qualification requirements of a company director.
The legislation introduced provisions facilitating access to timely, efficient, and impartial administration and insolvency proceedings.
