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The Office of the Registrar of Companies has issued a firm warning to all licensed insolvency practitioners: renew your licenses by November 28, 2025, or lose the right to operate. The directive is in line with Sections 153(3)(a) and 161(1) of the Corporate Insolvency and Restructuring Act, 2020, and forms part of efforts to strengthen regulatory oversight in the insolvency and restructuring industry. In a statement signed by the Head of the Insolvency and Liquidation Services Directorate, Jones Nathaniel Ansah, the ORC stressed that maintaining a valid license is mandatory for continued practice, adding that failure to meet the deadline could lead to outright revocation. The Registrar is urging all practitioners who have not yet renewed their licenses to do so immediately at any ORC office. The directive is critical to upholding professional standards, enhancing public trust, and supporting the broader push to improve Ghana’s corporate governance and business recovery environment. “A valid license is essential for practitioners to remain in good regulatory standing and to lawfully offer insolvency and restructuring services. The ORC therefore urges all licenses Insolvency Practitioners who have not completed the renewal process to do so”, part of the statement read.
