Seminar on New Company Act held for AGI members in Accra

Date: 2021-06-22

The Association of Ghana Industries in collaboration with the Registrar General’s Department organized a sensitization seminar for its members on the New Company’s Act (Act 992).

The seminar, held at the Conference Room of the AGI on Monday, 22 June 2021, was to highlight key reforms that businesses operating in Ghana ought to know in the new Company’s Act. It had in attendance, officials from the Registrar-General’s Department, including the Registrar-General, Madam Jemima Oware.

In his opening remarks, the CEO of AGI, Mr Seth Twum-Akwaboah said the sensitization was necessary to help AGI members improve their corporate governance practices as well as align with the new provisions of the Act to ensure compliance. The Act as it is, promotes good business practices and its important for all firms registered in Ghana to operate within the law, he said.

“Today, trading within the African Continental Free trade area has begun and for local businesses which may require foreign partnerships to augment production capacity, good governance practices could be one of the criteria in forging such partnerships. Our local business will also be better placed to integrate into the global economy if corporate governance standards are upheld”, he stated.

Mr Twum-Akwaboah urged AGI member companies incorporated before 2012, which had still not complied with the re-registration directive to quickly do so before the deadline elapses. He said it is gratifying to know that the Registrar General Department has taken steps towards enhancing online business registration and urged members to explore the business registration portal on the Registrar General’s website.

This seminar on the New Company’s Act is just one among the series of sensitization seminars the AGI intends to organize for its members across Ghana in the coming weeks.