August 15, 2022

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Let’s toughen Place of work of Registrar of Firms to ship very good products and services – Akufo-Addo

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President Nana Addo Dankwa Akufo-Addo on Friday, July 22, 2022, introduced the Place of work of the Registrar of Firms in Accra.

Turning in the keynote cope with on the match, President Akufo-Addo expressed pride on the “milestone.”

“After a 15-year wait, the place of business of the Registrar of businesses is after all able to take fee of the management and the registration of businesses. This is a second of substantial pride for me as a result of I had the excitement of consenting to the long-awaited Ghana Corporate Act, 2019.”

“The Act separated the Place of work of the Registrar of businesses from the Registrar Basic’s Division, taking on only the tasks of corporate registration and advisory products and services. And fortunately we’re right here.”

He wired that the advent of the Place of work of the Registrar of Firms does now not make the Registrar Basic’s Division redundant.

“With the appointment of the primary Registrar of Firms, who occurs to be feminine, the brand new Registrar Basic shall be appointed to hold on his tasks.”

The President additional famous that the brand new place of business will quickly transfer to a brand new position throughout the College of Ghana premises.

“I’ve been knowledgeable that the place of business house is simply too small and not worthy for function. With the help of the Legal professional-Basic, 2 acres of land were got throughout the premises of the College of Ghana for the development of a brand new place of business construction. The Registrar of Firms will perform his tasks on this place of business house.”

President Akufo-Addo additional advised all stakeholders to toughen the Registrar of Firms to “ship very good products and services and make stronger the processes of doing trade in Ghana.”

Registrar of Firms

Registrars of Firms (ROC) appointed beneath Phase 609 of the Firms Act protecting the quite a lot of States and Union Territories are vested with the principle accountability of registering corporations and LLPs floated within the respective states and the Union Territories and making sure that such corporations and LLPs conform to statutory necessities beneath the Act.

Those workplaces serve as as a registry of data, in terms of the corporations registered with them, which might be to be had for inspection by means of contributors of the general public on cost of the prescribed rate.

The Central Executive workout routines administrative keep watch over over those workplaces during the respective Regional Administrators.

Underneath the previous Firms Regulation, the RGD used to be answerable for the registration of businesses, partnerships, trade names, marriages, adoptions, and assets rights amongst others, which overburdened it to ship high quality products and services.

On the other hand, with the hive-off, the RGD will now focal point on all different tasks and depart anything else associated with trade operations for the Registrar of Firms to maintain.

The brand new Act additionally calls for the 2 registries to retain internally generated price range to hold out their operations.