Africa-Press – Ghana. Madam Yayra Adzo Banini, the Director of Registration and Licensing, Office of the Registrar of Companies (ORC), has encouraged entrepreneurs to register their businesses to gain legal recognition and enjoy the benefits.
“In life, every individual has a certificate of identity – a birth certificate and a passport for travel. In the same way, for a business, the only proof of ownership and legitimacy is registration,” she said.
Madam Banini gave the advice at the weekend during a float in Accra to climax a three-day ORC Week Celebration, held on the theme: “Resetting the Business Environment: The Role of Enterprise Risk Management.”
She said registering businesses with the ORC conferred several advantages, including legal recognition, limited liability, credibility, access to funding and markets, and protection of business names.
“It also legitimises operations, safeguards personal assets from business debts, and fosters trust with customers and partners, positioning businesses for growth, government programmes, and international trade,” she said.
“Economic activities are the backbone of national development. So, whether you are into services, manufacturing or any other venture, make sure your business is registered. That is the only way you can be recognised when the names of businesses in Ghana are mentioned.”
Madam Banini said the ORC was established under the Companies Act, 2019 (Act 992) as a separate statutory body from the Registrar-General’s Department to focus solely on company and business registration, regulation, and public education.
“As part of our mandate under Section 353, we regulate, register and educate. That is why we are on the streets – to educate the public and announce the birth of a new institution, the Office of the Registrar of Companies,” she said.
The ORC is responsible for registering all forms of businesses and professional bodies, including Business Names (Act 151), Companies (Act 992), Partnerships (Act 152), and Professional Bodies (N.R.C.D. 143), except those established by Acts of Parliament.
It also regulates compliance by appointing Inspectors, Receivers and Managers, and serves as the Official Liquidator under the Corporate Insolvency and Restructuring Act, 2020 (Act 1015) and its amendment, Act 1031.
The Office collates and disseminates information on registered entities in the Business Register and undertakes regular public education programmes on the operations of Companies, Partnerships, Business Names, and Professional Bodies.
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