Registrar General's Department
To build a business-friendly economy that supports inclusive and sustainable growth, it is crucial to pursue reforms that enhance the investment climate. In May 2019, Parliament passed the new Companies Act, 2019 (Act 992) replacing the Act, 1963 (Act 179). The new Act sets up an autonomous governmental body, “Office of the Registrar of Companies” (ORC). Among others, the new Companies Act, 2019, introduces reforms to company registration and regulation, to simplify the regulatory framework surrounding the incorporation and operation of companies and improve existing corporate governance standards in Ghana.
Among others, GETP supports RGD in the establishment, operationalization and implementation of the ORC including identifying, designing, and implementing administrative and institutional changes and streamlining its operations in delivering business registration services. Furthermore, GETP would support the interconnectivity of all agencies related to new business registrations (Registrar General, Ghana Revenue Authority, Social Security, Metropolitan Authority) to create a one-stop shop for business registration. By investing in improving tools and capacity, the Project seeks to achieve a more streamlined business registration procedure to reduce the regulatory burden on foreign and domestic businesses to start up a business and improve business registration efficiency, among others.