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    BoG must be innovative in dealing with rise in PPI – AGI

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    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

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    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

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    Ho Node Hub rebrands as Node Eight

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    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    BoG must be innovative in dealing with rise in PPI – AGI

    Government partners private companies to mine abandoned iron ore in Oti Region

    Cedi depreciation pushes Ghana’s debt to over GH¢390 bn in April; 78% of GDP

    Manufacture of petroleum products push PPI to 31.2% in April

    Togbe Afede XIV urges BoG to introduce measures to deal with rising inflation

    SEC and West Africa Securities Regulators Association to hold 2nd edition of WACMaC

    GEA/Mastercard Foundation Young Africa Works supports 3,000 Beneficiaries with Start-up Kits

    Akufo-Addo worried over impact of fertiliser shortage on poultry industry

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

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    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

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Companies given up to June 30 to submit data on legal owners to Registrar-General

byEllen Dapaah
February 5, 2021
in Business, News, Top Stories
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The Registrar-General’s Department has tasked all existing companies to submit all data on their legal and beneficial owners before July 1, 2021.

“From January, every business that comes to register is supposed to download the forms, fill it and attach it to the registration documents. So we have started collecting them,” she noted during a media sensitization workshop held in Accra on Tuesday, February 2, 2021.

She continued, “For the legacy data, ie, businesses that already existed before we deployed the beneficial ownership register from October 1, 2020, we are giving them up to June 30 to update us with their beneficial ownership information because, after June 30, sanctions will kick in.”

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The Registrar-General firstly announced the plan to create a Beneficial Ownership (BO) register in 2018.

The deployment of the BO register begun in September 2020 with the extractive industry and other high-risk sectors like banks and other financial institutions.

With the register fully deployed now, the Registrar General, Jemima Oware, is asking all companies to submit their Beneficial Owner details by the end of June this year to prevent sanctions.

What is BO all about?

The Companies Act 2019 (Act 992) provides for the collection of data on beneficial owners on all companies.

The Beneficial Ownership regime requires the declaration of the true owners of every company operating in Ghana.

The information, which would be held in a Central Register by the Registrar of Companies, would be available to the business community, the general public and to competent authorities to promote business transparency.

Details of the beneficial owner of a company also help minimize domestic and cross-border bribery and corruption, fraud and illegal financial transactions.

The Beneficial Owner of an entity is therefore a person who will enjoy the economic rights stemming from the entity, regardless of whether the entity’s ownership is registered in his or her name.

 

 

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BoG must be innovative in dealing with rise in PPI – AGI

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Government partners private companies to mine abandoned iron ore in Oti Region

Cedi depreciation pushes Ghana’s debt to over GH¢390 bn in April; 78% of GDP

Manufacture of petroleum products push PPI to 31.2% in April

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SEC and West Africa Securities Regulators Association to hold 2nd edition of WACMaC

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