Tag: Beneficial Ownership
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Companies given up to June 30 to submit data on legal owners to Registrar-General
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…
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Registrar-General’s Department introduces new electronic system for business registration
The Registrar-General’s Department (RGD), has announced the introduction of a new electronic system to aid in the processes and procedures of registering companies in the country and promote government’s efforts at improving the ease of doing business in Ghana. According to the Registrar General, this is in compliance with the Companies Act 2019 (Act 992)…
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Registrar-General deploys Central Beneficial Ownership Register for extractives; other high risk sectors
The Register-General Jemima Oware, has announced the deployment of a new Central Beneficial Ownership Register for all companies operating in the country. According to her, the deployment will begin from the 21st to the 28th of September, 2020, with the extractive industry and other high risk sectors like banks and other financial institutions. The use…
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Sustained commitment needed to fight illicit financial flows – Group urges
Policy analyst with the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw, has stated that Ghana’s quest to fight illicit financial flows within the extractive sector can be fast-tracked with firm commitment from the media and competent authorities within the sector. His call comes as government prepares to fully establish the Beneficial Ownership Register by…
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Passage of beneficial ownership threshold will address corruption
The Registrar-General’s Department has met some key sector players to deliberate on beneficial ownership threshold to fit the various sectors of the economy. The key stakeholders had met a month earlier to develop a beneficial ownership register to allow all stakeholders access to one single platform which will make business very smooth and easy to…
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Beneficial ownership register to be ready in 6 months — Registrar-General
The Registrar-General is still in the process of developing a beneficial ownership register which they say will be completed in the next six months. The register, when completed by the end of the year, will allow all stakeholders access to one single platform which will make business very smooth and easy to access. Speaking to…
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ACEP demands basis for direct negotiations for oil blocks
The African Centre for Energy Policy (ACEP) is demanding answers over the existence of direct negotiations in the allocation of oil blocks. In ACEP’s view, this contravenes aspects of the law which states that a petroleum agreement shall only be entered into after an open, transparent and competitive tender process. The energy think tank says…