Tag: GARIA
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Businesses must understand new Companies Act- GARIA President
The President of the Ghana Association of Restructuring and Insolvency Advisers, GARIA, Felix Addo, is urging young entrepreneurs to seek understanding of the new Companies Act to avert lawsuits that may distract their operations. President Akufo-Addo assented to the New Companies Act, on August 2nd 2019. The Companies Act, 2019 has been in the works…
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Gov’t interference in DKM acceptable – World Bank Executive
The Global Lead for Credit Infrastructure at the World Bank, Mahesh Uttamchandani has described as acceptable , government’s intervention in the DKM microfinance scam to help customers get back their investments. According to him, unlike corporate private entities, an insolvency involving financial institutions like DKM, have larger societal impact which have dire economic implications. “A…
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FDIs to Ghana risk decline due to insolvency regime
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has cautioned of alarming consequences on Foreign Direct Investments (FDIs) to Ghana, if efforts are not intensified to develop the country’s insolvency regime. GARIA argues that the current practice where businesses are compelled to shut down over huge debts, downgrades the country’s reputation in attracting investments.…