27.2 C
Accra
Wednesday, December 1, 2021
No menu items!

Registrar-General’s Department to delete names of dormant companies beginning April 2019

Must Read

GBC presents brand new laptops to Keta SHTS NSMQ Contestants

By Godfred Zina Management of the Ghana Broadcasting Corporation has presented brand new HP Laptops to the Keta Senior High...

Toll Booth workers protest

Story by Nathaniel Nartey Facebook: Nathaniel Nartey Twitter : @Annertey_Nartey Workers at the various Toll booths today went on a demonstration in...

2022 Budget: Majority/Minority in Crunch meeting to devise next line of action

By Bubu Klinogo The Minority and Majority sides in Parliament are holding separate Caucus meetings over the 2022 Budget Statement...

The Registrar-General’s Department is to delete the names of all dormant companies on its register beginning April 2019, as part of a large-scale cleaning-up of its database.
The Registrar General Jemima Oware made the announcement  at the Ghana Association of Restructuring and Insolvency Advisors’ (GARIA) end of year cocktail in  Accra .
According to Madam Oware all businesses that have not filed their annual returns for more than a decade and are not on the e-register, are expected to be deleted from the register.
She added that the department’s e-register, which was introduced almost 10 years ago, now has more than 500 thousand registered companies.
She urged all businesses that are yet to re-register to do so before April 2019 to avoid paying steep penalties of 350  and sanctions before being put into the new database with a certificate.
She disclosed that “with this certificate all businesses that you require to place contract with government ,you will get it. If you go in for any government contract and you have not been updated you are going to have a problem because you are not going to have a good standing”
Madam Oware explained that  a business or company’s officers must have unique tax identification numbers, auditors must have a tax identification number, shareholders must have tax identification numbers and annual returns must come with financial statements.
She revealed that there are over a million businesses on the database that have not filed their annual report.
“They just register one time maybe just for a visa or a contract and they do not bother to come back” she said.
The Registrar General was confident that this whole idea was to win out and strike out all businesses that are not doing any serious business in Ghana.
This she said would provide a viable, credible, accurate database of businesses that people can really trust and do.
Story By: Mabel Adorkor Annang

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

GBC presents brand new laptops to Keta SHTS NSMQ Contestants

By Godfred Zina Management of the Ghana Broadcasting Corporation has presented brand new HP Laptops to the Keta Senior High...

Toll Booth workers protest

Story by Nathaniel Nartey Facebook: Nathaniel Nartey Twitter : @Annertey_Nartey Workers at the various Toll booths today went on a demonstration in protest against the abolishing of...

2022 Budget: Majority/Minority in Crunch meeting to devise next line of action

By Bubu Klinogo The Minority and Majority sides in Parliament are holding separate Caucus meetings over the 2022 Budget Statement that was unresolved by the...

GFD casts doubts on government’s promise to re-assign Toll Booth staff

By Nathaniel Nartey Facebook: Nathaniel Nartey Twitter : @Annertey_Nartey The Ghana Federation of Disability Organization says it is not convinced by a directive from the government to...

Afoko Murder Trial: Kath Pathology attributes death to excessive acid burns

By Yvonne Asare- Offei A former Pathologist at the Korle-Bu Teaching Hospital who performed the Post-Mortem on the body of the late NPP Upper East...

More Articles Like This