CIRIP Ghana calls for stronger business rescue framework to boost investor confidence

November 4, 2026

2 minutes read

Mr Addo(third from right), together with Mr Terkper(fourth from right)and other dignitaries at the event

The Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP) Ghana has called for a stronger business rescue and insolvency framework to protect investments and boost investor confidence as Ghana pursues industrialisation and private sector growth.

The institute said clear and predictable rules for managing business failures were essential to attracting investment, as investors needed the assurance that businesses experiencing financial difficulties would have opportunities to restructure and recover rather than face premature liquidation.

The call was made by the President of CIRIP, Mr Felix Addo, at the climax of the institute’s 20th anniversary celebration in Accra on Saturday.

The event was held under the theme: “Rescue, Reform, Renewal – CIRIP at 20: Leading Business Restructuring and Future Economic Growth in Ghana”.

Mr Addo noted that effective business restructuring systems were important tools for promoting economic resilience, financial stability and sustainable growth.

He explained that Ghana’s previous legal framework for distressed businesses focused largely on liquidation, leaving viable enterprises experiencing temporary financial difficulties with limited opportunities to reorganise and resume productive operations.

The President of CIRIP Ghana also stated that the institute had worked with various stakeholders to advance reforms in the country’s corporate restructuring and insolvency landscape.

According to him, the reforms had helped shift the national conversation from liquidation towards business rescue, value preservation, restructuring and economic recovery.

Mr Addo noted that an effective insolvency framework did not only protect the interests of creditors but also helped preserve jobs, safeguard investments, sustain tax revenue and ensure that productive businesses continued to contribute to the economy.

Delivering the keynote address on behalf of President John Dramani Mahama, the Economic Adviser to the President, Mr Seth Emmanuel Terkper, said effective insolvency systems were necessary to preserve businesses, protect investments and promote financial stability.

He explained that the ability of businesses to recover from financial difficulties was important to investors because it offered opportunities to preserve value rather than allow viable enterprises to collapse through premature liquidation.

Mr Terkper indicated that the passage of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), and the Chartered Institute of Restructuring and Insolvency Practitioners Act, 2024 (Act 1117), had contributed to modernising Ghana’s approach to corporate distress.

He also called for stronger investor protection and confidence-building measures in the country’s capital market, stressing the need for policies that safeguarded investments and restored trust among market participants.

According to him, Ghana’s financial market development agenda must prioritise investor protection, particularly for those affected by financial market disruptions, to encourage greater participation and support long-term capital market growth.

He noted that developments in the capital market must be closely linked to broader efforts to strengthen the country’s financial and economic systems.

Mr Terkper urged continued collaboration among policymakers, regulators, financial institutions and professional bodies to strengthen Ghana’s financial architecture and create an enabling environment for investment and sustainable business growth.

BY PRINCE ADDO FRIMPONG

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