Registrar-General Department says it will delete about 1 million businesses at the start of 2019

Registrar-General Department says it will delete about 1 million businesses at the start of 2019

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.

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.

In a report by the Business and Financial Times, the Registrar-General, Jemima Oware was quoted as saying: “There are over one million businesses on my database that have not filed their annual returns.

They just register for one-time, maybe for a visa or contract, and they do not bother to come back".

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Oware continued: “It looks like you have a database of companies and half of them are not doing any serious business in Ghana, so we are trimming it down to know those that are really doing business."

She was speaking at the Ghana Association of Restructuring and Insolvency Advisors’ (GARIA) end of year cocktail reception at the Marriot Hotel, Accra.

She added that the department’s e-register, which was introduced almost 10 years ago, now has more than 500,000 registered companies

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Oware then urged all businesses that are yet to re-register to do so before April 2019 to avoid paying steep penalties and sanctions.

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Source: Yen.com.gh

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