Project Description
This project is designed to support the implementation of Ghana's Corporate Insolvency & Restructuring Act, 2022, aiming to strengthen the country's legal and regulatory framework for business recovery and insolvency resolution. The initiative will involve technical assistance and advisory support to the Insolvency Service Division (ISD) of the ORC, GARIA, and the commercial division of the High Court of Ghana. It will also encompass preliminary work for the operationalization of a robust framework to manage non-performing loans (NPLs), including diagnostics and stakeholder coordination. Furthermore, the project will include capacity building and awareness-creation activities to ensure a comprehensive approach to enhancing the insolvency resolution process for the private sector in Ghana.