30 Apr In The Nick of Time: The Insolvency Law and Post-COVID Recovery in Ghana
Ghana’s economy is forecasted to shrink by about 5% of GDP in 2020 this being a baseline scenario impact from the challenges of the pandemic. Businesses are facing a testing time, the like of which many would never have seen before. Owner managed businesses are particularly hard hit in these times as they often do not have cash reserves to carry them through months of potential disruption and forced closure. We are now subject to a threat nobody could have foreseen and thus the Corporate Restructuring and Insolvency Act, 2020 (Act 1015) is the need of the hour. Read More