• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics
Thursday, July 10, 2025
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Cost of renewing business names increased

Kabah AtawogebyKabah Atawoge
November 14, 2022
Reading Time: 2 mins read
ShareShareShareShare

The renewal fee for business names has been increased from GHȼ25.00 to GHȼ30.00 per a communiqué from the Office of the Registrar of Companies (ORC).

A penalty fee of GHȼ450.00 to GHȼ600.00 is also to be imposed on defaulting Companies and Partnerships effective 31st December 2022.

The increments are expected to affect “all Sole Proprietorships and Subsidiary Business Names as well as Companies in default including Churches, Associations, Unions, Foundations, Schools, Fun Clubs, External Companies and Professional Bodies.”

Companies under the new adjustments are obliged “to file their Financial Statements together with their Annual Returns at a cost of GHȼ 60.00 per year to renew their Companies” and “external companies are to submit their Group Accounts to the ORC at a cost of $690.00 per year or in default pay a penalty of $750.00 in addition to fees for all the years in default.”

Partnerships are also expected to renew their Partnerships at GHȼ60.00 per year.

The communiqué however rescinded the Office’s initial decision to strike out the names of some 2,584 defaulting companies as part of a mass mopping exercise, dependent on those companies filing their annual returns by the end of year 2022.

“Further to the above, the 2,584 companies in default whose names had been earmarked for strike off from the Companies Register during the clean-up exercise can still be in good standing by filing their Annual Returns by end of the year, 2022. All Business Entities (Companies, Partnerships, and Sole Proprietorships) yet to migrate their business records onto the e-Registrar application dubbed ‘Re-Registration’ have up to 31st January 2023 to do so and be in good standing to avoid sanctions.”

The statement cautioned the public to be careful of fraudsters who call them pretending to be staff of the Office and asks them to send them monies.

It warned that payments on transactions be done “at our in-house Fidelity Bank or any Fidelity Bank branch across the country.”

 

 

Tags: Ghana NewsOffice of the Registrar of Companies (ORC)
ShareTweetSendSend
Previous Post

Akufo-Addo in London on private visit

Next Post

EC cancels registration certificates of 17 political parties

Related Posts

Featured

No nationwide blackout on July 13 – Energy Ministry clarifies

July 10, 2025
Featured

Ngleshie Amanfro: Suspected robbers kill 21-year-old MoMo vendor

July 10, 2025
Featured

Ablekuma North: We won’t contest an election we’ve already won – NPP insists

July 9, 2025
Featured

Accra Mayor praises vendors for red line compliance

July 9, 2025
Featured

Ablekuma North rerun will be fair and peaceful – NDC assures

July 9, 2025
Featured

Interior Minister inaugurates 13-member Prisons Service Council

July 9, 2025
Next Post
Jean Mensah, Chairperson of the Electoral Commission

EC cancels registration certificates of 17 political parties

ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections

© 2024 All Rights Reserved Citi Newsroom.