CIRIP Ghana @20: Rescue, Reform, Renewal

On September 22, 2026, the Chartered Institute of Restructuring and Insolvency Practitioners, Ghana (CIRIP), marked its 20th anniversary with a landmark public lecture at the British Council, Accra. Themed “Rescue, Reform, Renewal: Leading Business Restructuring and Future Economic Growth in Ghana”, the event convened government officials, members of the judiciary, regulators, bankers, business leaders, development partners, and the media to reflect on two decades of progress in Ghana’s insolvency and restructuring landscape.

Representing AmCham Ghana, Jane Okyere-Aduachie, Manager, Membership, External Relations and Special Projects, delivered a goodwill message on behalf of the Chamber, congratulating CIRIP on its remarkable journey over the past two decades and its invaluable contribution to strengthening Ghana’s business and regulatory environment.

In her remarks, she noted that through sustained advocacy, deep collaboration, and an unrelenting belief in Ghana’s economic potential, AmCham Ghana and CIRIP achieved what many thought was impossible; the passage of three landmark business laws:

  • The Companies Act, 2019 (Act 992), which modernized our company law;
  • ⁠ ⁠The Corporate Insolvency and Restructuring Act, 2020 (Act 1015), which for the first time introduced business rescue mechanisms — administration, restructuring plans, creditor moratoriums, and post-commencement financing; and
  • ⁠ ⁠The CIRIP Act, 2024 (Act 1117), which transformed GARIA into the Chartered Institute of Restructuring and Insolvency Practitioners, Ghana — a statutory body to regulate and advance insolvency practice in Ghana.

She commended the Institute for championing reforms that promote business rescue over liquidation, thereby preserving businesses, protecting jobs, safeguarding investments, and supporting economic stability.

 

Achievements and Milestones

Chief Dr. Alhassan Andani, delivering the keynote, praised CIRIP’s transformation from GARIA into a statutory chartered institute under Act 1117 (2024). He highlighted:

  • Passage of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015).
  • Training and licensing of insolvency practitioners.
  • Launch of the Corporate Insolvency and Restructuring Journal.

Membership now exceeds 636 professionals across law, accountancy, banking, and corporate disciplines, underscoring CIRIP’s multidisciplinary strength.

Challenges and Gaps

Despite progress, Chief Andani noted that administration remains underutilized—only three companies entered administration in the first four years of the law compared to over 400 liquidations. Barriers include limited capacity, weak rescue financing, lack of awareness, institutional delays, and unreliable data.

National Business Rescue Agenda

Looking forward, CIRIP’s agenda is bold:

  • Establishing an Insolvency and Business Rescue Observatory with annual dashboards.
  • Creating specialised courts with time-bound processes.
  • Making rescue finance bankable.
  • Introducing early warning systems.
  • Developing SME-friendly rescue procedures.
  • Professionalising implementation standards.

The call was clear: viable businesses must be preserved, jobs protected, and economic confidence strengthened.

Media and Stakeholder Engagement

CIRIP President Felix Addo urged the media to educate businesses that financial distress does not necessarily mean collapse. He recalled avoidable failures such as Ghana Airways, which employed over 2,000 people and operated in 16 countries before liquidation. Rescuing struggling businesses, he stressed, is critical to protecting jobs, preserving investments, sustaining tax revenues, and preventing supply chain disruptions.

Chairman’s Reflections

Professor Emeritus Ato Ghartey, chairing the lecture, offered a reflective address. Drawing on a school ode from his youth, he emphasized gratitude to CIRIP’s founders, especially Dr. Felix Addo, and urged members to “give nothing but our best.”

He unpacked the anniversary theme, noting that the exclamation marks in “Rescue! Reform! Renewal!” signal urgency akin to emergency action. He linked this to Ghana’s banking crisis (2017–2020) and warned of the social chaos when businesses that could be saved are left to die.

 

Dr. Pamela Graham, the Auditor General of Ghana expressed the commitment of GARIA now CIRIP for the remarkable contribution in supporting the passage of the The first was the enactment of the Companies Act, 2019 (Act 992), which modernised Ghana’s company law framework.

The second and most significant achievement was the passage of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), a transformative piece of legislation that fundamentally changed Ghana’s approach to corporate distress. She also thanked Felix Addo for all his support over the years in sustaining the institute. She added that as a member of the Institute she tasked all professionals to continue to support the institute in other to wholistically help viable but distressed businesses in Ghana.

Shared Responsibility

The lecture concluded with a message of collective responsibility: government, judiciary, regulators, banks, directors, practitioners, universities, and the media must all contribute to building a rescue culture. CIRIP’s first twenty years laid the foundation; the next twenty must prove the structure by turning reform into measurable resilience and renewal for Ghana’s economy.

Meanwhile, CIRIP is hosting its Anniversary Masterclass and Induction ceremony for Practitioners on Tuesday 6 October 2026, 8:30 to 5:30pm inviting all professionals to take part in these events.

 

AmCham Ghana Hosts U.S. Embassy Delegation to Deepen U.S.–Ghana Trade and Investment Collaboration

A delegation from the U.S. Embassy in Accra paid a working visit to the American Chamber of Commerce in Ghana (AmCham Ghana) on Tuesday, 6th October 2026. The delegation was led by the Economic Counselor, Mr. Andy Winkelman and  the Senior Commercial Counselor, Ms. Rachel Kreiss . They were received by the Chief Executive Officer, Mrs. Doris Afanyedey, and the team at the Secretariat.

 

The meeting was an opportunity for the Embassy and the Chamber to exchange perspectives on promoting trade and investment between the United States and Ghana. Discussions focused on improving Ghana’s business enabling environment, structured stakeholder engagement in policy processes, and opportunities for businesses under the African Continental Free Trade Area (AfCFTA).

 

Mrs. Afanyedey shared feedback from the recent U.S.–Ghana Presidential Roundtable held in New York on the sidelines of the 81st Session of the United Nations General Assembly (UNGA81). She also briefed the delegation on the Chamber’s other recent engagements with government and private sector stakeholders.

 

Both parties agreed to collaborate on identifying investment opportunities for U.S. companies across priority sectors. They also agreed to organise information sessions to keep the business community informed.

 

Present at the meeting were Jane Okyere-Aduachie, Membership and External Relations, AmCham Ghana; Albert Ludwig Botchway Communications Officer, AmCham Ghana; and Alyssa Morris, Africa Trade Officer, U.S. Department of State, Bureau of Economic Energy and Business Affairs.

 

AmCham Ghana thanks the U.S. Embassy for its continued partnership. The Chamber reaffirms its commitment to positioning Ghana as a preferred destination for American investment in Africa.

Partnership in Action: U.S. Chamber, AmCham Ghana and GIPA Deliver Landmark U.S.–Ghana Presidential Roundtable

New York, 23 September 2026 — Close collaboration between the U.S. Chamber of Commerce, AmCham Ghana and the Ghana Investment Promotion Authority (GIPA) helped deliver a high-impact U.S.–Ghana Presidential Roundtable featuring H.E. John Dramani Mahama, President of the Republic of Ghana, at Nasdaq MarketSite on the sidelines of the 81st UN General Assembly.

Hosted by the U.S. Chamber’s U.S.–Africa Business Center, the programme opened with President Mahama ringing the Nasdaq Closing Bell, a live-broadcast moment symbolising the strength of economic ties between the two countries. AmCham Ghana CEO Doris Kafui Afanyedey joined the President on the podium alongside U.S. Chamber and Nasdaq leadership and lead sponsors Chevron and Areva Pharmaceuticals.

Three institutions, complementary roles

  • U.S. Chamber of Commerce convened the event and drew senior executives from more than 25 leading companies, including Caterpillar, Citi, ExxonMobil, Google, Mastercard, Microsoft, Pfizer, Procter & Gamble, UPS and Visa. Kendra Gaither, President of the U.S.–Africa Business Center, and Dr. Guevera Yao, Vice President, led the programme.
  • GIPA, led by CEO Simon Madjie, presented the Invest in Ghana case to the room, framing the investment opportunities behind the President’s keynote.
  • AmCham Ghana brought the on-the-ground perspective of U.S. companies operating in Ghana and was invited to deliver the first commentary in the open discussion, focusing on implementation: priority sectors, sequencing of reforms and practical ways for U.S. companies to partner with Government.

A strong Government of Ghana presence

The President was accompanied by a senior delegation including Minister of Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare; Ghana’s Ambassador to the U.S., Victor Smith; and Minister of State in Charge of Government Communication, Felix Kwakye Ofosu, and other senior Government officials, giving executives direct access to decision-makers.

What it means for members

The Roundtable demonstrated how coordinated engagement between U.S. and Ghanaian institutions can create direct channels between investors and Government. For AmCham Ghana members, the Roundtable strengthens direct channels to Government and to GIPA, and raises the profile of Ghana-based businesses with U.S. investors and headquarters. It also creates new connections with leading U.S. companies and gives members clearer insight into Government priorities, including the 24-Hour Economy and export-led industrial growth.

 

AmCham Ghana Joins World Cleanup Day Effort at Ananse Beach

The American Chamber of Commerce Ghana (AmCham Ghana), led by the Manager for Membership, External Relations and Special Projects, Jane Okyere-Aduachie joined Mayekoo Foundation and Let’s Do It Ghana on 19 September 2026 for a World Cleanup Day beach cleanup at Ananse Beach, Nungua, bringing together businesses, community members, institutions, civil society organizations and individual volunteers around a shared commitment to protecting Ghana’s coastline.

The cleanup mobilized 576 volunteers, who collectively removed 51.2 tons of waste and marine debris from the beach in a single day. The waste included recyclable plastic bottles, fishing nets, wood, non-recyclable plastics, and other debris that had accumulated along the coastline.

AmCham Ghana’s participation demonstrated the important role businesses can play in supporting practical environmental action. By joining the cleanup, AmCham members contributed their time and resources to a community-led effort addressing the growing challenge of coastal waste and promoting greater responsibility for the environments in which communities live and businesses operate.

The activity also formed part of Mayekoo’s wider coastal restoration work, which focuses on sustained restoration, community participation and partnerships to improve the condition of Ghana’s beaches. The collaboration with Let’s Do It Ghana reflects the value of bringing together the private sector, civil society and communities around environmental challenges that require collective action.
The results at Ananse Beach showed what is possible when organizations work together with a common purpose. While the removal of 51.2 tons of waste represents a significant one-day effort, continued collaboration and sustained coastal management will be essential to maintaining these gains and building healthier, cleaner and more resilient coastal communities.

Be Part of the Next Cleanup
The work does not end when the cleanup ends. Mayekoo continues to work with communities, businesses and organizations to restore and protect Ghana’s coastline.
Would your company or organization like to join us for our next cleanup? Whether through employee volunteers, equipment, funding, or technical support, there is a role for you.
025 602 2624 – Mayekoo Foundation

President Mahama Urges U.S. Investors to Move “From Conversations to Commitments” at U.S.-Ghana Presidential Roundtable

On Wednesday, September 23, 2026, President John Dramani Mahama called on American businesses to partner with Ghana in building a value-added, export-driven economy. He was delivered the keynote address at the U.S.-Ghana Presidential Roundtable, hosted by the U.S. Chamber of Commerce’s U.S.-Africa Business Center, the American Chamber of Commerce, Ghana, and the Ghana Investment Promotion Authority at the Nasdaq MarketSite during UNGA 81.

The President noted that Ghana has long produced cocoa, gold, minerals and other commodities, but too much of that value has left the country unprocessed. Using cocoa as an example, he said Ghana is one of the world’s leading producers yet has historically exported raw beans. He pointed to significant opportunities in processing into chocolate, cocoa butter and other food products. That processing, he said, would create markets for farmers, work for processors and suppliers, and jobs across the value chain.

The priority sectors he highlighted at last year’s engagement remain open: agriculture and agribusiness, energy, mining, health and technology. The sharper focus now, he said, is on adding value within them.

President Mahama outlined incentives for qualifying businesses, including duty-free import of plant and equipment and faster clearance procedures at the ports. He said production growth would open further opportunities in transport, logistics, warehousing, cold-chain facilities and digital services. He also stressed that reliable energy is essential for manufacturers to scale up operations.

Technology was identified as another major frontier. The President cited opportunities in digital infrastructure, data centres, artificial intelligence and financial technology.

The President reminded investors that Ghana’s domestic market is only part of the opportunity. Ghana hosts the Secretariat of the African Continental Free Trade Area (AfCFTA), which brings together a continental market of more than 1.4 billion people. As a result, companies that produce in Ghana can serve West Africa and the wider continent.

He added that Ghana is preparing to assume the chairmanship of the African Union. Ghana intends to use that role to champion infrastructure, industrialisation and regional integration, all areas where American businesses have strong expertise.

President Mahama noted that trade between the two countries in goods and services has reached approximately $4.6 billion. He also noted that Ghana has benefited from the African Growth and Opportunity Act (AGOA) for more than two decades. The next chapter of the relationship, he said, must put greater emphasis on trade, investment and technology. He cited Ghana’s political stability and strategic location in West Africa as key advantages for American companies.

The Ghana Investment Promotion Authority (GIPA) followed the keynote with a video presentation on Ghana’s investment landscape. The video invited investors to form partnerships grounded in mutual respect and shared prosperity. It framed this moment as the time to move from conversations to commitments.

The roundtable followed by the Nasdaq Closing Bell ceremony and bilateral meetings between the President and senior executives of the US Chamber and AmCham Ghana

Ghana Is Open for Business”: President Mahama Rings the Nasdaq Closing Bell in New York

On Wednesday, September 23, 2026, His Excellency John Dramani Mahama, President of the Republic of Ghana, rang the Closing Bell at the Nasdaq MarketSite in Times Square on Wednesday. The ceremony was hosted by the U.S. Chamber of Commerce’s U.S.-Africa Business Center, the American Chamber of Commerce, Ghana and the Ghana Investment Promotion Authority on the sidelines of the 81st Session of the United Nations General Assembly (UNGA 81).

The ceremony carried a clear message to global markets: Ghana is open for business. Against the backdrop of one of the world’s most recognisable financial landmarks, the moment symbolised the strength of economic ties between the United States and Ghana. It also signalled Ghana’s ambition to position itself as a leading destination for American capital and enterprise.

The bell ringing was followed by a U.S.-Ghana Presidential Roundtable. The roundtable convened 100 business leaders, chamber representatives and senior Ghana government officials to exchange views on Ghana’s economic priorities and the role of the private sector in delivering growth, jobs and investment. President Mahama presented his economic vision to senior U.S. business leaders and set out opportunities in manufacturing, agro-processing, energy, technology and health.

The American Chamber of Commerce in Ghana (AmCham Ghana) joined its partners in welcoming the occasion. The Chamber described the event as a powerful endorsement of Ghana’s investment story on a global stage.

“Seeing Ghana’s President close the trading day at Nasdaq sends a strong signal to investors that Ghana is indeed ready to do business,” said Doris Kafui Afanyedey CEO of AmCham Ghana. AmCham Ghana will keep working with our members and partners to turn this visibility into investment, jobs and lasting commercial partnerships.”

AmCham Ghana Participates in Global Africa Summit Charlotte 2026

The American Chamber of Commerce, Ghana, participated in the Global Africa Summit (GAS) Charlotte 2026, convened by the Africa Investment Network (AIN) from September 8–10 in Charlotte, North Carolina. The three-day gathering brought together business leaders, investors, government officials, policymakers, entrepreneurs, and diaspora leaders around the theme, “Beyond Partnerships: Trade, Investment & Private Capital as Tools of Global Resilience.”
AmCham Ghana was represented by The Manager for Membership, External Relations and Special Projects, Jane Okyere-Aduachie, who was among the featured speakers opening Day Two of the main conference programme. She welcomed participants on behalf of AmCham Ghana, shared greetings from the Chamber, the benefits of joining the Chamber and AmCham’s role and services in supporting businesses, facilitating trade, services, and connections, and strengthening commercial engagement between Ghana and the United States.
The summit began on September 8 with participants taking part in tours of the Pearl Innovation Centre and a market briefing, followed by the official Welcome Reception that evening. The reception brought together Summit delegates, partners, government representatives, and business leaders and helped set the stage for two days of substantive discussions on strengthening trade and investment between Africa, the United States, and the global diaspora.
On September 9, the Summit’s formal programme began with the inaugural executive breakfast roundtable launching AIN’s Industrial Africa 2035 Institutional Framework, a private-sector-led framework designed to mobilise global private-sector engagement in Africa’s industrial transformation. Chaired by Jane Reindorf-Osei, Founder and President/CEO of the Africa Investment Network, the invitation-only roundtable convened approximately 50 private- and public-sector leaders for a focused discussion on the role of private capital, trade, industrialisation, cities, institutions, and cross-border partnerships in advancing Africa’s economic transformation.
Participants included HRM Notse Nii Nortey Owuo IV; Charlotte Mayor Rob Harrington; Charlotte City Council Member Malcolm Graham; former U.S. Congresswoman Eva Clayton; Senator Caleb Theodros; Chief Kenny Flowers; British A. Robinson, Chair, Africa at Milken Institute International; Dr. Rachel Laryea, Founder of Black Capitalism LLC and author of Black Capitalist; and Bishop Claude Alexander, alongside other senior business, government, investment, and institutional leaders.
Following the breakfast roundtable, the main Summit programme opened with remarks from Jane Reindorf-Osei, followed by Mayor Rob Harrington, HRM Notse Nii Nortey Owuo IV, and Bishop Claude Alexander. The opening programme culminated with a keynote address from British A. Robinson, setting the tone for the conversations that followed. AmCham Ghana was represented by the Manager for Membership, External Relations, and Special Projects, Jane Okyere-Aduachie, who was among the featured speakers opening Day Two of the main conference programme. She welcomed participants on behalf of AmCham Ghana, shared greetings from the Chamber, benefits of joining the Chamber, highlighted AmCham’s role and services in supporting businesses, facilitating trade, services, connections, and strengthening commercial engagement between Ghana and the United States.
The Summit also received support from the Office of North Carolina Governor Josh Stein. Walter Bowers Jr. participated in the Welcome Reception and delivered a letter from the Governor expressing support for the Summit and AIN’s work to strengthen trade and investment ties between North Carolina and Africa.
Across the Summit, discussions moved beyond traditional dialogue to practical opportunities in trade, private capital, agriculture and food systems, critical minerals, infrastructure, technology, financial markets, real estate, and diaspora investment. Curated Deal Rooms, executive discussions, market engagement, and business-to-business connections provided additional opportunities to move conversations towards tangible partnerships and investment opportunities.
For AmCham Ghana, participation in GAS Charlotte provided an important opportunity to further advance commercial connections between Ghana and the United States and position Ghanaian businesses within a broader network of investors, companies, institutions, and economic development partners exploring opportunities across Africa. We thank the Africa Investment Network and its partners for convening this important platform for advancing U.S.–Africa economic engagement and look forward to building on the relationships and opportunities that emerged from Charlotte.

AmCham Ghana engages with the U.S. Treasury.

Earlier today, 17 September, 2026, the U.S. Treasury delegation, led by Alex Leipziger, Director, Africa Office, U.S. Department of the Treasury, and Trina Rand, Delegation Member, U.S. Department of the Treasury, together with Andy Winkleman, Economic Counselor, and Rachel Kriessl, Senior Commercial Consular, met with Doris Afanyedey, CEO of the American Chamber of Commerce, Ghana, and a cross section of members to have an engagement on the investment landscape and regulatory environment for U.S. investment in Ghana and also to explore how best the United States can attract more investment into the Republic of Ghana.

Members welcomed the improving macroeconomic outlook and the government’s more open posture toward private-sector engagement, while also using the opportunity to share candid, on-the-ground perspectives on the business environment, including regulatory predictability and the broader conditions needed to sustain and grow U.S. investment in Ghana. The Chamber looks forward to continued engagement with both the U.S. Government and the Government of Ghana to strengthen the conditions for U.S.–Ghana trade and investment.

Ericsson Explores AmCham Ghana Membership as Company Marks 30 Years in Ghana

AmCham Ghana hosted Rostand Njomgang, West and Central Africa Regional leader for Ericsson, the Swedish telecommunications technology provider marking thirty years of continuous presence in Ghana this year, for a meeting centred on the company’s interest in joining the Chamber. The Chamber’s team walked Ericsson’s leadership through its structure and value proposition, including its network of more than 150 member companies, of which roughly 70 percent are American or American-affiliated, and its close working relationship with the Economic, Commercial and Public Affairs sections of the U.S. Embassy, whose heads sit on the Chamber’s board.

Ericsson’s leadership pointed to the Chamber’s six sector committees, and in particular its Information and Communication Technology committee, as a key motivation for exploring membership. The committee has engaged government stakeholders on pending ICT-related legislation since its first meeting in November 2025 and coordinates advocacy positions with the U.S. Chamber of Commerce in Washington, including on emerging regulatory developments such as a National Communications Authority framework under consideration to encourage greater diversification among telecommunications technology providers. Ericsson’s team also welcomed the Chamber’s broader suite of member services, from company registration support to inbound and outbound trade missions.

Following the meeting, AmCham Ghana agreed to share full details of its membership tiers, including its Platinum tier, as Ericsson considers formalising its participation. The Chamber looks forward to Ericsson’s continued interest and to welcoming its perspective within the growing ICT sector community, should the company decide to join.

AmCham Ghana Engages OECD-Affiliated Investment Climate Mission.

Last Thursday, 10 September, 2026, the American Chamber of Commerce, Ghana, hosted a delegation conducting an OECD-affiliated fact-finding mission on Ghana’s investment climate, contributing member perspectives to a forthcoming report for the Government of Ghana. The engagement is being coordinated through the Ghana Investment Promotion Authority (GIPA), newly reconstituted under the Ghana Investment Promotion Authority Act, 2026 (Act 1173), which serves as the project’s main focal point. The Chamber welcomed the opportunity to participate in a process that will combine the mission’s findings with comparative international examples and recommendations to further strengthen Ghana’s investment climate.

The Chamber’s contribution recognized a positive trajectory in Ghana’s investment environment, citing improved fiscal discipline, a stronger cedi, and a more responsive government as encouraging developments for American investors. AmCham Ghana noted with appreciation the reforms introduced under Act 1173, including the removal of the general minimum capital requirement, and highlighted the role of its six sector committees in channelling member insights constructively to institutional partners, including the Ghana Revenue Authority, the Data Protection Commission and the Business Regulatory Reform Secretariat, all of whom the Chamber commended for their openness to stakeholder consultation.

AmCham Ghana also identified areas where continued collaboration with GIPA and other government partners could further enhance the investment environment, including visa facilitation, timelines for payment on public contracts, and transparency in procurement processes. The Chamber outlined complementary initiatives of its own, including a proposed trade service desk, a research desk and an early-stage investor dispute resolution facility, and expressed appreciation to GIPA, the mission team and all stakeholders involved for the consultative spirit of the engagement, reaffirming its commitment to working alongside government to build on this progress