File ownership details by October 30 or face penalties - ORC warns

The Office of the Registrar of Companies (ORC) has warned companies that are yet to file their Beneficial Ownership (BO) information to do so by October 30, 2025, or face sanctions effective November 1, 2025.

According to the ORC, the directive aims to enhance transparency, prevent illicit financial flows, and align Ghana’s regulatory environment with international corporate governance standards.

In a statement signed by the Acting Registrar of Companies, the ORC cautioned that firms which fail to comply with the directive risk facing fines or imprisonment.

Register your business or risk penalties, closure – ORC warns entrepreneurs

The requirement, in accordance with the Companies Act, 2019 (Act 992) and the Companies Regulations, 2023 (L.I. 2473), mandates all registered businesses to disclose the individuals who ultimately own, control, or influence the operations of a company.

“An individual who fails to provide such information, or knowingly provides false or misleading information, is liable on summary conviction to a fine of not less than one hundred and fifty penalty units and not more than two hundred and fifty penalty units, or to a term of imprisonment of not less than one year and not more than two years, or to both, under Sections 35(14) and (15) of the Companies Act, 2019 (Act 992),” the statement read.

The directive applies to private and public companies limited by shares or by guarantee, unlimited liability companies, and external companies operating in Ghana.

ORC reminds all companies to file their Beneficial Ownership (BO) Information by 30th Oct 2025.

Penalties apply from 1st Nov 2025 under the Companies Act, 2019 (Act 992) & L.I. 2473.

Stay compliant. File today.#ORCGhana #BeneficialOwnership #Act992 #CorporateCompliance pic.twitter.com/tlPbSt2mji

— ORC GHANA (@OrcGhana) October 16, 2025