ORC sets October 30 deadline for companies to file ownership details

Companies that are yet to file their Beneficial Ownership (BO) information have up to October 30, 2025, to comply or face sanctions starting November 1. The Office of the Registrar of Companies (ORC) has warned.

The directive, in line with the Companies Act, 2019 (Act 992) and the Companies Regulations, 2023 (LI 2473), requires all registered businesses to disclose individuals who ultimately own, control, or influence company operations.

According to the ORC, the move is aimed at enhancing transparency, preventing illicit financial flows, and aligning Ghana’s regulatory environment with international corporate governance standards.

In a statement signed by Acting Registrar of Companies, Mrs. Maame Samma Peprah, the ORC cautioned that firms which fail to comply—or knowingly submit false information—risk fines of up to 250 penalty units, imprisonment of up to two years, or both.

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

The ORC says full compliance will improve investor confidence and strengthen Ghana’s reputation as a transparent and compliant investment destination.