Functions of ORC

The ORC is the Government of Ghana’s agency established by the Companies Act, 2019 (Act 992) with the purpose of facilitating orderly conduct of business and provision of business registration, insolvency, and regulatory services and in the process, to create an attractive business environment in the country.

The ORC is run by the governing board with full financial autonomy and full control over the use of its internally generated funds. The core functions of ORC, as contained in the Companies Act, 2019 (Act 992), are as follows:

  • To register:
  1. Business Names in accordance with the Registration of Business Names Act, 1962 (Act 151);
  2. Companies in accordance with the Companies Act, 2019 (Act 992);
  3. Partnerships in accordance with the Incorporated Private Partnerships Act, 1962 (Act 152), and
  4. Professional Bodies pursuant to the Professional Bodies Registration Act, 1973 (N.R.C.D. 147), other than Professional Bodies established by an Act of the Parliament;
  • To appoint Inspectors, Receivers or Managers to ensure effective compliance with the Act;
  • Discharge duties and perform functions of the Office as the Regulator of Insolvency Practitioners and be the Official Liquidator under the Corporate Insolvency & Restructuring Act, 2020(Act 1015) and its Amendment (Act 1031)
  • Ensure knowledge management and sharing of best practices by collecting, collating and disseminating information on and about the business entities registered in the Business Register

The ORC is also responsible for collecting, collating and disseminating information on business entities registered in the Business Register