New insolvency practitioners tasked with business rescue

The Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), which inducted the professionals, said they would help strengthen Ghana’s capacity to manage business distress and recovery.8, GNA – More than 100 newly inducted insolvency and restructuring practitioners have been tasked with supporting business recovery and restructuring distressed companies.

Justice Baffoe-Bonnie said insolvency and restructuring proceedings carried significant economic and social consequences and therefore required a careful and balanced approach.