The Attorney-General and Minister for Justice, Dr. Dominic Ayine, has reaffirmed the government’s commitment to ensuring that businesses across Ghana adopt robust risk management systems to enhance resilience and sustainability.
Speaking at a stakeholder engagement in Accra on September 30, Dr. Ayine emphasized the need for strategic measures to help businesses weather economic shocks.
“As Attorney-General and Minister of Justice, I wish to affirm—and reaffirm—the commitment of my office to support the Office of the Registrar of Companies (ORC) and all its stakeholders in building a business climate that is both efficient and fair,” he said.
“I also reaffirm government’s commitment to support reforms that promote accountability and strengthen enforcement of the law to boost investor confidence,” Dr Ayine added.
The Attorney-General’s remarks come in the wake of ongoing efforts to bolster Ghana’s business sector, which has faced significant challenges in recent years.
From global economic upheavals to the devastating impact of the COVID-19 pandemic, many Ghanaian businesses have either shut down permanently, reduced salaries, or laid off workers to survive. However, some organizations managed to remain afloat—largely by embracing technology and digital tools.
Experts say that adopting digital systems was key to the survival of these businesses and should form a critical part of any risk management strategy moving forward.
In that spirit, the Office of the Registrar of Companies is urging the private sector to take risk management more seriously and to view technology as an essential element in that process.
Maame Samma Peprah, the Registrar of Companies, underscored the ORC’s role in building a transparent and sustainable business environment:
“At ORC, we are here to provide the legal and institutional framework that supports transparency, compliance, and long-term business sustainability,” she said.
“We aim to build a system that investors can trust, entrepreneurs can rely on, and citizens can benefit from.”
“As regulators and business leaders, we must understand that risk is not something to avoid, but a reality to strategically manage. Enterprise Risk Management is designed to help institutions build resilience and make better decisions.”
Also speaking at the event, Dr. Adu Anane Antwi, Board Chairman of the Securities and Exchange Commission, called on businesses to integrate risk management into their core operations.
“I want to urge all stakeholders to be committed to embedding risk management into the DNA of your organizations,” he said.
“This will not only help you navigate current and future challenges but also unlock new opportunities.”
The stakeholder meeting served as a rallying call for public and private sector leaders to work together to ensure Ghana’s business landscape remains strong, competitive, and prepared for future disruptions.
