Corporate Insolvency & Winding-Up in Ghana – Recovering Debt from Property Developers (2025 Update)

Last Updated on October 10, 2025 by Bianca Clinton, Partner at Clinton Consultancy – Qualified Solicitor (Ghana, England & Wales)

When a Ghanaian company cannot meet its financial obligations, the Corporate Insolvency and Restructuring Act (Act 1015) offers creditors a strategic legal remedy: winding-up.

In the property sector—particularly in prime Accra developments—creditors and estates often face delayed payments or incomplete projects. As an insolvency solicitor, I guide clients through:

  • Drafting and filing creditor-driven petitions under Act 1015.
  • Coordinating publication in the Ghana Gazette and national dailies.
  • Advocating before the High Court (Commercial Division).
  • Supervising enforcement and asset recovery.

Strategic insolvency work goes beyond litigation. It can uncover opportunities to recover or restructure valuable real estate holdings, especially where assets are free from encumbrances.

If you represent an estate, bank, or investor owed funds by a Ghanaian property company, early action is vital.