The Business renewal law sourced from the Registrar General’s Department states emphatically, “Once in every year an individual or company registered under this Act shall deliver to the Registrar for registration renewal notice in the prescribed form renewing the registration. (2) Without prejudice to any other liability prescribed by this Act, any registration which is not renewed by this section shall be deemed to have lapsed, and the Registrar may remove from the register the business name.”
As a sole proprietor, are you looking at how you can renew your business license in Ghana? Let’s help you make your renewal process very easy.
- Pick a renewal form at the Registrar General’s Department.
- Alternatively, download the form via the Registrar General Department’s website.
- Cost of renewals is GHS25 per year.
Since they already have your business details, you wouldn’t have to go through much stress renewing your business license. Once you are done filling the form, your submission completes the process.
The effort, determination, ability to break even, save profits and brave losses is up to the sole proprietor. It may sound scary, but all it needs is a step.
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