Registration Certificate

Aid Assist Ghana is registered as a LBG which operates as a NFP organization as per the information below.

COMPANIES LIMITED BY GUARANTEE (LBG)

A company limited by guarantee (LBG) is the preferred vehicle for non‑profit activities in Ghana. Unlike a company limited by shares, an LBG exists solely to advance its stated objects and is expressly prohibited from pursuing profits. This position of the law further reinforced under Section 8 of the Companies Act,[14]which stipulates that, a company limited by guarantee shall not be incorporated with the object of carrying on business for the purpose of making profits.[15] 

That notwithstanding, the company may engage in profit-generating activities only to the extent that such profits are applied solely toward the promotion of its stated objects, and not distributed among its members. This legal restriction affirms the not-for-profit character of companies limited by guarantee.[16]

Statutorily, the company’s name must signal its not‑for‑profit character by ending with the words “Limited by Guarantee” or the abbreviation “LBG”.[17]

Companies limited by guarantee are typically used for NGOs, charities, religious bodies, and educational institutions. These companies do not issue shares and do not distribute profits. Instead, members undertake to contribute to the assets of the company in the event of it being wound up.[18] Because members do not hold shares, they cannot receive dividends, nor may the company distribute its assets to them, even on winding‑up.[19]Instead, members undertake to contribute upon winding up.

One practical advantage of the guarantee form is that governance is typically vested in a board of trustees or a committee of members, whose powers mirror those of directors in a share company. Foreign nationals may serve as members or officers, provided at least one officer is ordinarily resident in Ghana, ensuring a local nexus for regulatory compliance.