Guidelines for the Transfer of Ownership of a Private School in Ghana

Guidelines for the Transfer of Ownership of a Private School in Ghana

For the transfer of school ownership through sales, inheritance, gifts, or others, NaSIA considers the process as more of life-transforming than a mere transaction.

It involves legally transferring the ownership name and operation of a school to another individual or organization. Thus, the school under consideration will continue to operate even under the new owner.

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Step 1: The School Proprietor must complete and submit the Notice of Intent to Transfer Ownership (NoIT) Form on NaSIA’s website at a fee.

This application must be submitted at least one academic year before the intended year of transfer. The submission of this application is meant to inform NaSIA of the Proprietor’s intention.

 

Step 2: NaSIA reviews submitted NoIT form

 

Step 3: NaSIA then issues a Letter of Consent to support the intent of the School Proprietor.

The Letter of Consent will be valid for a specified period as indicated in the letter (The School Proprietor may have to reapply after the specified period).

Upon receipt of the Letter of Consent, the School Proprietor can proceed with the necessary actions (legal, financial, social, etc.) to transfer the ownership of the school to the Prospective School Proprietor.

All the necessary documents should be completed and change of ownership effected at the Registrar General’s Department.

 

Step 4: After the ownership has been transferred to the selected individual who acquires the school, he/she becomes the New School Proprietor.

The New Proprietor completes and submits the Application for Authorisation (AfA) Form and supporting documents as stated in step 1 of section 2.4.2 at a fee as specified on NaSIA’s website. This step begins the stage of updating the school’s records to reflect the new changes.

 

Step 5: NaSIA reviews the submitted AfA Form and supporting documents and grants approval.

 

Step 6: The Proprietor proceeds to complete and submit the Notice of Intent to Operate (NoI) Form and supporting documents at a fee as specified on NaSIA’s website.

 

Step 7: NaSIA reviews the submitted NoI Form and supporting documents for completeness and issues approval.

 

Step 8: NaSIA reviews the Provisional License to ensure that the right license is issued to the school based on the curriculum, school name, and levels that the new School Proprietor intends to operate. School Ownership is now officially changed with NaSIA.

 

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