The Ghana Investments Promotion Centre has launched the 2012 Ghana Club 100 (GC 100). It is on the theme “Promoting Good Governance and Innovative Entrepreneurship”.
First launched in 1998 by the centre, the GC 100 is an annual compilation of the top 100 companies in the country.
The GC 100 also serves as a benchmark to corporate excellence and serves as role models for the private sector and provide the forum for corporate Ghana to interact with the government.
The launch of the club paves the way for a thorough assessment of the performance of the companies in the country out of which the best 100 will be selected to be part of the prestigious club for 2012.
The launch was also used to unveil a reburshied GIPC website which has some new features including a dedicated GC100 section with a link to any of the listed companies in the club.
The Minister of State responsible for Private Sector Development, Mr Abdul-Rashi Pelpou, who performed the launch called on companies in the counties to avail themselves of assessment to enable them to qualify to be part of the top 100 clubs in the country.
He said the process to the selection demanded a thorough assessment of the books of the companies to be able to ascertain their real worth and contribution to the state, a practice he described as apt and a step in the right direction “because it allows for adherence to good corporate governance culture within organisations and institutions”.
The Chief Executive Officer of the GIPC, Mrs Mawuena Trebah, explained the the rationale for the theme saying “the emphasis on corporate governance is directed by GIPC’s understanding that the presence of strong corporate governance standards provides better access to capital and aids economic growth”.
She said properly redesigned rules of governance should focus on implementing the values of fairness, transparency, accountability and responsibility to both shareholders and statekholders.
Mrs Trabah said as the country continued to be positioned as Africa’s golden gateway for investors across the globe, the private sector operators would be encouraged to embrace internationally accepted practices and good corporate governance.
Source: Graphic Business
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