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In Ghana IFC and Institute of Directors-Ghana encourage sustainable business practices

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IFC, a member of the World Bank Group, and the Institute of Directors- Ghana (IoD-G), this week are gathering professionals from a wide range of businesses to help strengthen business practices by adapting good corporate governance.

The goal is to boost productivity among Ghanaian businesses and help grow the economy.  IFC and IoD-G are co-organizing an event in Accra to increase the number of trainers equipped with the capacity to effectively transfer knowledge of corporate governance practices. The initiative will improve business operations by building greater market knowledge on how to achieve sustainable value creation and growth. About 14 trainers from seven institutions are attending the event.

Fred Ofosu Darko, President of IoD-Ghana, said, “IoD-G is demonstrating its commitment to improve the use of corporate directors in a way that supports business growth and productivity. Together with IFC, we are creating a pool of trainers that will boost the adoption of corporate governance best practices in a wide range of companies and support growth in the economy.

IoD-G has been working in partnership with IFC since October 2015 to help encourage companies adopt and institute good corporate governance practices in Ghana.

Adopting good corporate governance provides companies with the tools needed to respond to stakeholder concerns.

play The program is funded by the State Secretariat for Economic Affairs (SECO), Switzerland. 

 

Ronke-Amoni Ogunsulire, IFC Country Manager for Ghana, said, “One of our key focus areas is to help Ghanaian businesses grow. Corporate governance is an important tool that can help move them to a different level; for example, adopting corporate governance practices can help companies attract a more diverse pool of investors to grow their businesses. We are pleased to work with IoD-G to build a database of trainer resources to help more businesses understand and use these tools.”

IFC’s Africa Corporate Governance Program improves the performance of businesses by helping them adopt good corporate governance practices and standards that are adapted to regional priorities. The program is funded by the State Secretariat for Economic Affairs (SECO), Switzerland. 

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