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IFC and Institute of Directors-Ghana Encourage Sustainable Business Practices in Ghana


In Lagos:
Ejura Audu
Phone: +234 803 494 6244
E-mail: eaudu@ifc.org

In Washington (IFC):
Loty Salazar
Phone: +1-202-458-2559
Email: lsalazar@worldbank.org


Accra, Ghana. May 23-26, 2016 – 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.

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.  

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise and influence to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org

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About IoD Ghana
IoD is a professional organization committed to the professional practice of Corporate Directorship. Its vision is to champion director professionalism and development through good corporate governance for the benefit of organizations and stakeholders and for the prosperity of Ghana. IoD is committed to unlocking and recognizing member potential through provision of world class learning opportunities, knowledge sharing, networking, mentorship and promotion of world class standards in Corporate Governance (“CG”). It provides an array of services guaranteed to add value to the careers and work of professional directors. It also seeks to establish standards on the qualification and conduct of directors and the boards on which they serve. For more information, visit www.iodghana.com

About SECO
SECO is Switzerland’s competence center for all core issues relating to economic policy. SECO’s economic development cooperation strives to achieve sustainable growth. Such growth is sustainable if it creates jobs, helps to increase productivity, to reduce poverty, inequalities and global risks. For more information, visit www.seco-cooperation.ch.
IoD Ghana:
Justice Awuku-Sao
Phone:+233208112791
Email:iodghana@yahoo.com