Accra, Ghana. April 13, 2016 –
IFC, a member of the World Bank Group, is collaborating with the University
of Ghana Business School to update its corporate governance program, helping
students gain a better understanding of complex modern business issues.
Good corporate governance practices help improve business performance,
strengthening the broader economy.
Under the partnership, IFC will help
UGBS revise and implement its corporate governance syllabus. UGBS will
provide oversight of the entire review process, working closely with other
Prof. Joshua Yindenaba Abor, Dean of
the University of Ghana Business School said “Our vision is to become
a world-class research intensive University with a strong focus on relevant
business and policy research that update academia on current business developments
and provide inputs that will shape the business world as well as policymaking.
We believe this would lay a solid foundation for overall economic growth
in Ghana and we are collaborating with IFC to achieve this”.
Chinyere Almona, Head of IFC’s Africa
Corporate Governance Advisory Program, said, “IFC continually seeks ways
to encourage institutions to adopt good corporate governance practices.
We have learnt from experience that solid corporate governance helps businesses
strengthen their performance and contribute to sustainable economic development.
We are working with UGBS to update its corporate governance syllabus to
make it more responsive to the realities and demands of today’s market
IFC works with the private sector in
developing countries to build sustainable businesses by putting in place
corporate governance practices that allow businesses to mitigate risk,
safeguard against mismanagement, and attract the investment and capital
that will fuel their growth.
IFC’s Africa Corporate Governance Program
improves the performance of businesses by helping them adopt good corporate
governance practices and standards that reflect regional priorities. The
program is funded by the State Secretariat for Economic Affairs (SECO),
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
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.