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IFC and University of Ghana Business School Cooperate to Improve Business Practices in Ghana


In Accra:
Marie Chantal Zero
Phone: + 233-302-214609
E-mail: MZero@ifc.org

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

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 stakeholders.

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 place”.

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), 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 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.