Accra, Ghana. February 25, 2015 – IFC,
a member of the World Bank Group, and the Association of Chartered Certified
Accountants, Ghana’s global professional accounting body, are promoting
improved corporate governance practices in Ghana to help build more sustainable
businesses in the country and strengthen private sector growth.
IFC and the ACCA jointly hosted key stakeholders, including regulators,
policymakers, accounting professionals and business leaders, at the Corporate
Governance Dialogues conference, the first
in a series of CG dialogues, where they
discussed ways Ghanaian companies can adopt and apply effective corporate
Topics discussed included: an overview of corporate governance and the
role of the finance professional; a business case for corporate governance;
the Ghanaian perspective, and recent developments in corporate governance
Jamil Ampomah, ACCA Director, Sub-Saharan Africa, said: “This conference
and our three year partnership with IFC to promote and develop good corporate
governance in Ghana is important because evidence suggests that well-governed
companies perform better, earn higher investor confidence, and record higher
“Finance professionals play a critical role in developing good corporate
governance, which is why ACCA has launched a Good Governance Globally campaign
in key countries around the world including Ghana. This will focus on building
two crucial pillars of strong corporate governance – a robust framework
made up of clear and complete codes, regulations and laws, and a culture
that supports this, and we look forward to developing this campaign in
the coming months,” Jamil continued.
Chinyere Almona, Head, Africa Corporate Governance Program for IFC, said,
“IFC helps businesses establish effective corporate governance practices
that enhance competitiveness, efficiency, and profitability, and enable
companies to grow sustainably while attracting investments. Partnering
with ACCA, we will work with companies to implement corporate governance
practices that will boost economic growth and development in Ghana.”
IFC works with companies to help them adapt good corporate governance practices,
which contribute to their sustainable economic development. The Africa
Corporate Governance Program for IFC is funded by Switzerland’s State
Secretariat for Economic Affairs (SECO).
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org.
ACCA (the Association of Chartered Certified Accountants) is the global
body for professional accountants. It offers business-relevant, first-choice
qualifications to people of application, ability and ambition around the
world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 170,000 members and 436,000 students in
180 countries, helping them to develop successful careers in accounting
and business, with the skills required by employers. ACCA works through
a network of 91 offices and centres and more than 8,500 Approved
Employers worldwide, who provide high standards of employee learning and
development. Through its public interest remit, ACCA promotes appropriate
regulation of accounting and conduct relevant research to ensure accountancy
continues to grow in reputation and influence.
Founded in 1904, ACCA has consistently held unique core values: opportunity,
diversity, innovation, integrity and accountability. It believes that accountants
bring value to economies in all stages of development and seek to develop
capacity in the profession and encourage the adoption of global standards.
ACCA’s core values are aligned to the needs of employers in all sectors
and it ensures that through its range of qualifications, it prepares accountants
for business. ACCA seeks to open up the profession to people of all backgrounds
and remove artificial barriers, innovating its qualifications and delivery
to meet the diverse needs of trainee professionals and their employers.
More information is here: www.accaglobal.com
For more information, please contact:
Rosalind Goates, ACCA UK Newsroom
+ 44 (0)20 7059 5788
+44 (0) 7540 919 819