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IFC and Ghana’s ACCA Promote Improved Corporate Governance, Sustainability


In Lagos:
Ejura Audu

Phone: +234 803 494 6244

E-mail:
eaudu@ifc.org

In Washington:
Loty Salazar
Phone: +1-202-458-2559

Email:
lsalazar@worldbank.org


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 governance practices.

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 regulations.


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 growth.


“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).



About IFC

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.

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About ACCA

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

Rosalind.goates@accaglobal.com