Accra, Ghana. February 25, 2016 –
IFC, a member of the World Bank Group, and the Association of Chartered
Certified Accountants, Ghana’s global professional accounting body, are
promoting growth of sustainable businesses through good corporate governance
practices. The adoption of improved practices helps strengthen private
sector and growth in Ghana’s economy.
IFC and ACCA have been working together since
2014 to improve business performance in Ghana. As part of planned activities,
both institutions hosted about 100 stakeholders, including regulators,
policymakers, accounting professionals and business leaders to the second
Corporate Governance Dialogues conference this week.
Norman Williams, ACCA Portfolio Head, East
and West Africa, said: “ACCA remains committed to helping businesses improve
performance through good corporate governance practices that will boost
their capacity to attract more capital and increase their profitability.
Together with IFC, we are facilitating the adoption of these practices
that will help grow businesses and the economy”.
Chinyere Almona, IFC Head of Africa Corporate
Governance Advisory Program, said, “IFC has learned from its global experience
corporate governance helps companies operate more efficiently, gain access
to capital, mitigate risk,
and safeguard against mismanagement. This conference jointly organized
with ACCA has helped IFC reinforce its commitment to support economic growth
by sensitizing Ghanaian companies to build and strengthen sustainable operations
through good corporate governance practices.
IFC Africa’s Corporate Governance program
aims to improve the performance of businesses by helping them adopt good
corporate governance practices and standards that are adapted to regional
The conference was facilitated by Sunita
Kikeri, Program Manager for Corporate Governance in the Finance and Markets
Global Practice of the World Bank, Andrew Akoto, Partner at KPMG, and Kofi
Abotsi, Legal Practitioner, Dean, GIMPA School of Law. Participants discussed
ways businesses can enhance transparency and accountability in corporate
governance and how they can strengthen the legal and regulatory framework
of Corporate Governance in Ghana.
The IFC Africa Corporate Governance program
is funded by the State Secretariat for Economic Affairs (SECO), Switzerland.
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
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
About ACCA Ghana
The Association of Chartered Certified Accountants
(ACCA) is the global body for professional accountants with over 428,000
trainees and 162,000 qualified members in 170 countries. We help the world’s
employers to grow their businesses by enabling them to develop the finance
leaders of today and tomorrow in all business sectors through our network
of 80 offices and centers worldwide. For more information, visit www.accaglobal.com