A Review of the Nigerian Energy Industry

IFC & Ghana’s Acca promote improved corporate governance, sustainability

International Finance Corporation, IFC
International Finance Corporation, IFC

01 March 2015, Washington, DC — 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).

*International Finance Corporation (IFC)

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