Tullow, Ramel, Multi-Pro top 2014 Ghana Club 100 rankings

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Oil and gas explorations giant, Tullow Ghana Ltd ranked number one at the fourteenth Ghana Club 100 awards held Thursday.

In second place is Ramel International Group, a giant leap from number 64 on the 2012 list. The multi-services firm provides travel and tours services, conference organization, airline ticketing among others.

Manufacturing firm, Multi-Pro Private Ltd ranks number three.

Chief Executive of Ramel, Amartey Nuno-Amarteifio attributed the leap of his company on the rankings to consistency and teamwork.

“We are going to continue to grow, we are going to continue to expand our franchise across Ghana, West Africa and the world,” said Nuno-Amerteifio.

The Ghana Club 100, spearheaded by the Ghana Investment Promotion Centre (GIPC), is an annual list of top 100 companies in Ghana. The first list was compiled in 1998 to recognise the best companies in the different sectors of Ghana’s economy. The awards also aims at encouraging competition and improve products and services.

This 2013/2014 event, held at the Banquet Hall of the State House, was on the theme “Impact Investments and Sustainable Economic Development”.

Chief Executive of GIPC, Mawuena Trebarh, said the theme highlights the Centre’s resolve to attract FDI’s that go beyond just financial returns, but create benefits for the society and environment.

“This kind of FDI has a positive impact on developing economies and is more likely to take precedence if companies place greater emphasis on social welfare, resource protection and pollution control from the outset of the rolling out of their various projects,” she said.

To be eligible for the Ghana Club 100 rankings, companies must be limited liability firms. Where companies have government interest, shared ownership should be less than 50% unless they are listed on local bourse.

Also, companies must have cumulative net profit for the last three consecutive years to be eligible for entry.

Ernst and Young, compilers of the 2013/2014 list base rankings on three main criteria -- size, profitability and growth of the companies.

Company size is given a weight of 40% while profitability and growth are weighted 30% each.

The overall score for each company was then determined by totaling the company’s weighted average for all three criteria.

Below is the list of companies that made it onto the rankings

RANKING	NAME OF COMPANY	SECTOR
1	Tullow Ghana Ltd.	Petroleum and Mining Services
2	Ramel Business Services Ltd.	Services
3	Multi-Pro Private Ltd.	Manufacturing
4	Dupong Rural Bank Ltd.	Rural Bank
5	Union Savings and Loans	Non-Bank Financial Institution
6	Zenith Bank Ghana Ltd.	Commercial bank
7	United Bank for Africa (UBA)	Commercial bank
8	Ghana Oil Company Ltd.	Petroleum and Mining Services
9	New Crystal Health Services Ltd.	Health Care
10	GCB Bank Ltd.	Commercial bank
11	Special Ice	Manufacturing
12	Total Petroleum Ghana Ltd.	Petroleum and Mining Services
13	Niche Cocoa Industry Ltd.	Manufacturing
14	Ecobank Ghana Ltd.	Commercial bank
15	Enterprise Life Insurance	Insurance Services
16	Amenfiman Rural Bank Ltd.	Rural Bank
17	Imperial Homes Ltd.	Services
18	Newmont Ghana Gold Ltd.	Petroleum and Mining Services
19	Cal Bank	Commercial bank
20	Standard Chartered Bank Ghana	Commercial bank
21	Stanbic Bank	Commercial bank
22	Goldfields Ghana Ltd.	Petroleum and Mining Services
23	Dalex Finance & Leasing Company Ltd.	Non-Bank Financial Institution
24	Fiaseman Rural Bank Ltd.	Rural Bank
25	Ivory Finance Company Ltd.	Non-Bank Financial Institution
26	Justmoh Conduction Ltd	Services
27	Unibank Ghana Ltd.	Commercial bank
28	City Investments Company Ltd.	Non-Bank Financial Institution
29	Atwima Kwanwoma Rural Bank	Rural Bank
30	HFC Bank	Commercial bank
31	Fidelity Bank Ghana Limited	Commercial bank
32	South Akim Rural Bank	Rural Bank
33	Accra Breweries Ltd.	Manufacturing
34	First Capital Plus Bank Ltd.	Commercial bank
35	Barclays Bank Ghana Limited	Commercial bank
36	Ghana Home Loans	Non-Bank Financial Institution
37	Kasapreko Company Ltd	Manufacturing
38	Adansi Rural Bank Ltd.	Rural Bank
39	Melcom Ltd.	Services
40	Strategic Communication Africa	Services
41	Land Tours (Ghana) Ltd.	Services
42	Jislah Financial Services Ltd.	Non-Bank Financial Institution
43	Amanse West Rural Bank Ltd	Rural Bank
44	Odotobri	Rural Bank
45	Toyota Ghana Ltd.	Services
46	Societe Generale Ghana	Commercial bank
47	Paradua Forex Bureau Ltd.	Non-Bank Financial Institution
48	Regency Alliance Insurance Ltd.	Insurance Services
49	Kwahu Rural Bank Ltd.	Rural Bank
50	Unilever Ghana Ltd.	Manufacturing
51	SIC Life Company	Insurance Services
52	Juaben Rural Bank Ltd.	Rural Bank
53	Access Bank (Ghana) Ltd.	Commercial bank
54	McDan Shipping Company Ltd.	Services
55	Air Liquide Ghana	Manufacturing
56	Guaranty Trust Bank	Commercial bank
57	Enterprise Insurance	Insurance Services
58	Manya Krobo Rural Bank	Rural Bank
59	UniCredit Ghana Ltd.	Non-Bank Financial Institution
60	Quality Life Assurance Company Ltd.	Insurance Services
61	Bsystems Ltd.	ICT
62	Equity Assurance Ltd.	Insurance Services
63	Kintampo Rural Bank Ltd.	Rural Bank
64	Akwapim Rural Bank	Rural Bank
65	Suma Rural	Rural Bank
66	Prudential Bank Ghana	Commercial bank
67	Best Western Premier Hotel	Services
68	First Allied Savings and Loans Ltd	Non-Bank Financial Institution
69	Kama Health Services Ltd	Health Care
70	Nwabiagya Rural Bank Ltd.	Rural Bank
71	Nsoatreman Rural Bank Ltd.	Rural Bank
72	Glico Life	Insurance Services
73	Bank of Baroda	Commercial Bank
74	Fan Milk Ltd.	Manufacturing
75	Anum Rural Bank Ltd	Rural Bank
76	Ahantaman Rural Bank	Rural Bank
77	Kaaseman Rural Bank Ltd.	Rural Bank
78	UT Bank	Commercial Bank
79	Bia-Torya Community Bank Ltd.	Rural Bank
80	Asante Akyem Rural Bank Ltd.	Rural Bank
81	DHL	Services
82	Kinapharma Ltd	Manufacturing
83	Star Assurance Company Ltd.	Insurance Services
84	Benso Oil Palm Plantation Ltd.	Agriculture and Agribusiness
85	EB-Accion Savings & Loans Co. Ltd.	Non-Bank Financial Institution
86	North Kaneshie Forex Bureau Ltd.	Non-Bank Financial Institution
87	M and G Pharmaceuticals Ltd	Manufacturing
88	Reiss & Company (Ghana) Ltd.	Agriculture and Agribusiness
89	Tropical Cable and Conductor Ltd.	Manufacturing
90	1st African Forex Bureau Ltd.	Non-Bank Financial Institution
91	Lower Pra Rural Bank Ltd.	Rural Bank
92	Guinness Ghana Breweries Ltd	Manufacturing
93	Atwima Mponua Rural Bank Ltd	Rural Bank
94	Atlantic and Pacific Forex Bureau Ltd.	Non-Bank Financial Institution
95	Intercom Programming & Manufacturing Co. (IPMC)	Education
96	Amanano Rural Bank	Rural Bank
97	Interplast Ltd.	Manufacturing
98	Camelot Ghana Ltd.	Manufacturing
99	Sahel Sahara Bank (BSIC)	Commercial Bank
100	Latex Foam Rubber Products Ltd.	Manufacturing

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