Audio By Carbonatix
The International Finance Corporation (IFC) and the Ghana Stock Exchange (GSE) have partnered to strengthen corporate governance of listed companies.
The partnership is to help the GSE become a more efficient and transparent regional platform for raising capital and supporting business growth.
As part of the agreement, IFC will help the GSE strengthen and reform listing rules, enhance disclosure and transparency requirements, and reinforce supervision practices by companies’ boards.
IFC and the GSE will also deliver a series of training programs to help local businesses strengthen their corporate governance practices and prepare them to raise capital on the stock exchange.
The Managing Director of GSE, Ekow Afedzie said, “The GSE is committed to instilling current global standards of corporate governance in Ghana’s companies. By doing so, we will inspire trust in both local and foreign investors and channel capital to productive use for the sustainable growth of our economy.”
IFC Country Manager for Ghana, Ronke Ogunsulire said, “IFC’s Corporate Governance Program supports not only the companies with which we work, but also governments and other institutions to create a conducive environment for the private sector to grow, raise financing, and create jobs to contribute to the development of their countries. We are pleased to be working with the Ghana Stock Exchange to support its important work making Ghana an even more attractive place for investors.”
IFC’s promotion of good corporate governance practices and standards helps firms attract and retain investment. Increased awareness of environmental and social risks, the role of businesses in society, and demands for more transparency and better-governed companies have made citizens, investors, and regulators more sensitive to corporate governance standards and practices.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ashanti: Police kill 3 suspected robbers during shootout at Anwiankwanta on Christmas Eve
3 minutes -
Why Ghana’s Constitution Review Committee’s Work Should Be Extended to Strategic Communication
7 minutes -
Prof. Prempeh defends lowering presidential age, cites Kufuor’s early leadership roles
24 minutes -
Presidential Age Limit: Unrestricted democracy could breed chaos – Prof. Agyeman-Duah warns
33 minutes -
MP Baffour Awuah advocates for legal framework on presidential continuity, not term extension
37 minutes -
Ghanaians entitled to propose constitutional changes – Charlotte Osei
41 minutes -
At 30, you lack the experience to be a President – Prof Agyeman-Duah
44 minutes -
One-year extension of presidential term unnecessary – Baffuor Awuah
50 minutes -
Sam George lauds coordinated crackdown on cybercrime in Tabora and Lashibi
55 minutes -
100 arrested in Accra’s Tabora in major Mobile Money fraud crackdown
59 minutes -
BOG put GH¢4.69bn into gold-for-oil, lost over GH¢2.1bn with no impact — Audits show
1 hour -
CRC opted for broader reforms over abolishing ex-gratia – Charlotte Osei
2 hours -
Mahama’s record shows four-year presidential term is sufficient – Inusah Fuseini
2 hours -
Four-year term enough for accountability – Inusah Fuseini
2 hours -
CRC Proposals: We were very mindful not to create problems while solving existing ones – Charlotte Osei
2 hours
