The Institute of Directors-Ghana (IoD-Gh), led by its President, Rockson Kwesi Dogbegah, on Tuesday, 22nd June 2021, paid a courtesy call on the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, and the Management of the Bank.
The visit was to commend the Bank for its significant role in promoting the culture of good corporate governance in Ghana and to seek mutually beneficial relationships between the Bank and the Institute.
In his remarks, the President of the Institute of Directors-Ghana, Mr Kwesi Dogbegah, eulogised the Governor of the Bank of Ghana, Dr Ernest Addison, for providing transformational leadership in reforming the financial services sector, which has led to a vibrant and resilient banking sector.
Speaking on the strategic projects of the IoD-Gh, Mr Dogbegah said the IoD-Gh is developing a charter aimed at setting standards for the practice of Corporate Governance in Ghana.
He indicated that the development of a National Governance Code was another key strategic project to be undertaken by the Institute.
He spoke about the Institute having established the ongoing annual Corporate Governance Excellence Awards; as part of its strategic efforts to celebrate the achievements of outstanding individual personalities and corporate organisations that have represented excellence in leadership, corporate governance, and have made significant contributions to the socioeconomic development of Ghana.
He added that the Institute working in collaboration with key stakeholders has championed the Ghana Association of Integrated Thinking and Reporting formation, which aims to stimulate a strategic and sustainable way of value creation and reporting by organisations.
The Governor of the Bank of Ghana stated that corporate governance plays an important role in the financial sector.
He identified corporate governance breaches, overbearing shareholder behaviour and related party transactional breaches as some of the factors that led to the failure of some banks in the financial sector and their consequent resolution.
He reiterated the need for the Ghanaian society to uphold good corporate governance practices and pledged the Bank’s support for the work of the Institute especially as events in the banking sector has a rippling effect on the Ghanaian economic sector.
The Institute of Directors-Ghana indicated that it was ready to execute a Memorandum of Understanding with the Bank to foster a sustainable relationship between the two entities.
Present with the President of the Institute of Directors-Ghana at the meeting were the Vice President, Rev. Angela Carmen Appiah, the CEO, Fred Aryeetey, and Belinda Dede Tandoh and Kwame Amoako, Esq., Council Members.
In the Governor’s team were the First Deputy Governor, Dr Maxwell Opoku-Afari, Second Deputy Governor, Elsie Addo Awadzi and The Bank’s Secretary, Sandra Thompson.
Latest Stories
-
Deloitte commissions 7th library at Hohoe as part of ‘WorldClass’ project
57 seconds -
Red Eye secures management deal with George Britton’s Revolve Muzic
46 mins -
3 persons arrested for causing disruption in voter registration exercise at Tepa
51 mins -
Journalists are not induced to frustrate the OSP – GJA President fires back
59 mins -
J. Derobie returns with ‘Firm After All’ EP
1 hour -
Samuel William Opoku-Agyakwa
1 hour -
I won’t protect your legacy of corruption, bankrupt economy – Mahama replies Akufo-Addo
1 hour -
Everyone safe after building collapses in Nairobi
1 hour -
Ariana Grande was carried in ‘asleep’ for Met Gala 2024 performance
1 hour -
Fuse ODG visits budding artiste Fred Kobby’s neighbourhood
1 hour -
South Africa poll agency rejects bid to remove Zuma from MK party
2 hours -
FocusnBlur Founder, Enoch Boateng honoured at 2023 Forty Under 40 Awards
2 hours -
WAFU B U-17 Championship: Black Starlets face Niger in pre-tournament friendly on Thursday
2 hours -
Africans urged to employ indigenous knowledge in evaluation practices
2 hours -
Duopoly of NPP, NDC destabilising Ghana’s progress – Alan Kyerematen
2 hours