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Business News of Friday, 10 August 2018

Source: www.ghanaweb.com

GIPC launches 17th edition of Ghana Club 100 Awards

The Ghana Investment Promotion Centre (GIPC) has launched the 17th edition of the Ghana Club (GC) 100 Awards at the Kempinski Gold Coast Hotel in Accra, Friday, August 8 2018.

The annual award scheme which was established in 1998 to recognize the achievements of corporate institutions compiles top 100 highly performing companies from both public and private sectors and reward them for their contribution to the growth of the economy.

The theme for the award which is “Technology, Innovation and Entrepreneurship: Opportunities for growth and job creation” seeks to examine how technology and innovation can be used by corporates institutions and entrepreneurs to accelerate the growth of the Ghanaian economy and enhance the quality of jobs they create.

Speaking at the media launch of the awards, the CEO of GIPC, Yofi Grant indicated Ghana’s readiness to embrace the technological trends making waves within the business sector.

“Technology seems to be the basic drive for growth in today’s economy. And regardless which of the sector, there’s an underlying career tool of technology and I believe that Ghana is well positioned to embrace it for its own development,” he said.

He highlighted the objectives of the awards and spelt out the conditions a company must meet to gain the recognition of the award scheme.

“The main objectives of the awards are developing a database of the top 100 viable companies in Ghana. Utilize the club to gain government support and intervention to enhance the international competitiveness of the Ghanaian corporate sector. Develop an open information culture within the corporate sector ……”, he enumerated.

Yofi Grant listed the following as the criteria a company must meet to be declared eligible for the awards.

“All entrants must be limited liability companies. For companies with Government interest, Government share ownership should be less than 50 per cent, unless they are listed on the Ghana Stock exchange”.

This year’s event will highlight companies and present awards in the following strategic sectors - Best Company in Agriculture and Agribusiness, Financial Services, Information and Communication Technology, Services, Infrastructure, Petroleum and Mining Services, Manufacturing, Tourism, Health and Education.

The highly anticipated award will be held at the Kempinski Hotel on 23rd November 2018.

About GC 100

The GC100 event was first held in March 1998. The event remains one of the flagship programs of the GIPC.

It is aimed at introducing a system of ranking the top 100 companies in Ghana whilst encouraging and nurturing the private sector to develop and grow to compete internationally.

The objective is to develop a database of the top 100 viable companies, as an annual “who is who” on the Ghanaian corporate business calendar and through creative media vehicles and activities, promote Ghana’s corporate capacity.

It is also intended to utilize the club to gain government support and intervention to enhance the competitiveness of the Ghanaian corporate sector and team up with club members to enhance Ghana’s private sector development through strategic push.

It also pulls linkages, develops an open information culture within the corporate sector, provides incentives for improved corporate performance by recognizing the top 100 performing companies and develop uniform criteria for evaluating corporate performance.