Project Description
GhCGP aims to build sustainable businesses and improve the business environment in Ghana through targeted CG services.
1: Firm-level: Provide direct assistance to selected firms. CG offer to firms include:
- CG Assessment and Development of Improvement
Plan
- Training on CG principles, practices and framework as well as benefits thereof
- Advisory on Board Committee functions
- Developing Board Charters
- Improving internal financial reporting and transparency procedures.
2: Market-level: Build
capacity
and strengthen CG intermediaries and market infrastructure through training-of-trainers events and other interventions to help training institutes, Local CG service providers and other market intermediaries (associations, investors, media, consultants)
increase
outreach to firms and become self-sustaining.
3: Policy-Level: IFC will work to support establishment of sound CG regulatory frameworks aligned with international best practice. IFC will work with regulators to develop a uniform CG code to
be utilized
across sectors, as well as promote the implementation of the existing CG code for listed firms. This could include working with SEC, Bank of Ghana and other entities that work on advancing laws, regulations, codes or CG score cards. Capacity
Building for the
Regulators will be a priority.
4: Macro-Level: In Ghana, generating awareness of CG is of great importance in order to build the case and momentum for changing practices and reforming the macro environment. Awareness raising activities
to trigger interest
and awareness, launch CG talks or introduction series in Ghana around mobilizing themes for the private sector such as the business case for CG, the independent director, related party transactions, conflict of interest etc. This will
involve disseminating
CG best practice materials, including using case studies developed from the work with firms to help demonstrate the impact of good CG practices in the region; and supporting a network of companies to promote good CG practices.