Business News of Friday, 21 July 2017
Under the distinguished patronage of the President of the Republic Ghana, His Excellency Nana Addo Dankwa Akufo-Addo, the Ghana Investment Promotion Centre (GIPC) today, launched the prestigious Ghana Club 100 (GC100) Awards at the Kempinski Gold Coast Hotel in Accra.
Put together under the able leadership of Mr Yofi Grant, the Chief Executive Officer of GIPC, this year’s event, which will mark the Sixteenth Edition of the highly anticipated awards ceremony is themed, ‘Industrialisation: A Tool for Job Creation and Accelerated Economic Development”.
The theme is in line with Government’s vision to use manufacturing through the one district, one factory initiative as an economic development and job creation tool. The GIPC also intends to use this year’s edition as a launch pad of promoting partnerships between Ghanaian manufacturers and their foreign counterparts and also showcase Ghana’s industrialization potential and its impact on employment creation and skills development.
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, team up with club members to enhance Ghana’s private sector development through strategic push and pull linkages, develop an open information culture within the corporate sector, provide incentives for improved corporate performance by recognizing the top 100 performing companies and develop uniform criteria for evaluating corporate performance.
The 16TH Edition of GC 100
Limited liability companies are encouraged to apply for the 16th edition of the GC 100 event. For companies with government interest, government shares should be less than 50%, unless it is listed on the stock exchange.
Companies are also requested to submit soft and hard copies of audited accounts for 2014, 2015 and 2016, 125 words soft copies of company profile and logo, and soft & hard copies of CEO’s passport size picture.
All entrants are to submit their application and documentation to the Chief Executive Officer of GIPC by Friday the 29th of September 2017 at 5pm.
Companies will be ranked by the ranking consultant, Ernest and Young (EY) based on three main criteria which includes size, growth and profitability with each assigned a unique weight.
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.
Discretionary awards which include UNICEF’s Coalition of Children’s Award (a Special Awards Category to be administered by UNICEF will be presented to the company with the most child friendly policies), Corporate Social Responsibility (CSR) award, and the GC 100 Company of the Future Award will also be given out.
Launching the GC 100 Awards, the CEO of GIPC, Mr Yofi Grant at the media launch of the GC 100 2016, lauded the continuous support of GIPC partners and sponsors for the award and urged all companies operating in the country to subscribe to the rankings.
“Join us to recognize and reward the best of the best in corporate Ghana”, he said.
For further information on the GC 100 Awards please contact:
Emmanuel Badger via [email protected], Charles Opoku Mensah via [email protected] or 0302-665125-9.
The Ghana Investment Promotion Centre (GIPC) is a Government agency, responsible under the GIPC Act, 2013 (Act 865): to encourage and promote investments in Ghana, to provide for the creation of an attractive incentive framework and a transparent, predictable and facilitating environment for investments in Ghana.