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By Issah Mohammed\u00a0<\/p>\n
Accra, Oct 16, GNA \u2013 The Ghana Club 100 Awards returned after a two-year break with eight newcomers making it to the top 20 of the 100 highly ranked companies in Ghana.\u00a0<\/p>\n
They are Zeepay Ghana Limited, which was ranked 1st, Multipro Private Ltd. in 3rd place, Amanex Co.Ltd. ranked 7th and Express IDS Consult Agency Limited ranked 8th.\u00a0<\/p>\n
Other entrants in top 20 are Nestle Ghana Limited ranked 13th, Sage Distribution Limited ranked 16th, Abosso Goldfields Limited, and Benso Oil Palm Plantation Plc occupying the 19th and 20th position respectively of the award.\u00a0<\/p>\n
In all, there were 43 newcomers on this year\u2019s list of awardees who missed out on the 18th edition of the awards.\u00a0\u00a0<\/p>\n
Companies whose ranking improved from previous edition included GBC Plc and Maphlix Trust Ghana Limited who both respectively moved from 16th to 10th and 27th to 6th position this year.\u00a0\u00a0<\/p>\n
On the Other hand, Scancom Plc moved from the top position in previous edition to occupy the 5th position this year while GOIL Plc moved from 3rd position to 61st position in the 19th edition of the awards.\u00a0<\/p>\n
This year\u2019s awards which was hosted by the Ghana Investment Promotion Centre (GIPC) to promote good corporate governance and work ethics was held under the theme, \u201cGhana\u2019s Private Sector, A Catalyst for Post Pandemic Economic Transformation.\u201d\u00a0<\/p>\n
Mr Yaw Osafo-Marfo, Senior Presidential Advisor, who spoke on behalf of the President, Nana Addo Dankwa Akufo-Addo, as a Special Guest of Honour, commended the private sector for thriving amid economic hardship induced by the COVID-19 pandemic and the Russia-Ukraine war.\u00a0<\/p>\n
\u201cIt is important to recognise the difficulties our economy is facing. The depreciating cedi, the surging inflation, high interest rate and increasing utility tariff are taking a toll on businesses.\u00a0\u00a0<\/p>\n
\u201cGovernment is not oblivious of your challenges and is working hard to stem the tides of this macro-economic difficulties, \u201d he said.\u00a0\u00a0<\/p>\n
Mr Osafo-Marfo said the private sector remained the biggest stakeholder and catalyst in turning around the fortunes of the country and for that matter the Government was focused on rebuilding the economy on the back of the private sector.\u00a0<\/p>\n
Mr Yofi Grant, Chief Executive Officer of GIPC said through initiatives such as the GIPC\u2019s countrywide Regional Sensitization Tour (RST), organised with support from the World Bank, the Centre was reaching out to private businesses to capture investment opportunities across various sectors in the country.\u00a0<\/p>\n
\u201cThe private sector, the most important contributor to GDP and employment in the Ghanaian economy, has been resilient and indeed is the engine of Ghana\u2019s post pandemic recovery.\u00a0<\/p>\n
\u201cIt behooves on us all, to accelerate that recovery with the innovations and the interventions that have been implemented thus far, \u201d he said.\u00a0<\/p>\n
Companies under the Club 100 Awards are divided into 13 categories across broad sectors of agriculture, industry, and services economy.\u00a0<\/p>\n
Those who applied to be ranked for the awards undergo an eligibility analysis, which required a company to be a limited liability company, privately owned with government interest not less than 50 per cent or must be listed on stock exchange market.\u00a0<\/p>\n
The company must also have a cumulative operating profit and should be tax compliant.\u00a0\u00a0<\/p>\n
Qualified entities are then ranked based on size and profitability, growth, and Corporate Social Responsibility.\u00a0\u00a0<\/p>\n
GNA\u00a0<\/p>\n