Kamil Sanah, GNA
Accra, Aug. 10, GNA - The Ghana Investment Promotion Centre (GIPC) on Friday launched the 2018 edition of the Ghana Club 100 (GC100) Awards.
The awards to be held under the theme: “Technology, Innovation & Entrepreneurship: Opportunities for Growth and Job Creation”, seeks to explore how technology and innovation can be used as a platform by companies and entrepreneurs to facilitate growth of the Ghanaian economy and enhance the quality of the jobs.
It also seeks to highlight the opportunities available to both SMEs and large companies that leverage these tools as enablers to build their brands and increase their returns.
The eligibility criteria for the 2018 event states that all entrants be limited liability companies, companies with government interest and share ownership of less than 50 per cent unless listed on the Ghana Stock Exchange.
The requirements for participation also include the company’s audited accounts for the year 2015, 2016 and 2017, a-125 word company profile and logo and a passport size photograph of the company’s CEO.
The deadline for submission is Friday October 26, 2018.
Mr Yoofi Grant, Chief Executive Officer of GIPC, said the critical role played by the private sector in Ghana’s economy cannot be discounted and that government cherished the fact that many of the players in the sector on yearly basis are prepared to subject their companies to these ranking.
He said the objectives of the awards are to develop an annual 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 and team up with club members to enhance Ghana’s private sector development through strategic push and pull linkages.
“It is also to develop an open information culture within the corporate sector, provide incentives for improved corporate performance and develop uniform criteria for evaluating corporate performance”.
The CEO said EY, formerly Ernst and Young, is the ranking consultants for the awards.
He said the awards will be given to the top 100 companies in the areas of Agriculture and Agribusiness, Financial Services, Information and Communication Technology, Services, Infrastructure, Petroleum and Mining Services, Manufacturing, Tourism, Health and Education.
“There will also be Special Awards for outstanding business performance in categories of Corporate Social Responsibility and highest tax paying company.
Mr Grant said the GIPC is aware of the recent challenges within corporate Ghana, especially in the banking sector.
He said whilst the root of these challenges are outside the scope of the criteria for assessing companies for the GC100, the GIPC has decided to have a second level of assessment for ranked companies.
“Starting with the 17th Edition, GIPC will work much more closely with sector specific regulatory agencies to confirm that ranked companies meet their statutory obligations before those companies are ranked”.
Mr Daniel Ababio, EY Manager, Advisory Services, took the participants through some of the criteria processes.
He said Size, Profitability and Growth were some of the major issues taken into consideration when ranking the companies for the awards.
Present at the launch were officials from the GIPC, the private sector and industry players.
Since its inception in March 1998, the Ghana Club 100 Awards has grown in stature and brand, and has now become the most anticipated awards event on the Ghanaian Corporate calendar.
The 2018 edition is scheduled to take place at the Kempinski Hotel on November 23.
Meanwhile, the GIPC also presented a pick-up vehicle, sponsored by Kantanka Automobile, to Dreams Ghana, a food processing company, which was adjudged the future company for 2017.