RLG Wins GIPC Club 100 Award

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The Ghana Investment Promotion Council (GIPC), has held its annual Ghana Club 100 awards programme.

The event which was held at the State Banquet Hall in Accra, was instituted to compile the top 100 best performing companies in the country.
Last Friday’s event which was themed “Promoting Good Corporate Governance and Innovative Entrepreneurship” had the nation’s mobile telecommunication and computer assembly firm RLG, receiving the topmost award.

In attendance was ex-President Jerry Rawlings as the Special Guest of Honour. Also present was Mr. P.V. Obeng, a Special Advisor to President John Mahama.

RLG, a subsidiary of Agam Group of Companies was second last year, having been named, one of the three fastest growing companies in Ghana. Produce Buying Company (PBC), which had won the top position consecutive times, dropped to fourth this year.

2012 Top Five companies were: RLG Communications (Ghana) Ltd, Goldfields Ghana, Enterprise Life Insurance Company, PBC Ltd and MacDan Shipping Company Limited.

The 13th edition had in stock Special Awards for outstanding business performers in selected categories, including Corporate Social Responsibility (CSR) and the most innovative company for the year.

Special awards were given to Kasapreko Company Limited (6th), SOFTtribe and HPW for innovation.

Goldfields Ghana Limited, was named the leading taxpayer; PBC Ltd was named leader in agric and agro-business; Amanfiman Rural Bank was named leader in rural bank; IPMC, leader in e-education; Goldfields Ghana Ltd, largest company in Ghana; and Multipro Company Limited named the best entrant.

According to organizers, emphasis on corporate governance is informed by GIPC’s understanding that the presence of strong governance standards provides better access to capital and aids economic growth.

Properly designed rules of governance should focus on implementing the values of fairness, transparency, accountability, and responsibility to both shareholders and stakeholders.

The evening witnessed a panel discussion on the topic “The Economic Integration of Africa-The role of the private sector” with Dr. Thomas Mensah –Chairman, Lightwave and Wireless Systems Corporation, USA, Mr. Brian Maxted, President and Chief Executive Officer (CEO), Kosmos Energy, Ghana. Mr. Paul Hinks, CEO Symbion Power LLC. USA.

Professor Yaw Nyarko, Professor of Economics, Co-Director of the Development Research Institute, Department of Economics – New York University USA.

The panel discussion was moderated by a BBC’s ace journalist, Komla Dumor, Senior Broadcaster with the BBC, United Kingdom.

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