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IFC, UGBS cooperate to improve business practices in Ghana


IFC, a member of the World Bank Group, is collaborating with the University of Ghana Business School (UGBS) to update its corporate governance program, helping students gain a better understanding of complex modern business issues.

Good corporate governance practices help improve business performance, strengthening the broader economy.

Under the partnership, IFC will help UGBS revise and implement its corporate governance syllabus. UGBS will provide oversight of the entire review process, working closely with other stakeholders.

Prof. Joshua Yindenaba Abor, Dean of the University of Ghana Business School said "Our vision is to become a world-class research intensive University with a strong focus on relevant business and policy research that update academia on current business developments and provide inputs that will shape the business world as well as policymaking. We believe this would lay a solid foundation for overall economic growth in Ghana and we are collaborating with IFC to achieve this".

Chinyere Almona, Head of IFC's Africa Corporate Governance Advisory Program, said, "IFC continually seeks ways to encourage institutions to adopt good corporate governance practices. We have learnt from experience that solid corporate governance helps businesses strengthen their performance and contribute to sustainable economic development. We are working with UGBS to update its corporate governance syllabus to make it more responsive to the realities and demands of today's market place".

IFC works with the private sector in developing countries to build sustainable businesses by putting in place corporate governance practices that allow businesses to mitigate risk, safeguard against mismanagement, and attract the investment and capital that will fuel their growth.

IFC's Africa Corporate Governance Program improves the performance of businesses by helping them adopt good corporate governance practices and standards that reflect regional priorities. The program is funded by the State Secretariat for Economic Affairs (SECO), Switzerland.


Source: World Bank

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