Mr Yofi Grant (right), presenting the vehicle to the marketing manager of Dreams Ghana, winners of the Future Company award at the 2017 edition of the Club 100 awards.

17th Club 100 awards launched

Kester Aburam Korankye Business News Aug - 14 - 2018 , 10:37

The 17th edition of the Ghana Club 100 has been launched in Accra with a pledge by the Ghana Investment Promotion Centre (GIPC) to use the platform to attract more Foreign Direct Investments (FDIs) into the country.

To be held on the theme, “Technology, Innovation and Entrepreneurship: Opportunities For Growth and Job Creation”, the awards, which was established by the GIPC in 1998 to serve as a benchmark for corporate excellence, will identify the top 100 highly performing companies from both the public and private sectors for due recognition.

Govt support

The Chief Executive Officer (CEO) of the GIPC, Mr Yofi Grant, at the launch in Accra on August 10, said the theme was in line with government’s vision to leverage on technology and entrepreneurship to create jobs for the teeming unemployed in the country.

He said the GIPC intended to use the awards as a springboard to promote partnerships between Ghanaian businesses and their foreign counterparts and showcase the country’s industrialisation potential and its impact on employment and skills development.

Mr Grant said it was also intended to utilise the club to gain government’s support and intervention to enhance the competitiveness of the Ghanaian corporate sector.

It is also to develop an open information culture within the corporate sector, provide incentives for improved corporate performance by recognising the top 100 performing companies and develop uniform criteria for evaluating performance.

Eligible companies

Mr Grant explained that although only limited liability companies were encouraged to apply for a spot on the prestigious list, companies with government stake of less than 50 per cent and listed on the stock exchange were also eligible for the awards.

“Companies are also requested to submit soft and hard copies of audited accounts for 2015, 2016 and 2017, a 125- word soft copy of company profile and logo and soft and hard copies of the CEO’s passport size picture,” he said.

He said companies would be ranked by the ranking consultant, Ernest and Young (EY), based on three main criteria: size, growth and profitability.

This year’s awards include Best Company in Agriculture and Agribusiness, Financial Services, Information and Communication Technology, Services, Infrastructure, Petroleum and Mining, Manufacturing, Tourism, Health and Education.

The discretionary awards will include UNICEF’s Coalition of Children’s Award, Corporate Social Responsibility (CSR) Award, and the GC 100 Company of the Future Award.

Mr Grant lauded the continuous support of GIPC partners for the award and urged all companies to subscribe to it.

The 2018 edition of the awards 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.