Businesses encouraged to prioritize corporate governance for economic growth

The Chief Executive Officer (CEO) of ASKIA Immigration Consulting Services, Mrs. Marie Keita Amarteifio, has urged businesses in Ghana to make corporate governance a top priority to support sustainable economic growth. She emphasized this during an interview with Citi Business at the 4th CEO’s Connect event, organized by the Canada-Ghana Chamber of Commerce, in Accra on Thursday, August 15.

Mrs. Amarteifio highlighted the vital importance of corporate governance in promoting transparency, accountability, and ethical business practices. She pointed out that companies adhering to strong governance principles not only enhance their reputation and credibility but also become more attractive to both local and international investors. “Corporate governance is not just a buzzword; it is the backbone of any successful business,” she asserted, adding that companies with sound governance are better equipped to manage risks, make informed decisions, and build trust with stakeholders, ultimately driving economic growth and fostering a favorable environment for investment and job creation.

She also warned that businesses, particularly in a rapidly changing global economy, risk falling behind if they fail to establish robust governance structures. Mrs. Amarteifio encouraged Ghanaian companies, especially small and medium-sized enterprises (SMEs), to see corporate governance as a crucial part of their operations rather than an optional practice. “The growth of our local economy depends on the strength of our businesses. By embracing corporate governance, companies can ensure long-term success and contribute significantly to the nation’s economic development,” she added.

The 4th CEO’s Connect event served as a platform for leaders across various sectors to discuss joint ventures and their role in business sustainability. It also provided valuable opportunities for networking and knowledge sharing, with participants exploring ways to improve governance practices within their organizations.