IFC partners UGBS to enhance corporate governance syllabus

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is collaborating with the University of Ghana Business School to revise its corporate governance syllabus to help improve the performance of businesses.

A statement by the World Bank office in Accra said the University of Ghana Business School (UGBS) in collaboration with other stakeholders, will provide oversight of the review of its corporate governance programme, in order to help students better understand complex modern business issues.

The review is under IFC’s Africa Corporate Governance Programme which improves the performance of businesses by helping them adopt good corporate governance practices and standards that reflect regional priorities.

The Dean of the UGBS Prof Joshua Yindenaba Abor, was quoted as saying: “Our vision is to become a world-class research intensive university with a stong 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 Programme, 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.”

By Emmanuel Odonkor