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Ghana Club 100 awards revived — Nominations open for applicants

BY: Graphic Business
One of the facilitators addressing the students

THE Ghana Investment Promotion Centre (GICP) has opened nominations for the Ghana Club 100 Awards.

This means that businesses and institutions can submit their entries to be considered for awards at the prestigious awards and dinner event.

A statement from the centre said the GIPC was calling on corporate Ghana to file for this year’s awards.

It said nominations were opened until September 23 and thus encouraged corporate institutions that want to take part in the awards to register their interest now to be considered.

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This year’s, the 19th edition, is a leading corporate initiative that highlights and promotes an open information culture within the Ghanaian corporate sector.

GIPC added that the event also provided incentives for improved performance, developed uniform criteria for evaluating this performance, and established an annual and current corporate sector analysis.

“There will be honours given to the top 100 enterprises, as well as the outstanding companies in strategic sectors, which include agriculture and agribusiness, financial services, ICT, infrastructure, petroleum, mining services, manufacturing, tourism, health and education.

“Special swards will also be given to exceptional corporate performers in other areas such as corporate social responsibility,” the statement said.

Eligibility

On the eligibility criteria, the statement said all entrants must be limited liability companies.

“For companies with government interest, the government ownership should be less than 50 per cent, unless the company is listed on the Ghana Stock Exchange.

“All entrants must have a cumulative net operating profit for the most recent three-year period (2019, 2020 2021),” it said.

Ranking

It explained that the awards ranked companies based on the following: size, growth and profitability

Participation requirements

It also said that businesses that wished to be considered for the prestigious awards were required to fill the application form via https://forms.office.com/r/tLe5Xg6Sih and follow the prompts.

Interested businesses could also physically submit their applications to the Chief Executive Officer (CEO) of GIPC.

It said all applications must contain the applicant’s audited financials for 2019, 2020 and 2021, a 2021 tax clearance certificate, the logo of the company, photo of the CEO, photo of corporate social responsibility (CSR) footprints, links to CSR reportage, short write-up of about 300 words on why the CEO is the best CEO and a one page company profile.

Entrepreneurship, start-up funding summit launched

The Political Science Students Association (POSA) of the University of Ghana, in collaboration with 1up Media, has launched an entrepreneurship summit that is scheduled to cover other tertiary schools in the country.

The programme, on the theme: “Growing sustainable business ideas, building resilient entrepreneurs”, had over 200 students and non-students in attendance.

At the launch, the Head of Department, Political Science of the University of Ghana, Dr Seidu Alidu, encouraged students to take advantage of the initiative and start a business before leaving campus.

According to him, that was because there were no ready jobs after completion, adding that: "Recent studies show that only 10 per cent of graduating students find a job after the first year when they leave school. So after all your hustle on campus from academics to research and all your efforts, when you don't get a job, things become tougher than when you were on campus.”

For his part, the Assistant Head, Artisan Directory, YEA, Wisdom Kwame Foli, explained to participants the opportunity available to young people under the YEA.

He emphasised the need for young people to get more creative and innovative as there were opportunities in entrepreneurship than the job market in current economic challenges.

Event background

The Start-up and Funding Summit seeks to identify, nurture and equip students and the youth in general who are passionate about building their lives through entrepreneurship and creativity.

The main event is slated for October 29, 2022 at the University of Ghana.

In November this year, the event will be held at the Kwame Nkrumah University of Science and Technology (KNUST) to give opportunity to the youth in the Ashanti Region. These will be phase one of the project.

The phase two kicks off in March 2023 with the intention to cover the whole country.

The CEO of 1up media, Ernest Dawuni, said "about 75 per cent of start-up businesses fail within the first three years. This means that many things need to go right for a business to succeed. Therefore, our vision is not just to encourage students to start a business, but to start well".

He added that the opportunities in starting a business in this current digital economy were enormous as one did not need a large office and equipment to start off aside from government support and plans to empower start-ups.