Gov’t’s initiatives will reduce cost of doing business – Ofori-Atta

…as 55 businesses and individuals win at 2018 Accountancy and Finance Awards

Finance Minister Ken Ofori-Atta has said a series of government initiatives introduced over the past two years will help ease the cost of doing business in the country, and ultimately transform the economy.

In a speech read on his behalf at the 2018 Ghana Accountancy and Finance Awards at the Movenpick Ambassador Hotel, Mr. Ofori-Atta noted that initiatives such as the e-business registration system, paperless port clearance system, digital addressing system, mobile interoperability system and national identification system are aimed at economic transformation.

“Most of these initiatives will ultimately ease the cost of doing business in Ghana and generate greater efficiency. I wish to take this opportunity to advise businesses that they should take advantage of the various policies outlined by government to enhance economic growth,” he said.

A total of 48 business and seven individuals were honoured for their outstanding performances in finance and accountancy at the second edition of the Ghana Accountancy and Finance Awards, which is organised by Strategic Accountancy Africa.

The Ghana Accountancy and Finance Awards (GAF Awards) provide a platform to recognise individuals and companies that play a significant role in development of the accounting and finance sector, while recognising key functions within the industry which promote standards and excellent stewardship.

They primarily bring together players in the accounting and finance industry and recognises excellence in the accountancy and finance industry – cutting across industry, pensions and individual excellence. The award scheme has categories which cut across accountancy, finance, pensions, government agencies, insurance, taxation and financial institutions.

Mr. Ofori-Atta added that, over the years, there has been a steady growth in the economy of Ghana despite the difficult times; and this growth is fundamentally due to policies of government “and the resilience of outstanding businesses and individuals who are here with us this evening.

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“To sustain this growth, the government of Ghana is determined to exploit their strategic resources to propel its aggressive transformational agenda in the finance sector to ensure the investor confidence absolutely vital to transforming the economy,” he said.

He added that government is partnering with the private sector, which is seen as the engine of growth for development. “We are of the belief that creating a regulatory, innovative and competitive environment will motivate indigenous Ghanaian companies and entrepreneurs to add more value so as to make their products and services more competitive.”

Opportunity International Savings and Loans won the Customer Service and Savings and Loans Company of the Year awards; JPCann Associates won Management Consultancy Company of the Year and Training Company of the Year; GCNet won ICT Company of the Year and Innovative Tax Administration Company of the Year; and People’s Pension Trust won Best Corporate Trustee – informal Sector and Best Corporate Trustee in Education and Sensitisation.

Other award winners included: Activa International Insurance, Outstanding Customer Service Award – Insurance; Bayport Financial Services, Finance Company of the Year; Bidvest Microfinance, Customer Service Award – Microfinance; Bora Capital Advisors, Institutional Fund Manager of the Year; CH Business Consultancy, Business Advisory of the Year; Enterprise Trustee, Corporate Trustee of the Year; Cidan Investment, Pensions Fund Manager of the Year; Donewell Insurance Company, Insurance Brand of the Year; Glico Life, Accounts and Finance Team of the year – Insurance; and Ecobank, Accounts and Finance Team of the Year.

Joseph Ampofo-Enterprise Trustee, Corporate Trustees CEO of the Year; Fidelity Securities, Investment Fund of the Year; FirstBanc Financial Services, Investment Company of the Year; Frontline Capital Advisors, Investment Product of the Year; Glico Pensions, Accounts and Finance Team of the Year – Pensions; GoldCoast Trustees, Employer-Sponsored Scheme of the Year; Olam Ghana, Accounts and Finance Team of the year – FMCG; Interplast Ghana, Accounts and Finance Team of the year – Manufacturing; Kek Insurance Brokers, Corporate Lines Brokers of the year; and Laine Service, HR Organisation of the year.

Nationwide Medical Insurance, Health Insurance Company of the Year; Oak Insurance Brokers, Customer-centric Insurance Broker of the Year; Persol Systems, Software Development of the Year; Petra Trust, Master Trust Scheme of the Year; Petrosol, Accounts and Finance Team of the year – Oil and Gas; Rakes Company, Recruitment Company of the Year; SIC Insurance, General Insurer of the Year; SpearHead Network, Business IT Solutions Provider of the Year; Star Assurance, Insurance Company of the Year; StarLife Assurance, Life Insurance Company of the Year; and TF Financial Services, Finance Product of the Year.

Seth Obiri-United Pensions Trustees, Pension Scheme Administrator of the Year; Glico Insurance, Insurance Innovation Award; Vanguard Assurance, Claims Initiative of the Year; West Blue Consulting, Digital Finance Innovation Award; Jireh Microfinance Limited, Micro Loan Product of the Year; Petra Trust, Best Corporate Trustee in Customer Service; Queiroz Galvao, Accounts and Finance Team of the Year – Construction; Metropolitan Pension Trust, Outstanding Corporate Governance Award –Pensions; and United Pension Trustee, Pensions Innovation Award.

Under Special Recognition Patrick Akorli-CEO, Goil; Charlotte Lilly Baidoo-CEO, Women’s World Banking; Abiola Bawuah-MD, United Bank of Africa; Henry Oroh-MD, Zenith Bank; Percy Asare Ansah-CEO, Premier Health Insurance; Aretha Duku-MD, Ghana Union Assurance; and Dr. Dan Vincent Armooh-CEO, Acacia Health Insurance, were recognised for their contribution to finance and accountancy.

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