The Deputy Finance Minister, Kweku Kwarteng, says government will continue to create a favorable environment for businesses to grow.

He said this at the 17th Edition of the Ghana Club 100 Awards night organised by the Ghana Investment Promotion Center, (GIPC) over the weekend.

The GC 100 was on the theme “Technology, Innovation, Entrepreneurship: Opportunities for Growth and Job Creation.”

Speaking on behalf of the President Nana Addo Dankwa Akufo-Addo, Mr. Kwarteng said, the theme for the occasion was apt as it resonated with the Government’s efforts to building the needed framework and infrastructure for growth and job creation.

“Our government is keen on developing the Ghanaian economy through the private sector, hence the introduction of initiatives to support the growth of industries and creating a friendly business environment.”

He said the Government was aligning itself to boosting the private sector and enhancing the image of Ghana as a destination for doing business, which was one of the focuses of the 2019 Budget.

“While we have a lot of work to do to fix our country and economy, we want to assure that the economic policies of the Government are anchored on a systemic path to a greater good for all of us. We will build on these to start the process of more fundamental reforms to pushing Ghana to a modern economy under the vision of Ghana Beyond Aid,” he said.

He cited reduced inflation rate, monetary rate and fiscal deficit as evidence of work government is doing to improve the economy.

Mr. Kwarteng commended the Chief Executive Officer of the GIPC, Yoofi Grant, and the staff for their relentless work to securing a significant Foreign Direct Investment into the country to boost the growth of domestic enterprises.

In his welcome address, Chief Executive of the Ghana Investment Promotion Centre(GIPC), Yofi Grant maintained that technology and innovation is the new frontier of businesses across the globe

“The benefits are many and multifaceted. The biggest companies in the world now are technology companies or companies who have technology and innovation at the heart of their operations.”

He pledged the Centre’s continuous engagement with the current top 100 companies and seek their support through mentorship to help grow the next generation of Ghana Club 100 companies.

Scancom Limited (MTN Ghana) was adjudged the Number One Company of the Year among the best 100 companies in Ghana by the 17th Edition of the Ghana Club 100 Awards.

The Company took the first place as the Largest Company in the country followed by Gold Fields Ghana Limited as the Second Largest Company with Ghana Oil Company Limited taking the third place.

MTN Ghana was also adjudged the Highest Taxpayer for the Discretionary Award Category.

Ghana Oil Company, GOIL came second with Goldfields Mining Company placing third.

Olam Ghana Limited was awarded the Ghana Club 100 Best New Entrant Company, who was also adjudged the Leader in Agriculture and Agribusiness with Yesli Ice Company, voted by participants through SMS, as the Company of the Future.


Below is the list of the winners:


1. Scancom Ghana Limited

2. Ghana Oil Company Limited

3. Gold Fields Ghana Limited

4. Kosmos Energy Ghana HC

5. Newmont Golden Ridge Limited

6. Glico Health Care Limited

7. Olam Ghana Company Limited

8. Newmont Ghana Gold Limited

9. Wilmar Africa Limited

10. Enterprise Trustees Limited

11. AngloGold Ashanti (Iduapriem) Limited

12. ASA Savings and Loans Limited

13. Total Petroleum Ghana Limited

14. IT Consortium Limited

15. GN Reinsurance Company Limited

16. McDan Shipping Company Limited

17. Ghana Rubber Estates Limited

18. Sefwiman Rural Bank Limited

19. Meridian Port Services Limited

20. Teksol Limited

21. Barclays Bank (Ghana) Limited

22. Acacia Health Insurance Limited

23. B5 Plus Limited

24. Sunon-Asogli Power Ghana Limited

25. Land Tours Ghana Limited

26. Cal Bank Limited

27. Microfin Rural Bank Limited

28. Reroy Cables Limited

29. StarLife Assurance Company Limited

30. Amenfiman Rural Bank Limited

31. Mumuadu Rural Bank Limited

32. Enterprise Life Assurance Company Limited

33. Melcom Limited

34. Toyota Ghana Limited

35. RegencyNem Insurance Ghana Limited

36. Nsia Insurance Company Limited

37. Fiaseman Rural Bank Limited

38. Sunu Assurance Ghana Limited

39. Fan Milk Limited

40. LeasAfric Ghana Limited

41. Upper Amenfi Rural Bank Limited

42. Standard Chartered Bank Ghana Limited

43. Nwabiagya Rural Bank Limited

44. Niche Cocoa Industry Limited

45. Tropical Cable and Conductor Limited

46. Zenith Bank (Ghana) Limited

47. Reiss & Co. (Ghana) Limited

48. Multipro Private Limited

49. Guaranty Trust Bank (Ghana) Limited

50. Bond Savings & Loans Limited

51. Societe Generale Ghana Limited

52. Asokore Rural Bank Limited

53. GHL Bank Limited

54. Stanbic Bank Ghana Limited

55. Ahantaman Rural Bank Limited

56. Fidelity Bank Ghana Limited

57. Bayport Savings and Loans Limited

58. Benso Oil Palm Plantation Limited

59. Manya Krobo Rural Bank Limited

60. Unilever Ghana Limited

61. Bosomtwe Rural Bank Limited

62. Amanano Rural Bank Limited

63. Ghana Community Network Services Limited

64. Otuasekan Rural Bank Limited

65. Glico Life Insurance Company Limited

66. Atwima Mponua Rural Bank Limited

67. Bank of Baroda Ghana Limited

68. Okomfo Anokye Rural Bank Limited

69. Abosso Goldfields Limited

70. Juaben Rural Bank Limited

71. First Atlantic Bank Limited

72. Phoenix Insurance Company Ghana Limited

73. Amansie West Rural Bank Limited

74. Builsa Community Bank Limited

75. KEK Insurance Brokers Limited

76. Sterling International Limited

77. Broll Ghana Limited

78. Blue Sky Products Ghana Limited

79. Kane-Em Industries Limited

80. Access Bank (Ghana) Limited

81. Izwe Savings and Loans

82. Latex Foam Rubber Products Limited

83. DHL Ghana Limited

84. Sahel Sahara Bank

85. Akuapem Rural Bank Limited

86. Imperial Homes Limited

87. Tobinco Pharmaceuticals Limited

88. Activa International Insurance Company (Gh) Limited

89. Kaaseman Rural Bank Limited

90. Papaye Fast Food Limited

91. Atwima Kwanwoma Rural Bank Limited

92. South Akim Rural Bank Limited

93. Kintampo Rural Bank Limited

94. Odotobri Rural Bank Limited

95. Kasapreko Company Limited

96. Vanguard Assurance Company Limited

97. Azar Chemical Industries Limited

98. Interplast Limited

99. SIC Insurance Company Limited

100. Japan Motors Trading Company Limited


Newsdesk report compiled by: Ruth Abla Adjorlolo

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