Newmont Ghana Wins Topmost Award

Newmont Golden Ridge Ghana Limited has emerged Ghana’s topmost company for 2016 in the 16th edition of the Ghana Club 100 Awards.

The mining giant beat MTN Ghana Limited and GOIL, which placed second and third respectively, to win the coveted award for the second time running.

A total of 100 businesses in Ghana from diverse sectors like construction, manufacturing, finance and banking, were honoured at the awards ceremony held at the Kempinski Hotel in Accra on Thursday under the theme, ‘Industrialization – A tool for job creation and accelerated economic development.’

The companies were ranked on three criteria namely size, profitability and growth.

Occupying the 4th, 5th, 6th, 7th, 8th and 9th positions respectively were: Gold Fields Ghana Limited, Vivo Energy Ghana Limited, Multipro Private Limited, the most profitable company for the year, Nordea Capital Limited, Justmoh Construction Limited and Total Petroleum Ghana Limited; while the Fastest Growing Company of the Year Award went to Fan Milk Ghana Limited.

The GC 100 awards, an initiative of the Ghana Investment Promotion Centre (GIPC), seeks to celebrate companies that are improving their profitability ratio, growth and size.

Several rural banks, namely Akim Bosome Rural Bank and Kaaseman Rural Bank, which occupied the 50th and 70th positions, respectively, were honoured at the event.

MTN was also adjudged UNICEF Most Child Friendly Business of the Year under the Discretionary Category.

Nordea Capital Limited was adjudged the Best New Entrant of the year, with the Company of the Future Award going to Dream Consult and Supplies Limited.

uniBank was adjudged the best corporate social responsibility company of the year.

In his welcome remarks, Chief Executive Officer (CEO) of GIPC, Yofi Grant, explained that the award scheme was put together to reward companies that were making efforts to build successful businesses.

Touching on the outlook of the business landscape in Ghana, he said the confidence of business had been restored in the Ghanaian economy, which witnessed massive decline before the coming into office of President Akufo-Addo.

“Since the beginning of the year, we have seen some significant transformation and realignment of the economy. There has been a sudden surge of business confidence,” he said.

President Akufo-Addo, in a statement read on his behalf by the Senior Minister, Yaw Osafo Maafo, congratulated the various awardees and urged the private sector to promote government’s industrialization agenda while government concentrates on providing an enabling environment for private businesses to thrive.

By Melvin Tarlue