Newmont Golden Ridge, Goil top Ghana Club 100 rankings

Newmont Golden Ridge Limited has been adjudged the best company in the fifteenth edition of the Ghana Club 100 awards organized by the Ghana Investment Promotion Center(GIPC).

The company was followed by indigenous oil marketing company, Goil.

Golden Star Resources, Total Petroleum Ghana and Ecobank Ghana followed in the third, fourth and fifth positions respectively.

uniBank was adjudged the sixth best company, whiles Zenith bank came seventh.

Other companies followed to the hundredth position .

Delivering a welcome address, the Chief Executive Officer of the GIPC, Mrs. Mawuena Trebarh stated that this year's edition focused on ways to expand Ghana's manufacturing sector.

According to her, Ghana’s manufacturing sector holds the key to expanding the economy through export.

“The theme for this year, ‘Manufacturing, Steering Ghana's Development’, could not have been more appropriate giving that the country is in an era where government focused is on leveraging investment in manufacturing,” she said.

She stated that the focus of manufacturing is part of a broader import substitution strategy to grow the economy.

She pointed out that, the GIPC as the lead investment promotion agency in the country has over the few years prioritize the manufacturing sector as  major opportunity area for both local and foreign companies.

“In that respect this, the GIPC ACT 865 of 2013 makes provision for special incentives for manufacturing entities,” she said.

She explained that the manufacturing sector holds an important role in linking all economic activities in the country to stimulate growth and create jobs.

Citing some achievements made by Ghanaian indigenous manufacturers in creating jobs, Mrs. Trebarh  announced that there are many Small and Medium Enterprises(SMEs) in all the ten regions manufacturing products for export into the West Africa region.

“This is what the Ghana Club 100 shows to the world. Since it started, it has become the most prestigious awards ceremony in the country,” she said.

President John Mahama was the Special Guest at the ceremony.

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By: Lawrence Segbefia/citibusinessnews.com/Ghana