President Nana Addo Dankwa Akufo-Addo has reaffirmed Ghana’s commitment to good corporate governance, emphasizing that transparency and accountability are essential for sustainable development and growth in the country.
During a meeting with the leadership of the African Peer Review Mechanism (APRM) at the Jubilee House in Accra, President Akufo-Addo highlighted the importance of corporate governance in the economic health and prosperity of the nation. The APRM, established in 2003 as a self-monitoring structure within the African Union (AU), aims to promote good governance and democracy in member states.
Ghana, along with Rwanda, was among the first two countries to undergo peer review by the APR Forum in 2006. Under the leadership of President Akufo-Addo, the nation recently hosted a review mission focusing on the theme “APRM as a Catalyst for the Implementation of the African Continental Free Trade Area.” The resulting report is scheduled for peer review in the latter half of 2024.
The President emphasized the importance of transparent rules and controls to guide leadership and align the interests of stakeholders. He noted that the APRM plays a crucial role in building trust with investors, the international community, and public officials, ultimately supporting long-term economic growth and financial stability.
Ambassador Marie-Antoinette Rose Quatre, the APRM Chief Executive Officer, updated the President on the upcoming National APRM Workshop, which will focus on developing and integrating the APRM National Plan of Action. This plan is based on Ghana’s long-term national development goals as outlined in the review report.
Ambassador Rose Quatre also discussed plans for the report’s peer review at an extraordinary summit of the APR Forum of Heads of State and Government in October and the establishment of an Africa Credit Rating Agency by the APRM. She commended Ghana’s longstanding commitment to the APRM process, which spans more than 20 years.
