Find Corporate expertise in Ghana

In 1998, the Ghana Investment Promotion Centre (GIPC) launched the Ghana Club 100 to recognise the best performing companies in Ghana. Leading corporations that made the list in 2010 included Produce Buying Company Limited (leader of the services sector), Auto Plaza Limited, Zenith Bank, Intercontinental Bank Ghana Ltd, Toyota Ghana Company Limited and the Enterprise Life Assurance Company Limited. Eligible companies are ranked on their size, profitability and growth, with the financial services sector dominating the top 20 ranked companies. Goldfields Ghana, a multi-national corporation with eight operating gold mines across the world, was judged to be the largest company in the country as well as the leader in the petroleum and mining sector. In 2011 its Tarkwa Gold Mine had 4,024 employees, with another 1,588 employed at the Damang Gold Mine. GC-net, which operates an electronic system for processing trade and customs documents, was found to be the most profitable company. WIENCO Ghana Ltd. was the leader of the agricultural and agri-business sector and Scancom Limited led the ICT field.

Amongst other leaders, Auto Plaza Ltd is one of the largest, most diversified and professional vehicle distributors in Ghana and has seen triple digit growth from year to year since it was created in 2004. Another major corporation is the Enterprise Life Assurance Company Limited (ELAC) which is Ghana’s leading provider of innovative and affordable life assurance products. ELAC distributes its products to over 300 companies, including many of the top 100 companies. The sole conglomerate listed on the Ghana Stock Exchange is Unilever Ghana Limited.

Ghana has a comparatively high intensity of local competition for a sub-Saharan nation. The World Economic Forum’s Global Competitiveness Report (2012-13) placed it 53rd out of 144 countries, below only Mauritius, South Africa and Senegal in relation to other African nations. It was given a score of 5.0 out of 7, with 7 indicating a country with intense competition in most industries. In relation to the extent of market dominance the country was valued at 3.7 out of 7, with a higher value indicating the spread of corporate activity amongst a greater number of firms. This placed it 77th out of 144, and slightly below the mean of 3.8. In terms of the degree to which anti-monopoly policy promotes competition, the country was given a value equivalent to the mean, with 4.0 out of 7, with 7 representing effective promotion of competition, placing it 73rd in the rankings. 

The Ghana Stock Exchange (GSE), located in Accra, is the country’s bourse. There are more than 35 companies listed and around 13 stock broking firms who are licensed to deal on the Exchange, all of whom serve non-residents. Ghana’s Stock Exchange was established in July 1989 and its inauguration and first trading day was on 12th November 1990. The aim of the Exchange is to provide the facilities and framework to the public for the purchase and sales of bonds, shares and securities. It also regulates the dealings of members with their clients and other members.