Weak corporate governance remains a key cause of business failure in Ghana, Mr Simon Madjie, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), has said.
Speaking at a lecture organised by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), he attributed the issue to years of poor oversight, unethical leadership, and flawed decision-making.
The lecture was on theme “Unlocking Business Resilience: How CIRA Empowers Companies to Recover from Distress and Thrive.”
Mr. Madjie noted that ambitious expansion without sufficient financial backing exposed businesses to reputational, market, and regulatory risks, often leading to…