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Tackling Gender Imbalance in Leadership: Insights from Ghana's Club 100 [2023]

Introduction

The recent edition of Ghana's Club 100 (2023) , an annual ranking managed by the Ghana Investment Promotion Centre (GIPC), has highlighted a significant gender imbalance in corporate leadership. With a stark predominance of male leaders, the need for strategic initiatives to enhance female representation at the highest levels of business is more pressing than ever. This article examines the gender dynamics within these top companies and proposes effective strategies to address this imbalance.


Analyzing the Gender Landscape in Ghana's Club 100


Gender Analysis of Corporate Leaders in Ghana's Club 100
Gender Analysis of Corporate Leaders in Ghana's Club 100


Below are details of Corporate Leaders in Ghana's Club 100 - 2023. [Updated: April 2024]


S/N

Company Name

CEO/MD/GM

Gender

1

Newmont Ghana Gold Ltd - Ahafo South Mine

Alex Kofi Annin

Male

2

Scancom Plc (Mtn Ghana)

Stephen Blewett

Male

3

Amanex Company Ltd

Eric Amanquanor

Male

4

Gold Fields Ghana Limited

Joshua Mortoti

Male

5

Newmont Golden Ridge Ltd (Akyem)

Charles Bissue

Male

6

Anglogold Ashanti Iduapriem Mine

Samuel Boakye Pobee

Male

7

Dansworld International Services Limited

Bernard Danso Ntow

Male

8

Abosso Goldfields Limited

Clinton Johnson

Male

9

Benso Oil Palm Plantation Plc

Santosh Pillai

Male

10

FBNBank Ghana Limited

Victor Yaw Asante

Male

11

KGL Technology Limited

Kenneth Out Mpare

Male

12

Melcom Limited

Mahesh Melwani

Male

13

Zeepay Ghana Limited

Andrew Takyi-Appiah

Male

14

Ghana Oil Palm Development Ltd

Shetty Gangadhar

Male

15

Sage Distribution Limited

Emmanuel Egyei-Mensah

Male

16

Total Energies Marketing Ghana Plc

Olufemi Babajide

Male

17

Enterprise Trustees

Joseph Ampofo

Male

18

IT Consortium Ltd

Romeo Bugyei

Male

19

Sunon Asogli Power Ghana Limited Company

Yang Qun

Male

20

Ecobank

Abena Osei-Poku

Female

21

Express Ids Consult Agency

Ivy Atta Ansah

Female

22

Maphlix Trust Ghana Ltd

Felix Mawuli Kamassah

Male

23

Polytank

Rajiv Kumar

Male

24

Robert Bosch Ghana Limited

Ayobami Ogunyele

Male

25

Asa Savings And Loans Limited

Md. Aourongjeb

Male

26

Neuce Ghana Paints Industry Limited

Jonathan Costa

Male

27

B5 Plus Ltd

Mukesh V. Thakwani

Male

28

Broll Ghana Limited

Tony Sekyere

Male

29

Rainbow Agrosciences Ltd

David Ansong

Male

30

New Crystal Health Services Ltd

Dr. Wisdom Amegbletor

Male

31

GCB Bank Plc

John Kofi Adomakoh

Male

32

Atlantic Catering And Logistics Ltd

Maud Lindsay-Gamrat

Female

33

Federated Commodities Ltd (Fedco)

Hajia Maria Adamu-Zibo

Female

34

Kek Insurance Brokers Ltd

Shaibu Ali

Male

35

VFS Ghana Private Limited

Vivek Anandh

Male

36

Alpha Tnd Ltd

Pankaj Bhati

Male

37

Fidelity Bank Ghana Ltd

Julian Opuni

Male

38

Buck Press Ltd

Eric Kofi Buckman

Male

39

ABSA Bank

Adolph Kpegah

Male

40

Kwahu Praso Rural Bank

Mrs. Lucy Opoku-Arthur

Female

41

First Atlantic Bank

Odun Odunfa

Male

42

Guaranty Trust Bank

Segun Agbaje

Male

43

Sunu Assurances Ghana Limited

Mathieu N’Katta

Male

44

Imperial General Assurance Company Limited

Harry E.B. Ofori-Attah

Male

45

Fiaseman Rural Bank Plc

Mr. Godfred Frank Opoku

Male

46

Crop Doctor Ghana Limited

Rahul Gopinath

Male

47

Starlife Assurance Limited Company

Boatemaa Kakra Duffuor-Nyarko

Female

48

Engen Ghana Limited

Brent Nartey

Male

49

Amenfiman Rural Bank Plc

Alexander Asmah 

Male

50

Ahantaman Rural Bank

Benjamin Afful-Eshun Jnr.

Male

51

M&G Pharmaceuticals Limited

Gopal Vasu 

Male

52

Enterprise Life

Jacqueline Benyi

Female

53

Guinness Ghana Breweries Plc

Felicite Nson

Female

54

Glico General

Edward Forkuo Kyei

Male

55

Standard Chartered

Mansa Nettey

Female

56

Activa Int. Insurance Co Gh Ltd

Benjamin Yamoah

Male

57

Swami India Ghana Ltd

Kantilal Lakman Hirani

Male

58

Zenith Bank (Ghana) Limited

Henry Chinedu Onwuzurigbo

Male

59

Acacia Health Insurance

Dan Vincent Armooh

Male

60

Juaben Rural Bank Ltd

Augustine Awere Damoah

Male

61

Okomfo Anokye Rural Bank Plc

Paul Kwabena Oduro

Male

62

Mepe Area Rural Bank Limited

Osei Hyeaman

Male

63

United Bank For Africa (Ghana), Ltd

Uzoechina Molokwu

Male

64

Letshego Ghana Savings And Loans

Nii Amankra Tetteh

Male

65

Quantum Terminals Plc

Emmanuel Egyei-Mensah

Male

66

U-Save Car Rental Ltd (Avis Rent A Car)

Mona Boyd 

Female

67

Sefwiman Rural Bank Plc

Richard Kwame Adjei

Male

68

Societe Generale Ghana

Hakim Ouzzani

Male

69

Advans Ghana Savings and Loans Ltd

Olivier Bailly-Béchet

Male

70

De United Foods Industries (Gh) Limited

Mr. Mahesh Shah

Male

71

Glico Healthcare

Maame Afriyie Boachie

Female

72

Ghana Rubber Estates Limited

Thierry Cauchy

Male

73

Kasapreko

Kwabena Adjei

Male

74

Papaye Fast Foods Ltd

Divine Kwadwo Asiedu

Male

75

Alpha Industries Limited

Marc Skaf

Male

76

Crocodile Matchets (Ghana) Ltd

Sjoerd Grueter

Male

77

Otuasekan Rural Bank Plc

John De-Graft Owusu

Male

78

Mumuadu Rural Bank

Francis Mawunyo Kotoko

Male

79

Amansie Rural Bank Plc

Frederick Kwakye Kyei

Male

80

L'aine Services Limited

Dr. Mrs. Ellen Hagan

Female

81

Atwima Kwanwoma Rural Bank

Samuel Bonsu Sekyere

Male

82

Enterprise Insurance Ltd

Akosua Ansah-Antwi

Female

83

Forever Living Products (Ghana) Limited

Gregg Maughan

Male

84

Access Bank (Ghana) Plc

Olumide Olatunji

Male

85

Nsia Insurance Company Limited

Norrender Wordie Debrah

Female

86

Asante Akyem Rural Bank Plc

Atta Gyamfi

Male

87

Leasafric Ghana Plc

Ikechukwu Edwin Chiobi

Male

88

Odotobri Rural Bank Plc

Abraham Coffie

Male

89

Kintampo Rural Bank

Martin Mensah

Male

90

Milife Insurance Company Ltd

Kwaku Yeboah-Asuamah

Male

91

Star Assurance Limited Company

Boatemaa Barfour-Awuah

Female

92

DHL Ghana Limited

Jean Alfred Anodjo

Male

93

Ghandour Cosmetics

Tanal Ghandour

Male

94

Zonda Tec Ghana Limited

Yang Yang

Female

95

Imperial Homes Limited

Francis Biney

Male

96

Tropical Cable & Conductor Ltd

Martyn Mensah

Male

97

Microfin Rural Bank Limited

Samuel Bentum

Male

98

Wilmar Africa Ltd

Shaun Yeo

Male

99

Bayport Savings And Loans Plc

Akwasi Aboagye

Male

100

Nationwide Medical Insurance

Dr. Douglas A.K Sarkodie*

Male

*Deceased

The 2023 data from Ghana's Club 100 reveals that out of 100 top companies, 84% of CEOs, MDs, or GMs are male, while only 16% are female. This discrepancy not only reflects global trends but also emphasizes localized cultural, economic, and organizational barriers that women face in climbing the corporate ladder in Ghana.


Strategies to Promote Gender Diversity in Leadership


1. Enhance Mentorship and Sponsorship Programs

Organizations should actively develop mentorship and sponsorship programs tailored towards women. These initiatives can help bridge the gap by providing women with guidance, exposure, and opportunities to advance within their careers.


2. Implement Inclusive Recruitment and Promotion Policies

Businesses in Ghana need to adopt transparent, criterion-based recruitment and promotion strategies that actively mitigate gender bias. This involves revising job descriptions, performance evaluation criteria, and promotion pathways to ensure they are gender-neutral and based on merit.


3. Support Work-Life Balance

To retain talented women, especially in high-ranking positions, companies must support work-life integration. This could include flexible working conditions, robust parental leave policies, and facilities like on-site childcare, which can make a significant difference for working parents.


4. Cultivate a Gender-Inclusive Corporate Culture

Businesses must foster a workplace environment that values and practices gender inclusivity. This could be achieved through regular diversity training, workshops, and events that promote gender equality as a core aspect of the company's ethos.


5. Leverage Legislative Support

Supporting and advocating for policies that promote gender equality can also catalyze change. For example, encouraging the implementation of gender quotas for board positions within Club 100 companies could help normalize female leadership.


Call to Action

We challenge business leaders and policymakers in Ghana to take decisive action. Evaluate your organization's approach to gender diversity and commit to making substantial, lasting changes. Together, we can achieve a more equitable business environment for future generations.


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