Abuja, 10 March 2023 (TDI): The African Union (AU) celebrated 20 years of African Peer Review Mechanism (APRM) on Thursday, 9 March. After two decades the APRM stretches across the African continent and consists of 42 member states.
The APRM was formed on 9 March 2003 with the primary purpose to foster good governance through the adaption of policies, standards & practices leading to political stability, high economic growth & sustainable development by regional integration.
Engaging Stakeholders in Ghana
On the occasion of the 20th anniversary, the African Peer Review Mechanism Governing Council (APRM-GC) has engaged stakeholders on corporate governance in Tamale, Ghana.
In the meeting, the organ examined Ghana’s corporate governance practices, legislations, and regulations geared towards strengthening efforts to promote standards.
The organ also discussed with stakeholders the challenges and expectations of the corporate governance need in relation to cross-border and Intra-Africa trade to scale up businesses.
The engagement between APRM and Ghana’s stakeholders was on the theme of “Corporate Governance as a Catalyst for the Implementation of African Continental Free Trade Area (AfCFTA).”
Officials from Government, public institutions, private companies including large, medium, and small enterprises, and traditional leaders attended the meeting.
During the meeting, some of the challenges outlined by participants included insecurity at Ghana’s borders, unavailability of appropriate technology, unreasonable duty charges & activities of immigration officers that push people into resorting to illegal routes, among others.
Also Read: AfCFTA meets in Ghana
APRM-GC Chairperson Emmanuel Asante, speaking during the forum, “the challenges that were discussed would be considered in a report with recommended policies to address them.”
He also expressed hope that the report would encourage the government to investigate the challenges to empower the people to produce goods of international goods.
He also urged the stakeholders to utilize corporate governance as it pushes for teamwork and team benefits rather than individual approaches.
The organ also appreciated the stakeholders recommended policies and good practices that other countries from Africa can follow.