This is measured using the company’s turnover for the year being ranked. Turnover for a bank is measured by its gross interest income plus commissions and fees, while turnover for an insurance company is measured by net premium earned plus investment income.
A universally accepted measure of profitability is the Return on Equity (ROE). This indicates the return that management has created for the shareholders of the company. It is measured by calculating the 3–year average ROE for the companies.
This gives recognition to companies that are growing at impressive rates. Such companies are usually growing because of excellence in product development, marketing, and effective management. This is measured using the 3-year compounded annual growth rate of turnover over the period two years before the year being ranked to the year being ranked.
Determining the overall ranking of a company is based on the following methodology:
A weighted rank is calculated by summing up the weights to a company’s rank on each parameter i.e.
An overall rank of a company in the GC100 is then obtained from a company’s weighted average obtained.
All ties in ranking are eliminated using growth as a tie breaker.
Companies listed in the Ghana Club 100 are categorized into sectors
- Agric and agribusiness
- Financial Services
- Information and Communications Technology
- Petroleum and Mining services
Placement in the sectorial ranking is however based on weighted performance
The Ghana Club 100 Discretionary Award
The discretionary award was instituted to acknowledge an entity/company worthy of credit for a notable activity within the year under review as deemed by the Center
What You Need to Apply for GC100
To maintain high standards and ensure that our awards remain transparent and fair, documents required for entry into the Ghana Club 100 awards include:
- A set of the company’s most recent audited accounts (i.e. three year leading to the award year) in both hard and soft copies
- Documentation from specific government agencies:
- Ghana Revenue Authority (Tax clearance certificates)
- Social Security and National Insurance Trust (SSNIT) stating that the company is in good standing in the years stated above.