Exploring the best corporate governance practices in the public sector organizations in Ghana: The challenges, issues, and prospects

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Abstact

The study aims to explore the corporate governance practices in the public sector entities in Ghana to identify weaknesses for improvement based on appointments to the boards, conflicts between CEOs and the boards, etc. The results confirm structural weaknesses in corporate governance practices in the public sector entities in Ghana and require drastic improvement to be aligned with the advanced economies. Based on the findings, the study recomments that the President desists from appointing the CEOs and allows the boards to appoint the CEO.

Keywords: Accountable, CEO, Boards, Corporate Governance, Independence

JEL Classification: M14, M42

Received: 05.10.2022
Accepted: 12.10.2022

How to cite: MacCarthy, J., & Adoboe-Mensah, N. (2023). Exploring the best corporate governance practices in the public sector organizations in Ghana: The challenges, issues, and prospects. In E. Karger & A. Kostyuk (Eds.), Corporate governance: An interdisciplinary outlook (pp. 100–107). Virtus Interpress. https://doi.org/10.22495/cgaiop20