"Gender-balanced boards tend to perform better – IFC study"

Better performing companies in Ghana tend to have more gender-balanced boards, a joint study by the International Finance Corporation (IFC) and the University of Ghana Business School has shown. The study reviews gender diversity on Ghanaian boards across various sectors to provide empirical evidence that guides the development of organisational and national policies intended to promote sustainable company performance and economic growth.

 High performing firms based on return on assets (ROA) and sales growth were associated with higher gender diversity than low-performing firms. The study also revealed that a high number of organisations surveyed did not have a policy on gender representation to guide the selection of top management and board positions. Women were found to be generally under-represented in board positions in most companies in Ghana.