Ghana: GRIDCo Grabs Enterprise Risk Management Compliant Award

Ghana’s power transmission company, GRIDCo, has been crowned as the Best Enterprise Risk Management Compliant Institution in the Republic of Ghana at the 2022 Internal Audit Conferences and Awards held at the University of Professional Studies in Accra.

This is the second time in a row the transmission company has received the award.

In 2021, GRIDCo’s Internal Auditor, Mr Richard Ntim, was adjudged the Best Internal Auditor at the Internal Audit Agency Conference.

This year’s conference, which was held from 16th and 18th August 2022 was under the theme: ‘Injecting Fiscal Discipline in the Mobilisation and Utilisation of Revenue for Sustainable Development: The Role of Internal Auditors’, brought together auditors from both the public and private sector institutions in the West African nation.

GRIDCo operates the National Interconnection Transmission Line which covers about 6,472.23 kilometres.

Commenting on the award, the Chairman of GRIDCo Board, Ambassador Kabral Blay-Amihere, congratulated the CEO of GRIDCo, Ing Ebenezer Kofi Essienyi, for providing sound leadership and leading the company to win the award.

He also congratulated GRIDCo’s Internal Audit Department, Risk Management Committee and staff of GRIDCo for their dedication and exemplary work which brought success.

“This is an incredible achievement and a well-deserved recognition of dedication and hard work, which we appreciate,” he heartily said.

According to him, the Board, Audit Committee, and the Chief Executive are required to ensure that an effective risk management strategy is in place to help identify, assess and prepare GRIDCo for potential hazards that may interfere with our operations, finances and objectives

He explained that GRIDCo has put in place ERM processes to help the company to manage and monitor risks to its operations.

“Winning the award for the ERM function is welcome news and a worthy appreciation of the efforts we have all put into the ERM activities,” he noted.

He also acknowledged the roles played by members of the immediate past board, Audit Committee and Chief Executive, Ing Jonathan Amoako-Baah, which helped GRIDCo attain this feat. 

“I hope that the Chief Executive and Management will continue to ensure that the policies, procedures, risk management and internal control systems, are followed to sustain and increase GRIDCo’s value.

“Let us follow this example of excellence to attain the best for ourselves and GRIDCo,” he charged.

Source: https://energynewsafrica.com