Women hold 23% of the board seats and 24% of non-executive director seats of GSE-listed companies— an increase of 3% and 4% respectively from 2019.The higher the number of female non-executive directors, the higher the likelihood of females in executive positions. Companies with 30% or more female non-executive directors are 6% more likely to have a female chairperson, 8% more likely to have a female CEO/MD, and 15% more likely to have a female COO. Among the 37 companies listed on the Ghana Stock Exchange, women hold only 23% of board seats and 24% of non-executive director seats. Although this figure represents a 3% increase in board seats held by women and a 4% increase in non-executive director seats held by women from 2019, the Board Diversity Index shows that women are rarely included in the governance and management of some of Ghana’s most notable companies.
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