GACL grabs ‘Best ERM Compliant Institution’ award

THE Ghana Airports Company Limited (GACL) has emerged “Winner” of “Best ERM Compliant Institution” in the State Owned Enterprises (SOEs) category of the Internal Audit Agency’s (IAA) Annual Awards to institutions in Ghana. 

The award was presented during the 2023 Internal Audit Conference held at the University of Professional Studies, Accra (UPSA) on Friday, September 15, 2023.

Enterprise Risk Management (ERM) is the process of identifying, analysing, managing and monitoring current and emerging risks in an integrated way across the breadth of the enterprise. It provides the methodology for integrating risk into the strategic planning and resource allocation processes at the strategic level.

GACL has maintained an effective, consistent and transparent system of Enterprise Risk Management (ERM) in accordance with ISO 31000:2018.

A citation presented to Pamela Djamson-Tettey, managing director, GACL, in recognition of the feat chalked read, “Your efforts at standardising, development and mainstreaming Enterprise Risk Management (ERM) practices in your organisation, has engendered effective decision making in the management of risk and regulatory compliance. For improving decision making and minimising risks the operations of the GHANA AIRPORT COMPANY LIMITED is exposed to, the internal Audit Agency confers on you the award of BEST ERM COMPLIANT INSTITUTION IN THE 2022/2023 AUDITING YEAR – SoE CATEGORY.”

Commenting on the positive development, Djamson-Tettey said, “we deem it a great privilege to receive this recognition from the Internal Audit Agency (IAA). This award is a validation of GACL’s internal systems designed to monitor and promptly manage current and emerging risks within the organisation, which are working well’’. 

She indicated that “for an industry that thrives on safety, GACL prioritises Risk Management and continuously updates its risk register to reflect current trends. This award will undoubtedly spur the team on to ensure that Enterprise Risk Management is embedded in all facets of the organisation’’.