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Ghana Investment Fund Limited: Ethical Issues

Darrold Cordes; Won-Yong Oh

Product #:9B19M124_P
Supplier:Ivey
Discipline:Entrepreneurship, General Management, International Business
Setting:Ghana, United States, Hong Kong, 2017
Details:Case (PDF) • 9 pages • 2019-10-22

Subjects:

Business ethicsDecision makingBusiness law and ethicsDecision making and problem solvingBusiness managementEntrepreneurshipInternational business

Industries:

Financial service sector

Geography:

GhanaUnited StatesAfricaNorth America
Your Price:$10.54

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The chief executive officer of RenY Corporation (RenY) based in Hong Kong, had just established the Ghana Investment Fund Limited (GIF) as a subsidiary of RenY in Ghana. GIF aimed to invest in the entrepreneurial ideas of university graduates in Ghana under a model that brought together the intellectual capital of the graduates, e-commerce, and investment capital under an umbrella of mentoring and collaboration. Access to Ghanaian government contracts to provide products and services was an important aspect of the CEO’s sustainable development plans for low income communities, but he was faced with ethical issues on the way government business was done in Ghana—to be successful in gaining some of these contracts, extra payments were required. He had to decide if his investment was going to result in nothing or if there was a way to move forward.

Learning Objectives

This case is suitable for use in any undergraduate or graduate business course that deals with issues of ethical decision-making, strategic decision-making, and stakeholder relationship management including human resource management and organizational behaviour, strategy, business ethics and corporate social responsibility, or international business. After completion of this case, students will be able to
  • identify the broad legal jurisdictions that affect cross-border business operations;
  • develop a framework and a sound, sequenced approach for dealing with ethical issues in regions that have different legal, cultural, and ethical interpretations;
  • understand the legal frameworks within the country where the business is to be undertaken;
  • understand the importance of ethical decision-making in the presence of corruption;
  • investigate the personal and corporate liabilities for the chief executive officer and his company worldwide as a result of decisions he makes;
  • identify the key stakeholders that have a direct or influential impact on the conduct of the business;
  • identify where the impact of ethical decisions is most likely to be felt; and
  • understand the intersection of an ethical code of conduct and acceptable morality in decision-making.
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Case Study: Ghana Investment Fund Limited: Ethical Issues | Ivey Publishing