Ghana Investment Fund Limited: Ethical Issues
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. Darrold Cordes is affiliated with University of Nevada, Las Vegas. Won-Yong Oh is affiliated with University of Nevada, Las Vegas.