Flamingo Awards for Business and Financial Journalism

Objective: To Deepen the Level of Financial Journalism

August 2019


The launch of the 2018 Flamingo Awards for Business and Financial Journalism will take place on TUESDAY 13th AUGUST 2019

The essence of the annual awards is to recognise business and financial journalists whose high quality reports are influencing policy for growth and development in Ghana.

The last edition was held on Friday December 14, 2018. The main partners were the World Bank and the Ghana National Petroleum Corporation as platinum partners. Other major sponsors include, the Ghana Stock Exchange, Bank of Ghana, GCB Bank and Central Securities Depository, Accra Brewery, Voltic Mineral Water, Stanbic Bank, Penplusbytes, and Melcom Group of Companies.

IFEJ since its inception has helped build the capacity of journalists to specialise in Business, Financial, Economic and Extractive industry reporting.
These capacity building efforts have paid off to a large extent and this is evident in the high standard, analytical and well researched stories on business and financial reports being churned out on relevant issues for public consumption.

IFEJ instituted the Flamingo Awards to recognise first the writers as well as raise awareness on the need for reliable, objective, analytical and comprehensive reporting on Ghanaian businesses.

The Award

IFEJ Flamingo Awards for Business and Financial Journalism therefore recognise journalists and editors who provide high quality coverage of the business and financial environment in Ghana.
This award scheme is aimed at laying a strong foundation for financial journalists in the country to participate and win international awards such as the Diageo Awards for business and financial journalism and the CNN Awards among others.

IFEJ believes better, accurate and in-depth reporting of the economy will generate more interest and a better informed public on Ghana as an investment destination.
Who can submit articles:

Entries must be from IFEJ members. All submissions must have been published in Print, Online or broadcast on Wire, Radio or Television during the year under review and have not been previously entered into this award scheme.

Publication Period July 1 2018 – June 30 2019

Expectation of the Jury

A panel of independent minded jury will look for best quality articles within a framework of insight and integrity. They will be looking for entries which are not limited to:
• Ground breaking articles that provide excellent analysis and clarity of the business climate.
• Content supported by facts and investigative research.
• A clear and balanced presentation of the issue/s involved
• Journalistic flair – a style that is engaging, thought-provoking and accessible to its audience
• Articles must be written in a clear and balanced fashion
• Quality, style, presentation and a way of engaging the audience
• A commitment to sustained coverage of the business and economic climate in the country which serves to highlight opportunities as well as challenges
• A reflection of journalistic integrity and ethics and a true commitment to reporting without sensationalising and
• Originality

The Finalists:

The finalists selected by the panel of jury will be invited to attend in person the awards ceremony.

The Prize:

Each category winner will receive a trophy/shield and a citation. Other interesting packages will be available depending on the level of financial and material support the awards committee receives from partners

IFEJ reserves the right to reject entries that do not comply with the Criteria for Entry
Where no entries meet the minimum requirement of a category, no award shall be given for that year.


1. Best Finance Feature/ News story
Stories should seek to give the public a clear understanding of the opportunities in the sector to enhance growth and development. Stories that seek to critique should also suggest strategic options.
Some areas of focus may include but not limited to Capital Market; Public Finance; Budget Analysis; Corporate Finance; Investment Opportunities; Monetary Policies; Financial Inclusion and Innovations; Money Market; Alternative Financial Market; Banking; Insurance, Derivative/Hedging; Regulations.

2. Best Business/Manufacturing Feature/News story
Stories should seek to project large corporate businesses; small, medium and micro enterprises as well as key challenges and possible solutions for the manufacturing sector.
These include business strategies, corporate responsibility, challenges, performance, governance, and innovation. For large corporate enterprises stories should explore environmental impact and management adherence to national regulations and CSRs.
Some areas of focus may include but not limited to Analysis of Financial reports; Gender on Boards; Enabling Environment for operation; Corporate Analysis; and Corruption.

3. Best Information and Communication Technology (ICT) Feature/News Story
Stories should show the extent to which ICT can be utilised to enhance business.
Areas of focus may include but not limited to how ICT is being/can be used to enhance mobile banking; marketing of products; improvement in agriculture. Others are Telecommunication Infrastructure, Networking, Security, Cybercrime, E-learning, Hardware, Software or Internet.

4. Best Natural Resource Feature/ News story
Stories should seek to promote accountability in management of natural resources for growth and development in Ghana. Stories on solid and liquid minerals in oil & gas, mining, quarrying, sand winning, water and forestry resources are encouraged.
Some areas of focus may include but not limited to Decommissioning of Mines; Governance, Revenue Management; Contract Transparency; Social impact and community management issues; Project Management; Local Content; Safety and Health; Legal Framework; Security (piracy, hijacking, illegal financial outflows).

5. Best Agribusiness Feature/News story
Stories should seek to inform public and decision makers on various policy options to promote development and contribution of the sector to GDP.
Some areas of focus may include but not limited to Agricultural Marketing; Infrastructure; Agriculture Financing; Limitations to Agribusiness (storage, irrigation, prices, transportation, input supplies); Agric Investment orientation (encouraging people into farming); Land Administration; Innovative agribusiness (ICT); Agric Policies; and Commodity Exchange. Others are climate change, food security, water management, farming or resource management.

6. Best Tourism Feature/News story
Stories should lead to promote tourism in Ghana as a major foreign exchange earner.
Some areas of focus may include but not limited to Institutional coordination to promote tourism; Promotion of Domestic tourism; Tourism Site Mapping (unearth alternative tourist site); Negative aspects of tourism (social and environmental issues); Development of tourism Infrastructure; Maintenance of tourist sites; Health in tourism; Innovative tourism (the use of icons); Tourism Levy Fund; Comparative Tourism; and Policies. Others are Sustainability, Conservation, Marketing and Branding, or Investment.

7. Best Development Feature/News story
Stories should create awareness of new development issues that serve as a catalyst for the business community.
Some focus areas may include but not limited to Strategic Infrastructure (energy, security, transport, education, aviation, rail, roads); Legal Framework; Contract Management; Tax Regime; Procurement; Corruption; Policies and Regulatory Environment; Accountability on strategic projects and Potential issues of the Regional development zones and boards (SADA, CEDECOM).

8. Best in Local Economy feature/News
Stories should seek to unearth the impact of the sectors on local economy in term of instilling a saving culture of people and to finance rural entrepreneurs. In addition stories should seek to explore how rural banking, micro financing, savings and loans can redirect resources back to the local economy.
Some areas of focus may include but not limited to Sector Performance; Organization of Micro Finance institutions; Growth; Regulatory institutions (Apex Bank, Ghana Micro Finance Association); Contribution to the economy; Monitoring of activities by Bank of Ghana; Pyramid and Ponzi Schemes; and Regulatory Challenges.

9. Best Business of Health feature/News
Stories should seek to create awareness and influence public policy on healthcare financing.
Some areas of focus may include but not limited to health Insurance (public and private); Business of Surrogate Parenthood; Health Financing (cash and carry); Executive Healthcare; Economics of Epidemics (Ebola, Cholera etc.); Alternative Healthcare (herbal medicine); Preventive Health; Making of healthcare delivery affordable and assessable; Getting value for money in the health delivery chain.

10. Overall Best Business and Financial Journalist (The Ultimate Award)
The overall best would be given to any entrant who wins two categories including Best in Agribusiness
1. One must be a member of the Institute of Financial and Economic Journalists (IFEJ).

2. One can only enter a maximum of THREE categories. Each article shall only be submitted once. In instances where more than three entries are submitted, ALL will be disqualified without exception.

3. Co-authored Features/News Story are NOT accepted

4. There is a wide selection of categories, so select the category most relevant to your story.

5. Applicants are strictly limited to ONE Article/News story in each category.

6. Submitted pieces should be a Feature/News Story delivered on any media platform (print, broadcast, online). Features/News Story should NOT be more than 1,300 words or more than 20 minutes of air time.

7. Entries must be accompanied by a fully completed submission form

8. SIX (6) Copies of each entry must be presented. Photocopies must be legible.

9. The competition will be judged by a panel of distinguished, independent jury with appropriate knowledge and experience of journalistic practices.

10. Where no entries meet the minimum requirement of a category, no award shall be given for that year

11. *Completed entries must reach the offices of IFEJ on the second floor of Ga Presbytery, Jubilee House at Kuku Hill Osu (GPS GA-055-0074) by 17.00hrs GMT on Friday, September 13, 2019. No extension will be made to this date and entries will NOT be received after the deadline.

12. *Awards Night Friday 31 January 2020. Please go through your eligible stories (all submissions must have been published or broadcast in the period – July 1st, 2018 – June 30, 2019)

13. The jury upholds the integrity and reputation of the Awards and reserves the right to disqualify any piece of work and/or finalist if, in the jury’s opinion, there exists reasonable doubt about the authenticity and/or accuracy of the submitted entry and/or the integrity of the finalists

14. The decision of the jury is final and no correspondence shall be entered into.

15. Entries are strictly limited to a MAXIMUM OF THREE CATEGORIES. All categories are open to print, radio, television and online journalists.

Download Ifej Flamingo Award 2019 Full Doc

Why the Flamingo Bird

The Flamingo is the tallest bird and can live in hostile environments like hot volcanic lakes. Their name comes from the Latin word for flame. Their feathers range in colour from hot red to pale pink. As financial journalists we live in very difficult situations especially when it comes to covering corruption and financial scandals and malfeasance in corporate and government institutions.

Because of its long neck which allows the flamingos to see their predators from far, such as vultures, eagles, black kites, lions, leopards, cheetahs, jackals, and humans, among others, financial journalists must equally have long necks to probe and expose negative economic activities.

Partners Mileage:

Partners will be contributing greatly to the development of high standards of financial journalism. While the awards will be attached to the partners, avenues will equally be created for the partners to showcase their services and goods during the awards night. Opportunities will also be made for the partners to brand the venue for the event night. Partners will have their products and services advertise and in the awards brochure to be produced during and after the event.

About IFEJ

The Institute of Financial and Economic Journalists (IFEJ) was formed in 1990 with the assistance of the World Bank, Ghana Office to help develop the skills of journalists in business and financial reporting.

One of the objectives of the institute is to advance the study, development and application of improved financial and economic communication methods through appropriate hands-on approaches and platforms.

Over the past years, the Institute had lived up to this objective and positioned itself as an effective organisation that provides and promotes co-operation, common understanding and exchange of ideas in the field of economic and financial journalism.

This objective enabled members of the Institute to attend various workshops, seminars, roundtable discussions with captains of industry and commence as well as with government and non-governmental organisations on another various aspects of the economy.

Many of such programmes have ignited and sustained the discourse on how the state could create the appropriate environment for the private sector to play its rightful role as the engine of economic growth and development.

The renewed aim of the Institute is therefore to expand such programmes to help it position itself as an advocacy group for the private sector in particular, and the economy as a whole.
As a non-governmental organisation, IFEJ programmes are supported by corporate Ghana, development financiers and sometimes the Ministry of Finance. With sponsorship from corporate bodies, IFEJ hopes to expand its educational and advocacy activities and programmes.

IFEJ has expanded its scope of activities to include the extractive sector in the areas of mining as well as the country’s oil and gas industry. The focal points under this area have been on environmental management, resettlement issues, revenue utilisation from the industry and local content implementation.

The World Bank has played a pivotal role in the training of financial journalists and has also partnered the Institute in its annual Flamingo Awards in Business and Financial Journalism which was instituted in 2014 to recognise and reward financial journalists and editors for good and high quality coverage in the area of business and finance.

Over the past few years IFEJ, with the support of GIZ, has collaborated with the Petroleum Commission, Ghana Extractive Industry Transparency Initiative (GHEITI) and the Public Interest and Accountability Committee (PIAC) to undertake various training programmes and visits to sites of oil revenue funded projects.

With the support of GIZ, IFEJ has been able to produce a 30-minute documentary on Ghana’s oil find which is on Youtube – “Ghana’s oil find, Turning the Tide”. The Institute also produced another documentary on the Exploration of oil on the Keta Basin which is also on Youtube.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

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