The link between corporate governance and performance of the non‐traditional export sector: evidence from Ghana

Purpose – The purpose of this paper is to examine how corporate governance affects performance of firms in the non‐traditional export (NTE) sector in Ghana. Design/methodology/approach – Panel data covering the ten‐year period 1995‐2004 were analyzed within the generalized least squares (GLS) framework. Findings – For efficient performance, firms in the NTE sector in Ghana should have indigenous ownership and must ensure more non‐executive directors on their boards. Research limitations/implications – More indicators of corporate governance are needed, due to the fact that corporate governance embraces a broader set of indicators. Practical implications – There are practical implications for both academics and practitioners. Originality/value – Provides an examination of the link between corporate governance and the performance of the NTE sector, which has hitherto not been researched.