Flamingo Awards for Business and Financial Journalism BACKGROUND The launch of the 2017 Flamingo Awards for Business and Financial Journalism will tak...
Flamingo Awards for Business and Financial Journalism
The launch of the 2017 Flamingo Awards for Business and Financial Journalism will take place on TUESDAY AUGUST 01, 2017
The theme for this year is: Embracing Financial Inclusion and Innovations for Growth and Development
The essence of the annual awards is to recognise business and financial journalists and editors who have provided high quality reportage of the business and financial environment in Ghana.
The last edition was held on Thursday January 27, 2017 with the World Bank as one of our major partners. Other major sponsors were GIZ, National Investment Bank, Ghana Stock Exchange, Bank of Ghana, GCB Bank and Central Securities Depository, Vivo Energy, Voltic Mineral Water, Enterprise Life, Stanbic Bank, Penplusbytes, Arkworld, Enterprise Life and Melcom Group of Companies
IFEJ since its inception has been re-training journalists to specialise in Business, Financial and Economic reporting.
Though these training programmes have helped, the standard of business and financial reporting still lacks the import of analytical articles, accuracy, and well researched information on relevant issues for public consumption.
In its quest to improve business and financial journalism to reflect the country’s changing media environment, IFEJ instituted the Flamingo Awards to recognise and to raise awareness on the need for reliable, objective, analytical and comprehensive reporting on Ghanaian businesses.
IFEJ Flamingo Awards for Business and Financial Journalism recognise journalists and editors who provide high quality coverage of the business and financial environment in Ghana.
This awards scheme complements the single slot provided for business and financial reporting at the annual GJA awards.
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 Enter:
Must be fully paid-up IFEJ MEMBER for at least TWO YEARS. All submissions must have been published (Print or Online) or broadcast (Wire, Radio or Television) during the year under review.
Publication Period July 1 2016 – July 31 2017
What the Jury expects
The 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
The finalists selected by the panel of jury will be invited to attend in person the awards ceremony.
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 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.
THE AWARDS CATEGORIES
1. Overall Best Business and Financial Journalist (The Ultimate Award)
The overall best would be given to any entrant who wins in the FINANCE CATEGORY plus any other category
2. 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.
3. 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.
4. 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.
5. Best Extractives 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; 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).
6. 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; Agric 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.
7. 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.
8. 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).
9. 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.
10. Best Business of Health Feature
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.
1. One must be a fully paid-up member of the Institute of Financial and Economic Journalists (IFEJ) for at least TWO YEARS running.
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. FIVE (5) 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. The jury reserves the right to transfer entries for consideration in other categories.
11. 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.
12. Where no entries meet the minimum requirement of a category, no award shall be given for that year
13. The decision of the jury is final and no correspondence shall be entered into.
14. Completed entries must reach the offices of IFEJ C|O Ghana International Press Center by 17.00hrs GMT on Thursday August 31st, 2017
15. Awards Night Friday January 26, 2018
16. No extension will be made to this date and entries will NOT be received after the deadline.
17. Please go through your eligible stories (all submissions must have been published or broadcast in the period (July 1st, 2016 – July 31st , 2017)
18. Entries are strictly limited to a MAXIMUM OF THREE CATEGORIES. All categories are open to print, radio, television and online journalists.
Please download the Submission Forms below
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 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.
The Institute of Financial and Economic Journalists (IFEJ) was formed in 1990 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 has 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 attended various workshops, seminars, roundtable discussions with captains of industry and commence as well as with government and non-governmental organisations on 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.