Corporate Social Responsibility is a vital aspect of society. While CSR is quite common in Western countries, it is more rare in developing nations. After reading Jessica Yi Chieh Tsai’s blog about India implementing a law that forces CSR standards, it is evident that more and more people are realizing the significantly beneficial effects of CSR on society.

I agree with Jessica’s viewpoint on the situation in India; that the law is positive, as Indian companies are giving back to communities. The linked article illustrates how Ghana is struggling with a lack of CSR right now, and are looking to introduce a policy that will best enable it among the majority of corporations in Ghana. The fact that officials are realizing that there is a lack of CSR marks progress.

I believe that Ghana should pursue a similar path to India. By gradually forcing corporations to operate based on CSR values, Ghana will benefit much more as a nation.. As stated in the article, by adopting CSR values, Ghana will attract foreign investors, which will allow the economy to thrive, all while the nation reduces poverty and promotes nation-wide development. It is a win-win situation.

Referenced Blog: https://blogs.ubc.ca/jessicatsai/2013/11/17/corporate-social-responsibility-now-a-law/

Article:http://vibeghana.com/2013/11/13/official-says-ghana-needs-a-corporate-social-responsibility-policy/

Image: http://goodandco.ca/wp-content/uploads/The-CSR-Cycle.jpg