Tag: State Interests and Governance Authority
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Stop posting losses and improve performance – Akufo-Addo charges SOEs
President Akufo-Addo has charged heads of state institutions and specified entities in the country to put an end to the phenomenon of posting losses annually and to work towards become profitable institutions. Losses posted by state enterprises and specified entities in the country between 2018 and 2019 rose by 200% percent according to the 2020…
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SIGA to publish performance league table of CEOs of State-Owned Enterprises
The State Interests and Governance Authority (SIGA), will publish a performance League Table of individual Chief Executive Officers of State-Owned Enterprises and their entities by July 2020. Stephen Asamoah Boateng, the Director-General of SIGA, who announced this, said the move is to ensure effective and efficient management of the enterprises. He urged the CEOs to…
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Gov’t won’t hesitate to sell off non-performing SOEs – Bawumia
The Vice President, Dr. Mahamudu Bawumia, says government will not hesitate to sell off state-owned enterprises that consistently fail to churn out profit. Speaking at a 2020 performance contract signing ceremony between managers of SOEs and the State Interests and Governance Authority (SIGA), Dr. Bawumia said while the government recognizes the challenges some SOEs face,…
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Non-performing managers of SOEs will face sanctions- Bawumia
The Vice President, Dr. Mahamudu Bawumia, has asked the State Interests and Governance Authority (SIGA), to sanction managers of state-owned enterprises (SOEs) who fail to operate in line with laid down procedures to churn out profits. According to him, this will help address issues of under-performance of state institutions and make them profitable. This comes…