Tag: State Owned Enterprises
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Offload non-performing SOEs to private sector — Dr Sam Ankrah
The time has come for the government to offload non-performing State-Owned Enterprises (SOEs) which continue to be a drain on state coffers or are consistently unable to pay dividends, a Development Economist, Dr Sam Ankrah, has proposed. He mentioned for instance the Tema Oil Refinery (TOR), State Housing Company among many others which had to…
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Akufo-Addo directs SIGA to probe SOEs cited in Auditor-General’s report
President Nana Addo Dankwa Akufo-Addo has directed the State Interest and Governance Authority (SIGA) to investigate the circumstances under which some state agencies were cited for infractions in the 2021 Auditor-General’s report. The President says SIGA must present its report to the Chief of Staff within four weeks. The President was speaking at a meeting…
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Employment C’ttee bemoans late submission of audited accounts by SOEs
The Ranking Member on the Employment, Social Welfare and State Enterprises Committee in Parliament, Dr. Kwabena Donkor, has bemoaned the failure of State-Owned Enterprises in the country to make their accounts available for auditing. Regulation 203(2) of the Public Finance Management Regulations 2019 requires that all State-Owned Enterprises must submit within two months after the…
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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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State Owned Enterprises to be ranked to improve performance
As part of measures aimed at ensuring the efficiency of State Owned Enterprises (SOEs) in the country, a system which will show their individual performances will soon be put in place for public consumption. This was announced by the Public Enterprises Minister, Joseph Cudjoe. The value of Ghana’s 126 State-Owned Enterprises (SOEs) is GH¢110 billion,…