Acting General Manager in charge of Finance and Administration at the State Interest and Governance Authority (SIGA), Andrews Kwasi Frimpong says the Authority is currently assessing the profitability of some State Owned Enterprises, and a decision will be taken on those that are not viable.
He said the appropriate recommendations will be made to government after assessing those state agencies including Corporations that need to be restructured or need recapitalisation.
Speaking on GBC’s Current Affairs Programme ‘Focus’ Mr. Frimpong said the profit level of SOE’s is of paramount interest to SIGA and therefore will develop a Good Corporate Governance Structure for the SOE’s.
He stated that the operations of SIGA will be funded from budgetary allocation and monitoring fees adding that performance of State Owned Enterprises, under the Authority is a topmost priority.
A Lecturer at the Ghana Institute of Journalism, Musah Zakaria Tanko said the idea of making State Owned Enterprises profitable is the way to go.
He was however concerned about the level of Political influence regarding the number of Presidential appointees on the Board and Management of the Authority.