26.9 C
Accra
Friday, May 20, 2022
No menu items!

State Owned Enterprises under assessment to determine viability

Must Read

Government justifies decision to release periphery of Achimota Forest to Owoo family

By Doreen Ampofo Government says it could not have afforded the cost of sections of the periphery of the Achimota...

Teacher shortage at Santrokofi Gbordome LA JHS, Guan District

By Conrad Cadbury The Santrokofi Gbordome LA JHS in the Guan District of the Oti Region may soon be without...

Ketu South: Father petitions IGP over murder of daughter

By Edzorna Francis Mensah What appears to be a fatal accident in the minds of the Ketu Divisional Command of...

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Government justifies decision to release periphery of Achimota Forest to Owoo family

By Doreen Ampofo Government says it could not have afforded the cost of sections of the periphery of the Achimota...

Teacher shortage at Santrokofi Gbordome LA JHS, Guan District

By Conrad Cadbury The Santrokofi Gbordome LA JHS in the Guan District of the Oti Region may soon be without teachers if immediate steps are...

Ketu South: Father petitions IGP over murder of daughter

By Edzorna Francis Mensah What appears to be a fatal accident in the minds of the Ketu Divisional Command of the Ghana Police Service at...

Video Alert: Black Sherif releases visuals for ‘Kwaku The Traveller’

By Seli Baisie Ghanaian Breakthrough Singer and Rapper Black Sherif has released visuals for his song ‘Kwaku The Traveller’. The riveting visual dropped today, Thursday,...

No immediate solution to strike by School Feeding Caterers

Reports reaching GBC news indicate that there seems to be no immediate solution to the strike by Caterers of the School Feeding Programme. A visit...

More Articles Like This