May 30, 2024 7:53 pm

Akufo-Addo charges SIGA to liaise with specified entities to realise ‘Ghana Beyond Aid’ dream

Government has reiterated its commitment to pegging Ghana at a pedestal where it would be self-reliant without resorting to external support, what it terms ‘Ghana Beyond Aid’.

Speaking Friday, January 28, at the 2022 Policy and Governance Forum, President of the Republic, Addo Dankwa Akufo-Addo tasked the State Interests and Governance Authority (SIGA) to play its role in attaining this vision.

“My expectation and indeed that of every Ghanaian is to see that SIGA works in tandem with the respective specified entities and their boards to assist in moving our country to a situation beyond aid”

Espousing on the theme: Improving the performance of specified entities; leadership and technology, the president indicated the key institutions required to  bring the vision to bare are linked with SIGA, the reason their commitment is paramount.

He explained that: “There should be no reason why SIGA, which has the six collaborative institutions embedded in almost all the critical sectors of the economy such as energy, mining, agriculture, financial and allied services, ICT and regulatory agencies should be found wanting in the discharge of this mandate”, urging board members and management of the respective entities to perform watchdog roles in ensuring that the institutions under their jurisdiction live up to expectation.

The president said the dream would be attainable when state institutions run in a manner to rake in profit rather than posting losses to the state.

“We are still confronted for instance, with the challenge of losses being made by some of our specified entities. Indeed, we are told that between 2018 and 2019, losses posted by specified entities rose significantly by some 200% with the Auditor General’s report for 2020 making for difficult reading. At this time that government is doing its best to see to the rapid growth of the economy, we must bring the phenomenon of posting loses to an end,” he urged.

President Akufo-Addo further admonished the gathering to “turn over a new leaf” by submitting financial reports on time in order not to erode the Controller and Accountant General’s effort in presenting a better global outlook for Ghana’s public finances.

Entrepreneurship and Digitalisation

To advance the course of growing Ghanaian businesses, the President noted he has tasked specified entities “to direct their supply chain activities to involve  Ghanaian entrepreneurs to spur the growth of the micro, small, medium and private sector.”

He was confident that the directive would inspire profitable and efficient operations to expand the scope of their performance to employ more people, leading to the transformation the nation desires.

The Ministry of Communication and Digitization according to President Akufo-Addo, “is developing a comprehensive digital economy policy and strategy that will guide our efforts to leverage digital technology for economic and social development as well as offer guidance for the financing, institutional strengthening and human capacity building that will be required to achieve the objectives of the policy.”

Heads of the respective specified entities were also encouraged to send in their contributions as principal stakeholders in the entire transformation process.

The 2022 edition of the Forum was organised by the State Interests and Governance Authority, the Ministry of Finance, and the
Ministry of Public Enterprises.

The forum affords SIGA a unique occasion to have an all-inclusive discussions with Specified Entities, Civil Society Organisations, Donor Agencies, relevant Ministries, and other stakeholders to deliberate on strategies being implemented by the Government to enhance the performance of State-Owned Enterprises (SOEs), Joint Venture Corporations (JVCs), and Other Specified Entities (OSEs).


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