President Mahama direct heads of SOEs to end financial recklessness

Speaking at a meeting convened by the State Interest and Governance Authority (SIGA) in Accra, President Mahama stressed that the era of impunity, mediocrity, and financial mismanagement must come to an end.
He warned that it would no longer be business as usual, emphasizing that SOEs must be restructured to enhance efficiency and profitability.
Finance Minister, Dr. Cassiel Ato Forson, also underscored the need to reset State-Owned Agencies to operate profitably.
He pointed out that several key enterprises, including the Electricity Company of Ghana (ECG), COCOBOD, and GIHOC Distilleries, have suffered significant financial losses in recent years, which pose a major threat to Ghana’s economic recovery.
The government has pledged strict oversight and reforms to ensure that SOEs contribute effectively to national development and reduce their financial burden on the economy
Source: Classfmonline.com/Cecil Mensah
Trending Business
Agric Minister secures FAO support to deepen agricultural transformation agenda
11:23CEMSE boss slams PURC over sudden 2.45% tariff hike
11:15Akyem Maase residents protest GH¢13,000 demand by ECG after power outage
10:28UNDP, NIC challenges young innovators to transform access to insurance in Ghana
08:28ARDA executives visit Ghana to learn from NPA’s regulatory model
15:34Asiedu-Nketia chairs GHPA board
13:11£154.4 m Ghana/Cote d'Ivoire Inter-connectivity project to enhance regional electricity trade-GRIDCo CEO
10:06TG Holdings appoints Tunde Macaulay as Group Managing Director
11:09TG Holdings appoints Tunde Macaulay as Group Managing Director
08:47Ghana Customs bolsters border security with arrival of detection dogs
10:09