The Director-General for State Interests and Governance Authority (SIGA), Mr John Boadu has highlighted the crucial role and progress made by the Authority in Ghana’s economic growth.
Mr Boadu made this known in an interview with journalists on Thursday, while responding to questions on the performance of his outfit, so far.
Since its establishment, there has been a significant increment in the number of State-Owned Enterprises (SOEs) submitting report on their respective audited accounts.
“In 2016, only two (2) SOEs presented their audited accounts report out of 175, and so, if there is no SIGA to enforce compliance, I believe most SOEs wouldn’t present the reports,” he stated.
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He reiterated that “however, at the moment fifty-five (55) SOEs have presented their audited accounts and by the close of the year, 130 would have presented their audited accounts.”
Mr Boadu cites SIGA’s mandate in ensuring accountability, compliance, and transparency among these entities, as the backbone to this feat.
He also revealed the Authority’s role contributed GHc419 billion to Ghana’s Gross Domestic Product (GDP) in 2022, as compared to GHc20 billion recorded in 2020.
The D-G noted that despite the losses incurred by some SOE to the tune of GHc15 billion in 2022, it has declined to GHc8.8 billion, representing 41.46 per cent.
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He also urged SOEs to make amends to the primeval modes of operation but rather modernise, enhance efficiency, and foster competitiveness in today’s economy.
Since assuming office as D-G of SIGA, Mr Boadu has ensured regulations are respected by all the specified entities.
SIGA was established in 2019 with the oversight responsibility over the performance of State-Owned Enterprises (SOEs), Joint Venture Companies (JVCs) and Other State Entities (OSEs).
Source: Yaw Sarpong | PlugTimes.com
