News | SEC to SIGA: Gov’t to collapse and replace State Enterprise Commission

SEC to SIGA: Gov’t to collapse and replace State Enterprise Commission

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The Government of Ghana will soon collapse the State Enterprise Commission and replace it with the State Interest and Governance Authority (SIGA).

This will also see the dissolution of the Divestiture Implementation Committee.

In an interview with Accra-based Starr FM, the Executive Director for the State Enterprise Commission, Steven Asamoah Boateng said this is expected to create a central point for all state agencies to receive approval for all their operations.

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The new body will enhance the efficiency of State companies.

“It will cure a lot of multiplicity on monitoring. You have a lot of agencies monitoring our State enterprises so sometimes information is lying everywhere and it depends on where you pick information and it’s all in bits and pieces. You need to bring all together so that the shareholder will have a fair idea on return of investment.”

“At the end of the day it is government money; it is public purse, it is the taxes that we pay that has gone into creating these businesses; ECG, GPHA … these are public institutions so that there is better management of operation so that they can return our investment back to us through dividend and other activities,” he added.

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He explained further that SIGA, when established, will focus on ensuring that service delivery of state enterprises is monitored constantly to the benefit of customers.

“Like ECG apart from making profit they are supposed to serve us so their service delivery must be strengthened,” Mr. Boateng said.

The bill to form the State Interest and Governance Authority is currently before cabinet and is expected to be sent to parliament in October and likely to receive ratification by December 2018.

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By Kwame Ntow 10/10/2018 11:38:00