The State Interests and Governance Authority (SIGA) says Ghana’s state-owned enterprises have demonstrated significant potential to improve their performance and contribute more meaningfully to national development.
Director-General of SIGA, Prof. Michael Kpessa-Whyte, made the observation while commenting on the 2025 State Ownership Report, which provides an assessment of the performance and governance of Ghana’s state-owned enterprises.
Prof. Kpessa-Whyte said the report provides evidence that state enterprises can perform well when they are properly managed, governed and given the necessary conditions to operate effectively.
He said the performance of some enterprises demonstrates that state ownership does not necessarily have to result in inefficiency or financial losses, stressing the importance of strong corporate governance, accountability and effective management.
According to him, the findings of the report should encourage stakeholders to pay greater attention to the opportunities within state-owned enterprises and support measures that can improve their efficiency and financial sustainability.
He noted that well-performing state enterprises have the potential to generate revenue, create employment and provide critical services while contributing to the broader economic development of the country.
Prof. Kpessa-Whyte further emphasised the need for continuous monitoring and performance assessment to ensure that state enterprises operate in line with their mandates and deliver value to the Ghanaian taxpayer.
The 2025 State Ownership Report is therefore expected to provide policymakers and other stakeholders with important information to guide decisions on the management, governance and future direction of Ghana’s state-owned enterprises.
Source: Newspyramid.com
