Director General for the State Interest and Governance Authority, Ambassador Edward Boateng, is poised towards strengthening State Owned Enterprises (SOEs) in the country to contribute to Gross Domestic Product (GDP).
In spite of State-Owned Enterprises’ obligation to contribute its quota to GDP, the situation looks unbalanced after controlling about 50 percent of national assets yet contribute less than 5 percent to the country’s GDP in 2020.
Speaking at a media briefing today at the institution’s office in Accra, the Director-General for SIGA, Mr. Edward Boateng pledged his commitment to contribute immensely to the economic transformation of the country, as he sets a benchmark of 25 percent quota to GDP by SOEs.
According to him, the authority is putting in measures to instigate the act of productivity among SOEs to surpass the 21 percent recorded last year whiles it strives to attain its goal of 30 percent.
“We are very low on the curve. Our goal is that we will move them up. Last year we came up but this year we will go a bit higher. I think last year according to controller, we move from 5percent to 21 percent hoping that we can get to about 25 percent”, he said.
Ambassador Boateng also stated that the level of compliance among State Owned Enterprises in recent times is one of a kind as compared to the worrying issues of non-compliance over the years.
He maintained explained that within the space of a year, his staff grew in confidence to ensure smooth and effective administration of all Specified Entities. This he said is evident in the transformation of the Entities in every department of operations.
By: Miriam Akuetteh
