The Tema Development Company Limited (TDC) has been crowned the overall specified entity of the year at the maiden edition of the Public Enterprises League Table (PELT) Awards held in Accra.
The Public Enterprises League Table (PELT) is an innovation by the Minister for Public Enterprises (MPE) to assess the performances of Specified Entities (SEs) regarding compliance.
The Electricity company of Ghana emerged second followed by the Driver and Vehicle Licensing Authority. The Gaming Commission of Ghana placed fourth while the Ghana Grid Company Limited (GRIDCo) was ranked fifth.
Speaking on the theme; Improving Public Sector Business Outcomes, the Minister for Public Enterprises, Joseph Cudjoe said “The charge to resolve such an old age problem, required that we deploy different policy decisions from the ancient ways of doing things to restructure the state entities and deliver on the President’s vision for industrial growth, corporate growth and institutional growth to create expansion of the economy for job creation.
“The President’s to vision solve problems of the public enterprises is what led to establish SIGA to represent government’s interest and oversight the state enterprises to deliver the results we desire. It is the same vision is what led to the appointment of a Minister for Public Enterprises for the first time in the history of Ghana, to oversight SIGA and also bring issues relating to public enterprises to the President’s Cabinet and to the Economic Management Team”
The deputy finance minister Abena Osei-Asare said corporate governance will now be made mandatory for all SOE boards. This, she said, will help build the capacity of SOEs to effectively deliver on their mandate.
The Director-General, Amb. Edward Boateng expressed his happiness about the awards and the facts that it will generate healthy competition amongst Specified Entities. He explained the criteria for the awards, which are the Key Performance Indicators negotiated and signed between the Entities and SIGA.
