• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Friday, January 27, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

SIGA will help boost performance of state institutions – Bawumia

Nii Larte LarteybyNii Larte Lartey
January 8, 2020
Reading Time: 2 mins read
ShareShareShareShare

Government says it will ensure that, the State Interests and Governance Authority (SIGA) invokes aspects of the law which spell out sanctions against state institutions that do not operate at their maximum levels.

He says the move will address issues of underperformance of state institutions and turn most of them into profit yielding ventures.

This also comes on the back of a performance review for state enterprises in 2019.

Speaking at a 2020 performance contract signing ceremony, Vice President Dr. Mahamudu Bawumia emphasized the need to change the seeming opaque operations which often led to the payment of debts by successive governments.

“SIGA is charged to focus on designing and implementing comprehensive policies and guidance that will assist our state entities to highly perform. It has also been charged to analyze extensively, the root causes of underperformance of some of these entities, examine best international practices and benchmark performance to help upgrade policies and legal framework governing the entities and make recommendations to the president in the appointment of boards and management who will have the right experience and skill-mix to transform the entities as stated in the SIGA law Act (990).”

The SIGA replaced the State Enterprises Commission (SEC) which had a supervisory role over the performance of all institutions with a majority of state ownership.

The new Authority derives its mandate from the SIGA law, Act 990 which was passed in 2019.

The Act that established the State Interests and Governance Authority, was to oversee and administer the State interests in state-owned enterprises, joint venture companies and other State entities and to provide for related matters.

The objectives of the Authority are to promote within the framework of Government policy, the efficient or where applicable profitable operations of specified entities, ensure that specified entities adhere to good corporate governance practices, acquire, receive, hold and administer or dispose of shares of the State in state-owned enterprises and joint venture companies and oversee and administer the interests of the State in specified entities.

Among other things, the Authority is mandated to in consultation with the respective sector Ministers, evaluate the mandates of State-owned enterprises and other state entities and make recommendations to the relevant sector Ministers.

Share230TweetSendSend
Previous Post

Kenya: Man confesses to being militant Islamist in church

Next Post

Sunyani West DCE rejects allegations leveled against him by NPP executives

Related Posts

Top Stories

Appiate explosion: 190 casualties recorded, 96 discharged; 384 displaced – Police

January 22, 2022
Top Stories

A summary of the controversial Saglemi housing project

April 28, 2021
NDC Manifesto
Opinion

Business promises in NDC’s people’s manifesto [Article]

September 18, 2020
News

Illegal immigrants to be repatriated when borders re-open – A/R Immigration Service

April 30, 2020
File photo
General

About 20 persons rounded up over Sissala East chieftaincy clash

January 13, 2020
General

Zoomlion marks World Environment day with clean-up exercise

June 8, 2019
Next Post
martin obeng

Sunyani West DCE rejects allegations leveled against him by NPP executives

TOP STORIES

Ministry of Education to open Creative Arts SHS in Kumasi

January 26, 2023

Ato Forson announces roadshow on COVID-19 audit report, economic crisis

January 26, 2023

NDC must review its laws on selection of parliamentary leaders – Sam George

January 26, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT