SIGA

16 Sep

President Commends SIGA For Reducing Financial Losses Among SOEs

wontumionlineBusinessSIGA

The President, Nana Addo Dankwa Akufo-Addo, has praised the State Interest and Governance Authority (SIGA) for significantly reducing financial losses among state-owned enterprises (SOEs) by over 40 per cent in 2023. Despite the achievement, he said some SOEs continue to operate at a loss and failed to comply with SIGA’s directives to submit their audited financial statements and management accounts. He was speaking at the 2024 SIGA annual stakeholders engagement held here on Thursday on the theme “5 Years of Championing Specified Entities Governance and Growth: The challenges and the way forward.” The meeting, attended by Chief Executive Officers of…

01 Feb

SIGA Targets 25% Contribution To GDP By SOEs In 2023

wontumionlineNewsSIGA, State Interests and Governance Authority

State-Owned Enterprises will contribute 25 per cent of the country’s Gross Domestic Product (GDP) in 2023, the State Interests and Governance Authority (SIGA) has projected. The Ministry of Finance had charged the Authority to ensure that SOEs become economically viable and contribute at least 30 per cent to the GDP. Mr Edward Boateng, Director-General of SIGA, told the Ghana News Agency on Tuesday that the SOEs, last year, contributed 21 per cent of the country’s GDP. “We are very low on the curve and we are working to ensure that it goes a bit higher. Last year, we moved from…