Economy

SOEs poised to boost tax revenue, GDP

Eugene Davis The Director-General, State Interests and Governance Authority (SIGA), Amb. Edward Boateng believes that State Owned Enterprises(SOEs) are not too far from becoming good net contributors of tax revenue and gross domestic product(GDP) of the country. His comment is on the back of the Controller and Accountant General’s Department, indicating that the country’s balance sheet on its national account is “looking good”. It followed the consolidation of the accounts and assets of SOEs and Specified Entities (SEs). This initiative has seen significant growth in the country’s GDP in the last three years, with SOEs and SEs making ‘decent’ contributions....
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