SIGA urges State Enterprises to strengthen partnerships for sustainable growth and governance

Stephen Asiedu, the General Manager of Operations at the State Interest and Governance Authority (SIGA), has called on leaders of state-owned enterprises and specified entities to establish partnerships aimed at fostering growth and development. 

Addressing the CEOs at the opening of the Annual Policy and Governance Forum last Tuesday, he emphasized the importance of seizing the moment to engage in constructive dialogue, share insights, and build partnerships that drive progress.

Asiedu stressed the necessity for steadfast commitment to the principles of good governance and serving the interests of the Ghanaian populace. The forum, themed “Maximizing Benefits from State Ownership/Interests through Effective Corporate Governance,” provided an ideal platform to evaluate past achievements, address current challenges, and set a path toward enhanced governance frameworks and practices.

During the event, Asiedu announced the launch of two critical documents: the State Ownership Policy and the Code of Corporate Governance for Specified Entities and Public Service Organizations. These documents represent SIGA’s dedication to setting high governance standards and are the result of extensive efforts to ensure integrity, efficiency, and effectiveness in managing specified entities.

He also took the opportunity to express gratitude to President Nana Akufo-Addo for his appointment and vowed to serve diligently. President Akufo-Addo, the special guest at the forum, officially launched the policy documents. He emphasized that these are not just regulatory formalities but are essential for the sustainable development of the nation.

The President highlighted that Ghana has made substantial progress in reinforcing corporate governance across various sectors through reforms aimed at boosting transparency, optimizing operations, and reducing risks within state-owned enterprises. He stated, “By leveraging sound governance practices to maximize benefits from state ownership, we can fully utilize our resources, drive inclusive growth, and forge a better future for all Ghanaians.”

The Annual Policy and Governance Forum underscores SIGA’s commitment to ensuring that state-owned enterprises operate efficiently, transparently, and accountably, thereby delivering optimal benefits to the citizens and the economy at large.

By Eugene Davis