The Director-General of the State Interests and Governance Authority (SIGA), Prof. Michael Kpessa-Whyte, has issued a strong endorsement of President John Dramani Mahama’s recent directives to the heads of State-Owned Enterprises (SOEs), calling them clear and non-negotiable.
Prof. Kpessa-Whyte emphasized that the President’s expectations for improved efficiency and financial accountability within SOEs are unwavering, and that any underperforming leaders will face swift consequences, including possible removal from their positions.
In a bold move aimed at addressing long-standing issues of financial mismanagement and inefficiency within SOEs, President Mahama has called for a comprehensive overhaul of these entities.
His directives are part of a broader initiative to ensure that SOEs contribute more effectively to national development while minimizing wasteful expenditures and mismanagement of public resources.
Prof. Kpessa-Whyte, in response to these directives, reaffirmed SIGA’s commitment to ensuring that all State-Owned Enterprises adhere to the new standards set by the President.
Speaking in an exclusive interview with Ahotor News, he underscored that SIGA would play a key role in monitoring SOEs and holding their leaders accountable.
“This is not a suggestion, but a directive,” he said, adding that the performance of SOEs will now be closely scrutinized through regular performance-based evaluations.
The Director-General highlighted that SIGA would ensure a rigorous approach in evaluating the financial health, management practices, and operational output of SOEs. This approach, he explained, would focus on enhancing transparency, reducing inefficiencies, and ultimately improving the public sector’s ability to contribute to economic growth.
He also noted that underperforming leaders who fail to align with the set expectations for financial accountability and operational efficiency will not be given a free pass.
The new performance-based evaluation system, he emphasized, would hold SOE leaders to the highest standards of performance, with an emphasis on measurable results.
Prof. Kpessa-Whyte further pointed out that the recent changes also signal a shift in the government’s approach to governance. He explained that a more structured and results-driven framework will be established, ensuring that the public’s trust in these vital institutions is restored.
The impact of these changes, he noted, could not be understated, as they are expected to increase the financial contributions of SOEs to the national economy and improve public service delivery.
LISTEN TO THE AUDIO BELOW:
Audio PlayerStory by: Osei Akoto (Teacher Kojo) #ahotoronline.com/oseiakotor1@gmail.com
