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Akufo-Addo Committed to Revitalizing State-owned Enterprises – Public Enterprises Minister
The Minister for Public Enterprises, Joseph Cudjoe, has assured of government’s commitment to revitalise State-owned enterprises.
His comments come on the heels of a recent SIGA report on the 2020 performance of State-Owned Enterprises.
State-Owned Enterprises (SOEs) recorded GH¢2.61 billion losses in 2020, according to the 2020 State Ownership report.
In an interview on the Point Blank segment on Eyewitness News, Mr. Cudjoe said mismanagement of state-owned enterprises is what has crippled productivity in these institutions.
He said President Akufo-Addo has begun implementing different prgrammes to deal with managerial issues in the various public agencies.
“Management has always been a problem. This is why President Akufo-Addo is keeping an eye on the investment portfolio of the state.”
“We have taken several steps to check them. One of such is the establishment of the State Interest and Governance Authority (SIGA), to oversee these entities. But the most important step is what we have taken, to get them to report their finances up to date, and then we can control the situation. President Akufo-Addo is committed to revitalizing State-owned enterprises,” he added.