STRATEGIC STATEMENT FROM THE DIRECTOR-GENERAL OF THE STATE INTERESTS AND GOVERNANCE AUTHORITY (SIGA)
Transforming Ghana’s State Entities for Economic Growth and National Development
At the State Interests and Governance Authority (SIGA), we are committed to driving the transformation of Ghana’s State-Owned Enterprises (SOEs), Joint Venture Companies (JVCs), and Other State Entities (OSEs) collectively called Specified Entities (SE) into efficient, and high-performing institutions that contribute meaningfully to national development.
Our strategy is designed to align with the government’s economic growth agenda, particularly within the framework of the 24-Hour Economy Policy. Through a comprehensive restructuring of SEs, we aim to optimize asset utilization, enhance service delivery, improve financial performance, and create sustainable employment opportunities.
This transformation will be driven by corporate governance reforms, performance-based management systems, and technology-driven operational frameworks. SIGA will work collaboratively with key stakeholders to ensure SEs become engines of economic growth, innovation, and national resource mobilization.
We envision to transform Ghana’s Specified Entities (SEs) into profitable, operationally efficient, and globally competitive institutions that drive national economic growth and development.
Through strategic oversight we will enforce good corporate governance practices, and implement performance-driven management frameworks, continuous capacity-building, ensuring that Ghana’s SEs maximize value creation, optimize resource utilization, and enhance socio-economic impact.
Strategic Pillars Driving Our Transformation
To achieve this, we have structured our strategy around five key pillars:
- Corporate Governance Reforms – We will enhance governance by enforcing best practices, establishing independent and professional boards, ensuring compliance with performance contracts, and strengthening risk management frameworks.
- Performance-Based Management Systems – A robust performance evaluation system will be implemented, ensuring rigorous monitoring, cost recovery mechanisms, and real-time financial analysis.
- Technology-Driven Operational Reforms – We will modernize SE infrastructure, integrate Enterprise Resource Planning (ERP) systems, and promote digitalization to improve operational efficiency and transparency.
- Strategic Public-Private Partnerships – Working with stakeholders SEs will engage with private sector partners, explore Public-Private Partnerships (PPPs), and leverage capital markets to drive investment.
- Continuous Capacity Building & Research – To remain dynamic and adaptable, SIGA will invest in research-driven decision-making, training programs, and leadership development initiatives to foster a culture of continuous improvement.
Ensuring Financial Sustainability: A Top Priority
Financial sustainability is the foundation of our transformational agenda. A thriving SE sector means a stronger economy, increased employment, and greater contributions to Ghana’s GDP. To achieve this:
- SIGA will work with government partners to establish a mechanism for reimbursing SEs for Public Service Obligations (PSOs), ensuring they are compensated for mandated non-commercial services.
- We will focus on cost recovery, efficiency improvements, and revenue optimization to make SEs self-sustaining.
- We will explore alternative financing models, including PPPs and capital market solutions, to reduce dependency on government funding.
- Measuring Success: Performance Metrics & Accountability
Success will not be defined by words but by tangible results. We will track our progress through Key Performance Indicators (KPIs) across several dimensions, including:
- Improved Service Delivery – Increasing efficiency and responsiveness to national needs.
- Employment Generation – Creating more sustainable jobs through the 24-hour economy framework.
- Financial Sustainability – Operating above cost recovery levels while ensuring profitability.
- Optimized Asset Utilization – Enhancing productivity and increasing service availability.
- Strategic Investments in Productive Assets – Allocating resources to infrastructure, technology, and capacity development.
- Contribution to GDP – Strengthening economic output, revenue generation, and employment.
- Increased National Resource Envelope – Mobilizing more revenue, reducing fiscal burdens, and enhancing tax compliance.
Engaging Our Stakeholders
Collaboration with Sector Ministries, the Ministry of Finance (MoF), the Auditor-General’s Office, and the Public Financial Management (PFM) Reform Secretariat will be critical in delivering this strategy. Effective engagement with SE boards, management teams, employees, private sector players, and development partners will ensure shared responsibility and commitment toward achieving our objectives.
A Call to Action
To realize this vision, we must work together—across government, the private sector, and civil society—to transform Ghana’s SEs into globally competitive, financially sustainable institutions that drive economic growth and national development.
We urge all stakeholders to embrace this transformation agenda and actively participate in shaping a stronger, more resilient, and more prosperous public sector.
Together, we will deliver excellence, improve governance, and ensure that Ghana’s SEs become pillars of national progress.
Professor Michael Kpessa-Whyte
Ag. Director-General, SIGA
