The Director-General of the State Interests and Governance Authority (SIGA), Ambassador Edward Boateng has said Ghana is making significant progress toward achieving the President’s vision of Specified Entities (SEs) contributing at least 30% to GDP.

Amb. Boateng says according to recently released figures by the office of the Controller and Accountant General, Specified Entities contributed 10% to GDP in 2022, better than the 3% made in 2021.  He made this known while speaking on a panel discussion on the topic: “The Role of State-Owned Enterprises in Building Ghana’s Economic Superhighway through Public-Private Partnerships”, on the first day of the Ghana Investment and Trade Week Summit.

In his submission Ambassador Edward Boateng underscored the pivotal role of the public sector in facilitating an environment conducive to the success of private sector enterprises. Specified Entities need to be substantial tax contributors to the economy as pertains in other countries. He further stressed the mandate of SIGA to ensure that SEs adhere to strong corporate governance principles, thus ensuring their profitability and efficiency.

He further expressed his belief that Ghana is well on its way to fulfilling the President’s vision of SEs constituting at least 30% of the GDP, as long as the public enterprises sector continues along its current trajectory.

Ghana Investment Trade Week (GITW) is a 3-day business fair organized by the Ghana Investment Promotion Centre (GIPC) in partnership with the MIE Group. It aims to showcase Ghana’s investment opportunities and draw attention from key source markets in Asia, the Middle East, and Europe.

The summit’s theme, “Accelerating Economic Growth: Amplifying Ghana’s Global Market Footprint Through AfCFTA,” resonated through various sessions, including speeches, panel discussions and exhibitions.

Other key participants at the event included the Mr. Yofi Grant, the CEO of GIPC, South African High Commissioner to Ghana, the Chief Executive Officer of the Ghana Free Zones Authority, and the Pakistani Ambassador to Ghana.

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