We Are Seeking Strategic Partnership for SOEs – Hon. Joseph Cudjoe

The Minister of Public Enterprise Hon. Joseph Cudjoe says his Ministry and the State Interests and Governance Authority (SIGA) would be seeking strategic partners for State Owned-Entities (SOEs).

Hon. Cudjoe made this revelation when he paid a day’s working visit to the State Interests and Governance Authority.

He was accompanied by Madam Christina Edmund, Chief Director, Mr. Samuel Aning, Policy Analyst, Belinda Bediako Asiedu, Assistant Director, Priscilla Naa Dedei, Executive Assistant to Minister and Paa Kwesi Agyefi, Communication Officer.

The delegation was met by the Director-General of SIGA, Hon. Stephen Asamoah-Boateng, Mr. Andrews Akwasi Frimpong, General Manager in-charge of Finance and Administration and other senior management members of SIGA.

At SIGA the Minister and the Director-General met and interacted with some selected media as part of the working visit before going into a meeting with the management of SIGA.

Hon. Stephen Asamoah-Boateng in his welcome address expressed his delight about the visit of the minister. “Even though this is your first official visit, we have met several times since you were appointed and we are encouraged by this official visit” he said.

The Director General concluded; “SIGA is the vehicle for you to achieve your mandate as you are aware. The reason for setting up SIGA is to help make SOEs profitable and self-sustaining in order to serve the government and the public. SIGA is to ensure uniform operational directives. In the past SOEs were not doing well because they were not receiving uniform operational directives as each ministry operated differently”

The Minister also spoke about President H.E. Akufo Addo’s vision for the private sector with the 1 District 1 Factory programme which has resulted in the setting up of 76 private sector led factories and said, the president expects that the huge investments made into SOEs will yield wealth for the country.

“We do not want these SOEs to come and compete for scarce resources needed for investment into critical sectors of the economy such as roads, health, education etc”; he said.

Hon. Cudjoe however, said all this will change as his ministry and SIGA will be working to seek strategic partners for SOEs.

In the discussion session management briefed the minister and his team on programmes, projects, and challenges SIGA faced in its quest to deliver on its mandate.

The working visit ended with Hon. Cudjoe visiting all offices in SIGA to interact with staff and to share words of motivation. 

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