I will sack you if you don’t meet your targets - Bawumia to SOE heads

I will sack you if you don’t meet your targets - Bawumia to SOE heads

- Dr. Bawumia says severe sanctions will be meted out to managers of State-Owned Enterprises (SOEs) who fail to churn out profits

- The new directive comes on the back of a performance review of SOE in 2019

Our Manifesto: This is what YEN.com.gh believes in

Vice President Dr. Mahamudu Bawumia has sent a strong warning to the heads of the State-Owned Enterprises (SOEs).

Dr. Bawumia charged the State Interests and Governance Authority (SIGA), to sanction managers of the SOE who fail to churn out results or make profits.

He gave the directive at the 2020 performance contract signing ceremony with key managers of SOEs.

READ ALSO: Incompetent Akufo-Addo has made me lose my good looks - NDC National Organiser

How can a State Entity whose core function is to buy and sell a commodity that has a ready market and earn a commission, run into debts of hundreds of millions of Ghana cedis? Either someone doesn’t care or that we run these State Entities with private agendas,” the Vice President said.

Bawumia further noted that “in the past, the operations of the state entities were quite opaque but with SIGA, enhanced transparency and accountability is being introduced.

The Vice President also reminded the management and board members that their continued stay in their positions will depend on whether they meet the targets set for them in the performance contracts.

ATTENTION: Read the best news on Ghana #1 news app. Install our latest app for Android and read the best news about Ghana

SIGA was established in 2019 by an Act of Parliament to put state-owned enterprises and joint venture corporations on the path of profit-making.

READ ALSO: Bantama MP kneels to beg NPP Ashanti Regional Chairman Wontumi

Among other things, the Authority which took over the role of the then State Enterprises Commission works to increase profitability within the framework of government policy.

YEN.com.gh earlier report hundreds of Menzgold customers have stormed the Trassaco residence of the company’s CE0, Nana Appiah Mensah to retrieve their locked up funds.

The aggrieved customers bused from Tarkwa, Kumasi and other parts of the country say they can no longer tolerate the spin and lies of NAM1.

Your stories and photos are always welcome. Get interactive via our Facebook page.

Source: YEN.com.gh

Online view pixel