What additional value did your institution create this year? — President Mahama to SOE Leaders
By: Celestine Avi and Seth Eyiah President John Mahama has challenged every board chairperson and chief executive of a State-Owned Enterprise, SOE, to answer one fundamental question: “What additional value did your institution create for Ghana this year?” Speaking at the Governing Board and CEOs Conference in Accra, the President urged public institutions to demonstrate […]
President John Mahama addressed State-Owned Enterprise leaders at a conference in Accra, urging them to answer a crucial question: "What additional value did your institution create for Ghana this year?" The challenge arises as the nation grapples with state enterprises struggling with losses, mounting liabilities, poor financial reporting, and excessive dependence on government support.
Mahama reminded the public that state assets are entrusted to governments, boards, and management, and that these institutions must translate their public ownership into tangible value for citizens. He highlighted improvements in SOE performance, citing the Tema Oil Refinery, Ghana Water Company Limited, and COCOBOD as examples of financially viable enterprises when properly managed.
Mahama cautioned against relying on the national budget to cushion inefficiencies, urging the boards and CEOs to take performance contracts seriously and deliver measurable results. He warned that persistent underperformance would have consequences, including potential leadership changes.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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