{
  "id": 13076034,
  "title": "SIGA urges state entities to collaborate to create more value",
  "url": "https://urgent.news/2026/10/09/siga-urges-state-entities-to-collaborate-to-create-more-value",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T08:34:23.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/10/09/siga-urges-state-entities-to-collaborate-to-create-more-value/"
  },
  "original_language": "en",
  "account": "The State Interests and Governance Authority (SIGA) has called on state-owned enterprises and related entities to work together, capitalizing on their unique strengths to generate more value for Ghana. Professor Michael Kpessa-Whyte, SIGA's Director-General, highlighted that enhanced cooperation among state institutions can boost efficiency, broaden services, generate employment, and enhance financial performance. He cited the SIC Life Insurance and National Investment Bank (NIB) partnership as a prime example of how public entities can combine their offerings, products, expertise, and client networks to add value within the state-owned enterprise structure. SIGA oversees around 175 state entities, many of which offer services that could also benefit other government agencies. Accordingly, the authority is pushing for commercially sustainable cross-selling among these entities, under the condition that these partnerships are built on solid corporate governance and rigorous commercial analysis. Kpessa-Whyte stressed that this isn't about favoring one entity over others, but about maintaining value within the public sector while ensuring that collaborations benefit the institutions and the nation. He noted that numerous state organizations have complementary capabilities that could be pooled to improve customer service, expand market share, and boost financial performance. SIC Life provided insurance know-how and a diverse range of products, while NIB brought banking infrastructure and a wide client base. This partnership would let NIB clients access insurance solutions through familiar channels, while at the same time giving SIC Life a chance to grow its customer base. The Director-General urged state leaders to pinpoint areas of mutual need and capability, and to investigate partnerships that are commercially viable and capable of delivering measurable benefits. Kpessa-Whyte emphasized that SIGA will continue to foster communication among its specified organizations, and will encourage them to make more use of the services available within the state-owned enterprise network. He also hinted that the Authority might start including partnerships among the metrics used to evaluate its entities' performance. The SIGA Connect initiative is helping these entities showcase their products and services, identify shared needs, and explore collaboration prospects. The Director-General stated that the effectiveness of the SIC Life-NIB partnership would be gauged by expanded customer reach, enhanced services, improved efficiency, revenue growth, and greater financial sustainability. He said this successful collaboration should inspire more purposeful cooperation among specified entities in domains such as banking, insurance, transportation, energy, technology, accommodation, and training.",
  "summary": "The State Interests and Governance Authority (SIGA) has urged state-owned enterprises and other specified entities to collaborate and leverage their respective strengths to create greater value for Ghana. The post SIGA urges state entities to collaborate to create more value appeared first on Ghana Business News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}