Public Enterprises Ministry to launch league table to track SOEs
Published:
1 month ago
Source:
MyJoyOnline
The Ministry of Public Enterprises is set to launch a league table to assess and highlight the performance of state-owned entities. This initiative aims to address the ongoing concerns about the financial losses many of these enterprises have suffered over the years. The minister of public enterprises, Joseph Cudjoe announced the upcoming publication at a media briefing in Accra, explaining that the league table will foster competition among state enterprises and bring to light those that are underperforming.
"As soon as you put people in competition to do anything, you get the best out of them. So this innovation I brought about, called the public enterprises league table, puts the enterprises together and ranks them from governance, management and to profitable issues, use of technology in their expectations and digitalisation. It is expected of the public enterprises to deliver on this and the public enterprise league table will look at that element as part of the performance assessment criteria."
"We will be able to know which companies have improved in performance and which of them have slugged in performance and what necessary strategies have been put in place to assist.