Kwaku Anane Gyinde has lauded President John Dramani Mahama's directive for the State Interests and Governance Authority (SIGA) to conduct independent audits of state-owned enterprises (SOEs) to evaluate their efficiency and financial viability.
Speaking on the Asaase Breakfast Show, Gyinde stressed the need to separate politics from the governance of SOEs, advocating for a competitive and merit-based selection process for board members. "If you appoint people who are politically inclined but lack the necessary expertise to lead these entities, the result is inefficiency," he stated.
He further criticized the frequent changes in SOE leadership, arguing that it negatively impacts long-term strategic planning. "Strategic decisions in business take years to mature, but in Ghana, we change board members every four years.
How can we expect these enterprises to function effectively?" Share this:Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window) Related Topics:Feature Advertisement You may like Stop the blame game, NPP's defeat was collective - Kabiru Bawumia will only contest if he remains NPP's best option - Abdul Kabiru Transport fares to increase by 20% from March 17 - Drivers' union announces Dr.
