The Chief of Staff at the Presidency, Julius Debrah, on behalf of President John Dramani Mahama, has inaugurated a nine-member Governing Board of the State Interests and Governance Authority (SIGA) at a ceremony held at the Flagstaff House.

The newly inaugurated Board will steer the strategic direction of SIGA in line with its mandate to oversee and administer the State's interests in specified entities.

The new Board is chaired by Madam Nancy Dakwa Ampofo, a legal practitioner. Other members include Osei Poku, Anthony Selom Dzadra, Kwadwo Brentuo Mpeani, Peter Osei Asamoah, Professor Michael Kpessa-Whyte, Richard Kwame Siaw, Dr Emefa Aku Ansah, and Madam Vida Addae.

In his remarks, Julius Debrah charged the new Board to consolidate SIGA’s gains, strengthen institutional reforms, and provide strategic leadership to deliver on its mandate.

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He emphasised the critical role of SIGA in ensuring accountability, transparency, and improved performance of specified state entities.

Chairperson Madam Nancy Dakwa Ampofo pledged the commitment of all members to align SIGA’s work with government priorities, including the 24-hour economy and reset agenda.

The State Interests and Governance Authority (SIGA) was established by an Act of Parliament (SIGA Act, 2019 – Act 990) to oversee, administer, and guide the performance of state-owned enterprises (SOEs), joint venture companies, and other specified entities in which the State has an interest.

SIGA plays a pivotal role in driving reforms in the governance and management of SOEs, ensuring they operate efficiently and deliver value to the state. By monitoring performance, enforcing corporate governance standards, and advising government on policy directions, SIGA seeks to reduce financial losses, enhance accountability, and improve the overall contribution of SOEs to Ghana’s economic development.

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The Authority consolidates the functions of the former State Enterprises Commission (SEC) and the Divestiture Implementation Committee (DIC), thereby streamlining state ownership and governance of enterprises.