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Business News of Tuesday, 26 February 2008

Source: GNA

Government to remove some SOEs from subvention

Accra, Feb. 26, GNA - Government on Tuesday said it was carrying out rationalisation studies to identify institutions that would be removed from government subvention.

Mr. Samuel Owusu-Agyei, Minister of Public Sector Reforms, told the or closure.

He said under the implementation of the Subvented Agencies Law, the memorandum of understanding signed with some organisations to validate transformation plans, select best options, determine cost and select intervention for support based on an anticipated impact on their sustainability would be reviewed.

Among the organisations mentioned were the Ghana News Agency, W. B.E Du Bois Centre, Bureau of National Investigations (BNI), Controller and Accountant General's Department, Ghana Universities Press and Ghana Regional Appropriate Technology Industrial Service (GRATIS). Mr Owusu-Agyei said amendments were also being made to primary legislations to make subvented agencies more corporate in nature, rationalise control procedures, increase managerial autonomy and alter the form, duties and responsibilities of boards of directors. He explained that the idea was to reduce their dependence on government subvention and at the same time improve their efficiency, productivity and accountability.

Mr Owusu-Agyei said government was committed to the reform agenda hence the implementation of all the reform proposals, since failure to do so might lead to the evaporation of the commitment and a frustration with the public sector reform process.