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Business News of Wednesday, 22 May 2024

Source: SIGA

SIGA Management pays courtesy call on Asantehene

SIGA management in a group photo with the Asantehene, Otumfuo Osei Tutu II SIGA management in a group photo with the Asantehene, Otumfuo Osei Tutu II

As part of the State Interests and Governance Authority’s (SIGA) plans to engage key stakeholders to gather support for its activities and Specified Entities, the Director-General and senior management of SIGA paid a courtesy call on the Asantehene, Otumfuo Osei Tutu II, at the Manhyia Palace.

The purpose of the visit was to officially introduce Mr. John Boadu as the new Director-General of SIGA and also update him on the activities undertaken since his appointment in December 2023.

The visit also offered the team an opportunity to hold further discussions on areas where SIGA can collaborate with the Palace to garner support for the implementation of its activities.

Speaking at the meeting, Mr. John Boadu thanked the Asantehene for the opportunity to apprise him on SIGA’s achievements since the previous meeting with SIGA management. He mentioned that SIGA and the Ghana Revenue Authority are the two organisations in Ghana expected to generate revenue for the country per their mandates.

He said, “SIGA is collaborating with all stakeholders to ensure that the entities under our ambit are profitable and adhere to good governance practices. For the past five years since our establishment, we have improved on the financial reporting and compliance of our Entities and increased their contribution to the National accounts by a significant margin"

The Asantehene on his part welcomed the delegation and commended the Management of SIGA for its dedication to achieving its mandate.

He stated that the government of Ghana established State-owned Enterprises to benefit Ghanaians, however, over the years due to challenges which plagued the sector, not much benefits had been received by the citizens.

He said, “government has invested a lot of resources into these entities to ensure that its citizens reap the rewards of these investments. SIGA must ensure the ultimate goal for setting-up these entities are fully realised.”

He also entreated SIGA to review the mandates for setting up of some of the entities to make recommendations to the government on whether to divest or recapitalise them to enable them meet industry standards.

Mr. John Boadu appreciated Asantehene for the warm reception and his pledge to support SIGA’s work and promised to periodically update Otumfuo on SIGA’s progress and request his advice and support when needed.

Members of the delegation included Mr. John Boadu, Ag. Director-General. State Interests and Governance Authority (SIGA), Mr Stephen Asiedu, Ag. General Manager, Operations (SIGA), Madam Alexandra Totoe Ag. General Manager Finance and Administration, Dr. Kwame Agyemang-Budu, Senior Technical Advisor, Energy Sector, Mrs Afua Frempong, Manager, Corporate Affairs, Mr. Emmanuel Aniagyei, Manager, Director-General Secretariat, Ms. Araba Pratt, Assistant Manager Corporate Affairs and Mr. Roger Tay, of the General Services unit.