The Ministry of Finance, Ghana, has announced a series of initiatives to strengthen state-owned enterprises by appointing new boards and channeling government business to these entities, according to posts on its official Twitter account. The moves are part of broader efforts to improve governance and operational efficiency in key sectors.
Deputy Finance Minister Hon. Thomas Nyarko Ampem emphasized the government’s commitment to directing public and government business to state-owned enterprises wherever feasible. This strategy aims to enhance the financial stability and performance of these companies, aligning with Ghana’s ongoing economic reforms to promote transparency and accountability.
On the same day, the Ministry reported the inauguration of the new Board of Directors for SIC Savings and Loans Company Limited. Hon. Ampem urged the board to implement robust measures to strengthen the institution, signaling a proactive approach to addressing challenges within the financial sector.
In a parallel development, the Ministry announced the formation of a new Board of Directors for the Cocoa Processing Company (CPC) Limited. The Deputy Minister tasked the board with rescuing the company from its current challenges, underscoring the government’s focus on revitalizing critical industries like cocoa processing, a cornerstone of Ghana’s economy.
These appointments reflect the government’s broader strategy to enhance oversight and drive performance improvements across state-owned enterprises. The Ministry’s actions are seen as a step toward ensuring these organizations contribute effectively to Ghana’s economic growth and development.
