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News - June 8, 2021

Cut Down Unnecessary Expenditure- Asabee to State Enterprises

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The Director-General of State Interests and Governance Authority (SIGA), Mr. Stephen Asamoah Boateng, has urged state-owned enterprises to as a matter of urgency cut down on all unnecessary expenditures to help the SOEs come out successful.

Listing down three things he believes will enable the state-owned enterprises to be successful, Mr. Asamoah Boateng urged that productivity must be increased whiles there’s an inflow of constant revenue to the state.

He however believes that cutting down unnecessary expenditure can enable some SOEs to employ more, which reduces unemployment and helps strengthen our economy.

Mr. Asamoah Boateng disclosed that his outfit will work hard to ensure that state entities gain profit for the government.

He however explained that his outfit has put prudent measures in place to regulate and monitor activities of all state entities.

“Since I took over in 2017, many of the state agencies have gained a lot of profit as compared to previous years, this means we are working very hard.’’

“Lack of transparency and supervision of State-Owned Enterprises (SOE’s) had contributed to the mess in the country in past times,’’ Mr. Stephen Asamoah Boateng told the media at a familiarisation tour by the Minister of Public Enterprises, Mr. Joseph Cudjoe.

Mr. Asamoah Boateng’s mandate also requires him to protect state institutions and as such, he is ready to go all lengths to protect the state interests.

He stressed that, even though he may be friends with many of the Directors and CEOs of state-owned businesses, he discharges his duties without fear or favor and holds all accountable

Story by: Kwaku Stephen

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