The Director General of State Interests and Governance Authority (SIGA), Ambassador Edward Boateng has disclosed that State Owned Institutions (SOEs) in the country have seen a significant reduction in losses between 2019 and 2022.
In an interview with ABC News GH on its maiden Ghana Rising syndicated TV/Radio programme, on Wednesday, October 4, 2023, the SIGA boss said between 2019 and 2022, SOEs losses had reduced from 6.3 billion to 1.6 billion translating to 74% reduction.
“Between 2019 and 2022, State-Owned Institutions have witnessed a remarkable reduction in losses, showcasing the effectiveness of our strategies. SOEs between 2019 and 2022, SOEs losses had reduced from 6.3 billion to 1.6 billion. This achievement highlights the positive impact of our measures,” Amb. Boateng affirmed.
He said the concerted efforts and strategic initiatives implemented by SIGA have resulted in a significant decline in the losses within the SOE sector. He emphasized that the reduction in losses demonstrates SIGA’s commitment to fostering financial stability and sustainability within these institutions.
He vowed to institute more rigorous measures in order to make SOEs in the country more profitable.