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President Akufo-Addo has directed the Director General of the State Interest and Governance Authority (SIGA) to investigate the infractions cited in the 2021 Auditor-General’s report.
As part of the probe, persons responsible for the said infractions are to be identified according to the President’s directive.
The president, while addressing Board Chairs of State-Owned Enterprises (SOEs) announced that both the Auditor General and the CEO of SIGA have four weeks to comply with the directive and make necessary recommendations.
“I am directing the Director General of SIGA to work with the Auditor General to drill down the causes of the infractions, identify the persons responsible and make the necessary recommendations as prescribed by law. I have given them four weeks from now to submit a report to the Chief of Staff.”
President Akufo-Addo also chided the SOEs for failing to declare profits contrary to his expectations.
“I appointed you as leaders of these specified entities with a strong belief that you will ensure a positive change in the narrative of loss-making entities and build value for the people of Ghana. That has not happened so I expect more from you.”
He added that he hopes to witness some improvement in these reports next year noting that there must be a change since the country is not in normal times.
In his view, people are eager to blame somebody therefore, authorities must not “make it easy for people to blame us. We can defend and be excused for what is humanly beyond our control but for those that fall under our purview of responsibility and capacity, let us do our best.”
While calling for good corporate governance practices in State entities, President Akufo-Addo cautioned that “boards must desist from interfering into day-to-day management of their respective specified entity and making unwarranted demands of their management.”
