Director-General of SIGA, Professor Michael Kpessa-Whyte
The Director-General of the State Interests and Governance Authority (SIGA), Professor Michael Kpessa-Whyte, has called for a collective commitment to transforming Ghana’s State-Owned Enterprises (SOEs) and Specified Entities into world-class institutions.
According to him, the sector responsible for protecting the country’s assets must be diligent and transparent in its operations.
“We are the custodians of Ghana’s state assets, entrusted with the sacred duty of managing these resources for the benefit of our people. It is our collective duty to ensure that our SOEs operate with the utmost integrity, transparency, and accountability,” he stated.
Prof. Kpessa-Whyte made these remarks during his welcome address at a high-level engagement with sector leaders of Ghana’s SOEs, Specified Entities, and President John Dramani Mahama at the Kempinski Hotel in Accra on March 13, 2025.
The event, hosted by SIGA, brought together heads of SOEs, government officials, and development partners to discuss strategies for improving governance, transparency, and operational efficiency to strengthen these institutions.
The SIGA Director-General urged leaders to prioritize transparency, ethical leadership, and strategic foresight in their decision-making processes.
“Weak governance structures lead to inefficiencies, financial mismanagement, and institutional failure. But where there is strong governance, there is resilience, growth, and long-term success,” he noted.
Prof. Kpessa-Whyte further called for bold, decisive action to transform SOEs into globally competitive entities, emphasising the need for innovation, digital transformation, and human capital development to drive sustained value creation.
“The time has come to move beyond mere survival to sustained value creation. We must invest in innovation, optimize resource utilization, and foster a culture of excellence,” he said.
The event also marked the beginning of preparations for the 2026 Financial Year Performance Contracts, which will be signed in December 2025.
These contracts are expected to reflect the government’s commitment to enhancing the efficiency and profitability of SOEs.
The engagement concluded with a call for open dialogue and strategic alignment among all stakeholders to drive the agenda forward.
“What we need is bold, decisive action and a collective commitment to making our SOEs models of efficiency, profitability, and national pride.
“We will, therefore, reflect these priorities in our negotiated Performance Contracts with our SOEs and other state entities for the 2026 Financial Year, which will be signed in December this year,” he concluded.
ID/MA
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