Energy sector agencies and other state enterprises in the Republic of Ghana will soon be ranked on a league table to assess their performance.
Among the state enterprises is the Ghana Grid Company (GRIDCo), Electricity Company of Ghana (ECG), Bui Power Authority, Ghana National Gas Company, Ghana National Petroleum Corporation (GNPC), Petroleum Commission, GOIL Company Limited, National Petroleum Authority, Bulk Oil Storage and Transportation Company (BOST), Tema Oil Refinery (TOR) and Volta River Authority (VRA).
The rest are the Tema Development Company (TDC), GIHOC, Ghana Cylinder Manufacturing Company, Ghana Airport Company Limited, National Lotteries Authority, Ghana Ports and Harbours Authority and State Transportation Corporation.
According to the Minister for Public Enterprises, Joseph Cudjoe, his outfit would, on June 30, 2022, officially launch the league table initiative.
He said the initiative would be concentrating on the targets set in the performance contracts of the various public sector enterprises and how best they have achieved them.
He said awards would be given to enterprises that performed very well and those sinking would be supported to upgrade their performance.
The aim of the league table, the Minister said, is to monitor the performance of the enterprises and ensure they are up to the task.
Hon. Joseph Cudjoe disclosed this when he paid a working visit to Ghana Grid Company Limited (GRIDCo) last Wednesday, June 8, 2022.
He said the government is also working hard to tighten performance contracting regimes to ensure the public enterprises meet the targets set in their contract.
He added that the government was putting in place measures including good governance practices in various institutions just as in the private sector.
He appealed to Ghanaians and authorities to help in safeguarding investments in state-owned enterprises.
Hon. Cudjoe explained that a lot of state resources had been invested in specified entities which include the SOEs, JVCs and regulatory firms, but those investments had not yielded the expected results in terms of performance, output and outlet.
According to him, the public sector works within the framework of government policy, the efficient and profitable operations of statutory corporations engaged in the trade.
Hon. Cudjoe expressed regret at the loss of investment in Ghana’s one-time automobile industry among others, which was mismanaged leading to their collapse.
The Minister and his entourage were taken to the Systems Control room.
On his part, Ing Ebenezer Essienyi, Chief Executive Officer (CEO) of the country’s power transmission company, GRIDCo, expressed gratitude to the Minister, who also happens to be the former Deputy Minister for Energy in charge of Finance and Infrastructure, for visiting the company.
Source: https://energynewsafrica.com