President Akufo-Addo exchanging pleasantries with ex-President Rawlings (2nd left) and Hackman Owusu Agyemang (left).<\/strong><\/p>\nPresident
\nAkufo-Addo has expressed disappointment in the performance of some State Owned
\nEnterprises (SOEs).<\/p>\n
Even
\nthough he did not mention names of specific institutions, he said \u201cpoor
\ngovernance, financial mismanagement and unfocused objectives have conspired to
\nrender these enterprises ineffective in their contributions to national
\ndevelopment.\u201d <\/p>\n
The
\nPresident expressed the reservation in Accra yesterday at the opening of the national
\nconference on the implementation of the African Continental Free Trade Area
\n(AfCFTA) agreement. <\/p>\n
The
\nconference is aimed at bringing together key stakeholders in Ghana to discuss
\nnational strategies and programme interventions to harness the benefits of the
\nAfCFTA.<\/p>\n
The
\nPresident said the ineffectiveness of some of the SOEs resulted in the enactment
\nof a law, ACT 9090 (2019) of the State Interests and Governance Authority
\n(SIGA) which is going to replace \u201cthe discredited State Enterprises Commission
\nand the Diverstiture Implementation Committee.\u201d<\/p>\n
SIGA
\nis chaired by past President of the Employers Association (GEA), Terry Darko,
\nwith Stephen Asamoah Boateng as Director-General.<\/p>\n
The
\nPresident anticipated that these personalities would help infuse good private
\nsector practices into the management of these public enterprises.<\/p>\n
He
\ncharged other regulatory bodies such as the Bank of Ghana, the Registrar of
\nCompanies, the Securities and Exchange Commission, the National Insurance
\nCommission, and the National Pension Regulatory Authority to see to the
\neffective regulation and supervision of the entities within their remit, saying
\nthat \u201cwe have seen what the previous failure of regulation led to, in the
\nbanking sector.\u201d <\/p>\n
\u201cIt
\nis essential that the regulatory bodies rise to the occasion and be up and
\ndoing in the discharge of their duties in order to promote discipline in the
\nactivities of the private sector,\u201d he said.<\/p>\n
President
\nAkufo-Addo said the campaign for Ghana to win the bid to host the secretariat of
\nthe AfCFTA was a national one that involved two former Presidents, Jerry John
\nRawlings and John Agyekum Kufour; the Asantehene, Otumfuo Osei Tutu II, as well
\nas many other eminent statesmen.<\/p>\n
Minister
\nfor Trade and Industry, Alan Kwadwo Kyerematen, said he was looking forward to
\nharvesting rich ideas and proposals from the three-day conference that would
\nlead to the successful establishment of the AfCFTA secretariat in Ghana.<\/p>\n
The
\nthree-day conference is expected to have eight different
\nsessions that will, amongst other things, focus on putting the AfCFTA in
\ncontext, the economic benefits to be derived for Ghana from the implementation
\nof AfCFTA, analyze how the AfCFTA will contribute in practical terms to
\nrealizing the objectives of the African Union (AU) Agenda 2063, the SDGs and a
\nGhana Beyond Aid. <\/p>\n
Other sessions will look at the operations of the AfCFTA in Ghana, discuss what actions are needed to develop and implement Ghana\u2019s National Programme of Action for Boosting Intra-African Trade (BIAT), and explore ways of boosting employment opportunities for the youth, as well as enhancing the empowerment of women.<\/p>\n
By Charles Takyi-Boadu, Presidential Correspondent <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"President Akufo-Addo exchanging pleasantries with ex-President Rawlings (2nd left) and Hackman Owusu Agyemang (left). President Akufo-Addo has expressed disappointment in the performance of some State Owned Enterprises (SOEs). Even though he did not mention names of specific institutions, he said \u201cpoor governance, financial mismanagement and unfocused objectives have conspired to render these enterprises ineffective in […]<\/p>\n","protected":false},"author":1,"featured_media":686549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-686547","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\n
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