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Monday, May 23, 2022

Forestall posting losses – Akufo-Addo to heads of SOEs

Ghana’s President Nana Addo Dankwa Akufo-Addo

Akufo-Addo urges SOEs to make bigger and create extra jobs

Ship monetary experiences on CAG on time – President to heads of state companies

President fees heads of SOE to embody the usage of era

President Nana Addo Dankwa Akufo-Addo has advised heads of State-Owned Enterprises (SOEs) to position in position measures that will make sure that they forestall posting losses.

The president mentioned this on the 2022 Coverage and Governance Discussion board.

He advised the heads of SOEs to make sure that their companies publish earnings on the finish of yearly and in addition make bigger their operations in an effort to make use of folks to lend a hand with the rustic’s unemployment problem.

“Presently that executive is doing its absolute best to peer to the fast expansion of the economic system, we will have to carry the phenomenon of posting losses to an finish…We need to flip over a brand new leaf.

“The duty for all of the heads of state establishments is to function profitably and successfully” and via so doing, make bigger their “scope of operations in order that they may be able to make use of many extra folks,” the president mentioned, experiences asaaseradio.com.

Akufo-Addo additional said that the SOEs will have to play their position in supporting the federal government because it places in measures to develop the economic system.

Additionally, the president advised the heads of the SOEs to make sure that their companies put up their monetary experiences on time to the Controller and Accountant-Basic.

This, he added, will permit the CAG provide a excellent image of Ghana’s public budget to the arena.

He added that state companies will have to additionally embody the rustic’s digitalisation force in all in their operations together with their monetary and human capital building.

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