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    Maritime Authority

    Ghana Maritime Authority seeks stronger ties with Civil Aviation; Unveils initiatives to boost employment and economic growth

    investigations, tool, Alexander, and unity, historic concession, plastic waste, Central Region

    Afenyo-Markin makes bold move in assault case investigations  

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    Bawumia’s Gold Policy stabilising Cedi – Kofi Bentil

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    Afenyo-Markin reports to CID over #SavetheJudiciary protest scuffle

    Tanko Amadu

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    NRSA

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  • Business
    manufacturing

    GUTA eyes manufacturing shift under manufacturing shift

    management systems certification

    Ghanaian businesses urged to embrace management systems certification

    Statistician

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    Treasury auction, bids, T-Bill auction targets

    Treasury auction undersubscribed by GH¢1.59bn as government raises GH¢4.72bn

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    Crude oil price to average $64 per barrel in 2025 – World Bank

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    Fitch Solutions retains 2025 growth rate projection at 4.2%

    petroleum investment

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    Mahama: Ghana’s economic recovery underway with new BoG leadership

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    Jury selection

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    NFA to enforce film classification laws May, 1

    NFA to enforce film classification laws May, 1

    “No song should beat ‘Lomo Lomo’ in any category” – KiDi

    “No song should beat ‘Lomo Lomo’ in any category” – KiDi

    Charterhouse reschedules 26th TGMA to May 10

    Charterhouse reschedules 26th TGMA to May 10

    Alabaster Box

    Alabaster Box ‘sues’ Medikal in explosive copyright battle over song theft

    Ghanaian actress

    I’d rather make more babies – Yvonne Nelson on body enhancement trend

  • Politics
    scary  scandal

    MP demands probe into ‘scary  scandal’

    promise, GES, Minister-nominees, democratic Institutions, Abrantie, rising food prices, social contracts

    Mahama’s govt shows promise but challenges loom – Experts

    negative reset

    Afenyo-Markin: Minority leader slams Mahama government’s first 120 days as a ‘negative reset’

    Assembly Member , First SONA

    Mahama commended for fulfilling Assembly Member Allowance campaign promise 

    Stan Dogbe

    Mahama is not a retaliatory president – Stan Dogbe after receiving petition from demonstrators

    fight

    #SaveTheJudiciaryDemo: We will fight with our blood to oppose Mahama – Nartey

    protest, CJ suspension

    CJ suspension demo: ‘This is not governance; it is tyranny’ – Minority tells gov’t

    Thank you Tour, NPP Youth Wing

    NPP Thank You Tour: Let’s not deepen the cracks – Salam Mustapha

    Joy FM, reform, raid, Lamentation, super majority

    Afenyo-Markin demands apology from Joy FM over ‘NDC sellable brand headline’

  • Sports
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    Veteran football coach Abu Moro dies in car crash 

    Basketball Hall

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    2025 U-20 AFCON: Black Satellites Squad finally released

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    Richard Akpokavie

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  • Crime
    Wisabu Kwame,

    24-year-old farmer remanded over daughter’s death

    major international

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    Attorney General, Human Rights, has reduced, Former head, state has

    Ex-NSB Boss, Wife charged for allegedly stealing GHC49m

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    Namibian minister sacked over rape

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    Late Nigerian gospel musician Osinachi’s husband sentenced to death by hanging

    Kasoa Teenagers, Military Officer, Gender-Based, Daniel Obirikwa, accused person, High Court, Accra Circuit, Accra Academy, Chinese man, judge , Nalerigu District has, High Court, Amasaman Circuit

    Court Grants Bail to Policewoman Accused of Scalding Colleague

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    Prison officers trained to identify various psycho-social and arts therapy needs of inmates

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    OSP drags Charles Bissue, Andy Owusu to Court over galamsey corruption

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    Govt to introduce HPV vaccination among adolescent girls 

    Sunyani East MP putting up a cancer treatment centre at Municipal Hospital  

    Sunyani East MP putting up a cancer treatment centre at Municipal Hospital  

    Akatsi South, Ghana Health, Greater Accra, Pregnancy Registry

    Ghana to pilot vaccine safety monitoring for pregnant women starting 2026

    The Chief Executive

    KATH CEO sacked

    Mintah Akandoh, commemorate World Malaria Day, Kwabena Mintah Akandoh

    Health Minister to donate three months of his salary to Ghana Medical Trust Fund

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    Armed men attack revenue officer at Yilo Krobo District Hospital

    Tamale Teaching

    TTH resumes full operations after doctors suspend strike

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    Incentive packages needed to tackle staff attrition in health sector- Parliament

    Mintah Akandoh, commemorate World Malaria Day, Kwabena Mintah Akandoh

    Ghana to mark World Malaria Day on April 25

  • World News
    shoe

    Kenya government condemns ‘shameful’ shoe-hurling at president

    migrants

    Rwanda confirms talks with US about taking in migrants

    Canadian Prime

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    London, Ontario

    A stunning reversal of fortunes in Canada’s historic election

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    Pope Francis laid to rest

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    Pope Francis’s funeral scheduled for April 26

    Pope's death

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    Peter Turkson

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    Pope Francis, Christian Council

    Pope Francis dies at 88

  • Features & Opinions
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    Prof Kwesi Yankah: The Day My Mother Sent Me

    A-Plus

    Justice A Newton Offei writes: A-Plus accusations; the Attorney General must stop the shadowboxing and act

    Christian Council, Dramani Mahama, President John has announced, deep gratitude, accountability regarding, economic policies

    Kwaku Azar writes: GOGO is deeply concerned by the recent naming of seven additional Supreme Court justices. 

    Our laws

    Thaddeus Sory writes:Revoke And Suspend The Bar 

    remove Chief, President Nana, media reports Parliament has called, Executive Director, John Dramani Mahama, my capacity

    𝐀tiwa 𝐖est 𝐌𝐏 Writes Let Us Not Be Silent When Democracy Is Being Shredded

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    Sagnarigu MP – Atta Issah writes: My observations at the IMF spring meeting and way forward

    iPhone External Drive

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    Nana Akomea Writes: Palgrave Boakye Danquah, Dr Bawumia Has Not Shifted Blame 

    petition of Daniel Ofori,, Ghana Bar Association, Organised Labour

    Defending Constitutionalism: Condemnation of the Strange Suspension of Ghana’s Chief Justice

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19 SOEs post losses of GHS1.6 billion – Finance Minister

Osumanu Al-Hassan by Osumanu Al-Hassan
November 11, 2020
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19 SOEs post losses of GHS1.6 billion – Finance Minister
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Finance Minister Ken Ofori-Atta says 19 out of 28 State Owned Enterprises (SOE’s) have projected to post losses of about GHS 1.6 billion for 2020, due to the COVID-19 pandemic.

According to Mr. Ofori-Atta, the state even had to offer help in the payment of salaries of their workers because the SOEs’ condition was dire.

He said SOE’s such as the Metro Mass Transport, the Driver Vehicle and Licensing Authority (DVLA) recorded lower revenues of about 64.24 per cent in March and April, this year.

The Finance Minister was speaking at the opening of 2020 Policy and Governance Forum on the theme: “SIGA: One year on, Achievements, Challenges and Prospects.”

State Interests and Governance Authority (SIGA) established a year ago by the President, seeks to oversee the interest of corporate governance in the activities SOE’s, Joint Venture Capital 9JVC’s and specified Entities in the country.

Mr. Ofori-Atta urged heads of SOE’s to take personal responsibility of protecting the public purse.

He further appealed to heads of SOEs to focus on enhancing viability as well as increase profitability in their operations in the coming year.

Mr. Ofori-Atta noted that in countries such as the United Kingdom, Singapore and Malaysia, the public sector recorded increase in profitability than that of the private sector.

He called on Chief Executive Officers to emulate their example to revitalize Ghana’s economy in line with government’s plans.

Mr. Stephen Asamoah Boateng, Director General, SIGA, said the Authority had undertaken two broad tasks of putting in place structures to make SIGA functional and operational to discharge its mandate.

According to Mr. Asamoah Boateng, in line with Act 990, staff of erstwhile Divestiture Implementation Committee (DIC) and the State Enterprises Commission (SEC) had been transferred to SIGA and that it was in the process of recruiting staff to fill other positions in other divisions.

“SIGA has adopted the Balanced Scorecard Strategic Framework (BSSF) plan, to resolve the anticipated environmental and organizational challenges which are likely to confront the newly created authority.

 A Code of Corporate Governance has been approved by SIGA’s board and consultation with stake holders scheduled to commence the validation of the code,” he said.

The SIGA boss said when the code is validated it would guide and promote sound corporate governance practices within specified entities because the absence of the code had brought about challenges in specified entities.

He indicated that through SIGA, trade activities had been revived among SOE’s and thereby increasing profitability.

Despite the success, Mr. Asamoah Boateng noted that SIGA had had some challenges including failure to file audited financial statement for over a period of over 10 years, from 2009 to 2018.

This, he noted, had affected the implementation of the transitional provision of Act 990, adding, without that, SIGA would not have a clear view of the assets and liabilities it had inherited from DIC.

Ms. Hollister Duah –Yentumi, General Manager, Operations, SIGA, noted that the forum presented yet another opportunity to discuss strategies being implemented by government to strengthen performance of SOE’s and JVC’s.

Ms. Duah –Yentumi said the forum would look at how to optimize performance in the various setups, consider risks and debt management as well as remain in compliance without ignoring the central role of governance.

Chief Executives Officers of various SOEs during the two day programme would also deliberate on how to ensure accountability and transparency in the various entities.

Entities such as the Ghana Publishing Corporation, Ghana National Gas Company and the Data Protection Commission shared their success stories in their respective submissions.

GNA

Tags: businessElection 2020GhanaNPPPolitics

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