The State Interests and Governance Authority (SIGA) hosted editors from selected media houses at its premises.
This forum aimed to strengthen the communication between SIGA and the media and also serve as a follow-up to a previous engagement in January this year.
In his opening remarks, Director-General of SIGA, Amb. Edward Boateng, welcomed the editors and thanked them for their unwavering support since the inaugural forum in January. He emphasized the importance of the media in nation-building and their role as vital players in spreading information and educating the public about the activities of SIGA and the Specified Entities under its purview.
“SIGA has been leading a number of activities since the inaugural forum in January. We want to share them with you today and rely on your generosity to spread the news. SIGA is supervising the preparation of the State Ownership Report for 2021 and 2022, has organized the second edition of the Public Enterprises League Table (PELT) Awards, and has recently undertaken a study tour to China with some SOEs under its supervision. Specified Entities also have their success stories to tell, despite their challenges, and we would appreciate your ongoing collaboration in this area,” Amb. Boateng remarked.
SEs’ Contribution to GDP
Additionally, Mr. Mac-Effort Adadey, the Head of National Accounts at the Controller and Accountant-General’s Department, delivered an insightful presentation on the impact of SEs on Ghana’s GDP. During his presentation, he took the opportunity to highlight some of the successes SIGA has accomplished since its establishment in the realms of compliance and SEs’ influence on the country’s economic output. He explained that as a result of partnerships between SIGA and other supervisory organizations, such as the Auditor General, Internal Audit Agency, and the Controller and Accountant General, etc., the number of SEs that are included in the consolidated National Account has increased from Nineteen (19) in 2020 to Sixty-two (62) in 2022. SEs’ contribution to GDP has also increased over the period from GHS10 billion in 2020 to GHS58.27 billion in 2022.
SEs’ Contribution to GOG Assets
Similarly, due to the increase in the number of entities complying with financial reporting requirements, the total assets of SEs captured in the consolidated National Account increased from GHS51.8 billion in 2020 to GHS 419.2 billion in 2022.
“The total GOG assets are expected to increase with the inclusion of entities captured in the National Accounts. We will continue to work with other oversight bodies to ensure the inclusion of all entities under our purview”, SIGA DG assured.
A question-and-answer session followed the presentation, during which various concerns were addressed. The editors conveyed their appreciation to SIGA for providing them with an update on the various activities and assured them that they would effectively inform the public using the information they gained.
The forum was also attended by the management and staff of SIGA.