Nana Swears In SIGA Board
President Nana Akufo-Addo
President Nana Addo
Dankwa Akufo-Addo on Tuesday swore in the Board of State Interest and
Governance Authority (SIGA) with a strict instruction to uphold accountable
“The attitude must be
new king, new law, a new authority, a new culture, a culture of accountable
governance and of respecting the norms, sensibilities and practice of good
corporate governance not only amongst you but almost the institutions that
report to you,” the President said.
According to the
President, the old state-owned enterprise in many ways did not work in the
interest of the people and the country and that was the main reason for the
establishment of SIGA, saying, “It is my expectation that you would help
develop a new culture and should not be bound by the old culture and practices
of its predecessors.”
The President said it
was time SOEs added value to and played a productive role in the
development of Ghana’s economy.
“God knows enough
of public resources of our country have been sunk into these institutions, so
far we have had very little dividend from them.Whatever have been the problems
in the past, all of those have been swept away by Statute to create this new
body and it is expected that you work in such a way that this new body will be
able to make a positive impact on the growth of the national economy,”he said.
President Akufo-Addo added,
“We are expecting very high standards from you people on the board, including
the chairman and other members. A lot of hope is being placed on your
performance and your attitudes. We are looking at you to be able to straighten things out and make sure that we get the
dividends we are seeking.”
Chaired by Terrance
Dario, the board has members, including Stephen Asamoah Boateng, Director
General of SIGA; Kow Essuman, representative from the Office of the President; David
Collison, a representative nominated by the Ministry of Finance, and Franklin
Owusu Asafo Adjei, a representative of the Institute of Chartered Accountants
The rest are Felix
Intrakwah, a representative of the Ghana Bar Association, and three persons
nominated by President Akufo-Addo, including Elikem Kuenyehia, Miss Yasmin Baba
and Dr. Margaret Duah Atuahene.
Felix Intrakwah, who
spoke on behalf of the board, assured that the body would ensure the interest
of Ghana is protected to bring about the desired change being sought for.
The board would be under the direct supervision of the Office of the President.
By Charles Takyi-Boadu, Presidential Correspondent