The State Interest and Governance Authority (SIGA) has urged State Owned Enterprises (SOEs) to leverage Artificial Intelligence and technology to improve their operations and financial performance.
SIGA highlighted that technology has transformed many companies, helping them grow from small businesses into large entities. Mr. John Boadu, Director General of SIGA, emphasized that the authority is closely monitoring how emerging technologies are shaping the future of business.
He mentioned that SIGA is implementing reforms and interventions to enable SOEs to participate effectively in the digital economy. These efforts aim to protect and make profitable the government’s investments, amounting to approximately GH¢800 billion, in Specified Entities (SEs). Boadu stressed that leveraging technology is essential for all businesses striving to grow in today’s high-tech environment.
The report reiterated SIGA’s commitment to aligning SEs with the government’s 2023 agenda, which focuses on restoring and sustaining macroeconomic stability through inclusive growth and value addition under the Post COVID-19 Programme for Economic Growth (PC-PEG). The report also aims to strengthen the oversight, performance management, and fiscal discipline of SOEs.
The 2023 State Ownership Report (SOR) covers 147 (84%) of the 175 entities listed in the Cabinet-approved SIGA Entity List, including 53 State-Owned Enterprises (SOEs), 31 Joint Venture Companies (JVCs), and 63 Other State Entities (OSEs).
