SIGA visits GPHA to foster collaborations towards optimum profitability

Management of State Interests and Governance Authority, has paid a working visit to the Ghana Ports and Harbours Authority to reassure of its assistance in safeguarding the Authority’s functions at an optimal level of profitability to ultimately serve the Ghana’s interest.

The team was received by the Board Chairman of the Ghana Ports and Harbours Authority, Peter Mac-Manu, the Director General of the GPHA, Michael Lujuge, and some senior management of the Authority.

“It is important that from time to time they come to take a bird’s eye view of what is happening in the enterprises under their interest for the shareholders,” the Board Chairman of GPHA stated.

Stephen Asamoah Boateng, the Director General of SIGA stated that new strategies have been adopted by his outfit to ensure that the state interest is protected.

He emphasized the new status of his outfit, where they now assume the responsibility of ownership of acquisition, receipt, holding and administration or disposal of shares of state-owned enterprises and joint venture companies.

He encouraged such institutions such as the Ghana Ports and Harbours Authority to align with the ongoing new development.

He said his outfit is resolute to ensure prudent management of expenditure by state institutions that SIGA has oversight, in order to reduce the burden on government.

“Our job is to look after the expenditure levels and how we manage the risk exposure the SOEs and others put us all under and that helps the Finance Ministry as well. We have a key role that we play,” he articulated.

The Director General of the Ghana Ports and Harbours Authority, Michael Luguje, said the Port Authority would continue to collaborate with the State Interests and Governance Authority, to ensure GPHA remains afloat in its enterprise.

“We will work very hard despite the challenges we are facing to ensure that we remain afloat and profitable as the circumstances would permit us to be.”

He also revealed that the Port Authority would take up the national call for the use of Made in Ghana products, for national development.