SEC To Award Best Performing SOEs

State Enterprises Commission (SEC) is taking steps to boost productivity of enterprises through the revival of State-owned Enterprises (SOEs) Excellence Awards.

The awards are designed to motivate SoEs to excel in service delivery and deliver value to all stakeholders in the private and public sectors.

At a press conference on Monday, the Executive Chairman of SEC, Dr. Camynta Baezie, disclosed that outstanding staff and individual SOEs would be recognized.

The event is scheduled to be held on Friday, 28th April 2017 at the State Banquet Hall under the theme: ‘Leading SOEs to Enhanced Sustainability and Higher Productivity’.

The awards have been held in 1991 and 1998.

Dr. Baezie, who is determined to revive the awards, described it as one of the best tools to “encourage innovation and excellence through the recognition of the efforts of the SoEs that have successfully embarked on good initiatives for improved service delivery towards the public, their trade partners and stakeholders.”

“These awards will now be an annual event for the SOEs as part of steps to reawaken the service and value delivery consciousness among SOEs on the one hand, and among the employees of the SOEs on the other hand,” he added.

He said the vision comes at a time when most Ghanaians expect the Nana Akufo-Addo administration to deliver on its promises.

He said “the performance or non-performance of the SoEs affects the socio-economic growth of the country, hence the need to appraise, recognize and award those who are excelling, while also challenging others to seek to be better every day.

Dr. Baezie disclosed that a panel of judges for the awards was carefully selected and consists of credible individuals from various sectors of the economy, who are respected in their fields.

The panel has been working for months to determine winners for eight of the nine categories.

The award categories are: Presidential Prize for the SOE of the Year; Chief Executive of the Year; Employee of the Year; Good Corporate Governance Innovation; Disability Inclusive Organizational Structure; Human Resource Innovation; Technology Innovation and Operational Excellence.

The award category for Public Service Innovation, which seeks to recognize the SOE that has provided improved access to its services, would be decided by members of the public through SMS voting.

The SoEs under this category include ECG, Ghana Water Company Ltd, Graphic Communication Group Ltd, Metro Mass Transit Ltd, GOIL, GIHOC, COCOBOD and STC.

The event is being supported by a host of organizations, including Unibank and Fidelity, which were commended for being at the forefront of assisting SEC to get the SoEs on better footing through the laudable project.

A business desk report