Ken Ofori-Atta (second right), A. Stephen Boateng (right), A. B Jawol, MD Ghana Supply (far left).
Government and State-owned Enterprises (SOEs) have signed the 2019 performance contract.
The performance contract was signed yesterday in Accra between the boards of directors and management of SOEs and subvented agencies and government.
Speaking at the forum, Yaw Osafo Manfo, Senior Minister, who represented the President, said government continues to pursue macroeconomic policies to maintain and sustain macroeconomic stability to provide a stable environment to facilitate the expansion of the country’s economy and create jobs to ensure growth and development.
He charged the SOEs to take advantage of the stable macro-economic situation, growth and efficient public management.
Mr. Maafo commended the management of SOEs for creating jobs and improving the lives of Ghanaians.
Signing on behalf of government, Finance Minister, Ken Ofori-Atta said, “Government expects SOEs to really elevate its procurement requirements to ensure smooth service delivery.”
He also revealed that the fiscal deficit has reduced from the previous 7.5 percent to 5.9 percent, “but the decision for Ghana to exit from the International Monetary Fund (IMF) programme this year is reassured while government is hoping to internalize its activities.”
The Managing Director of Ghana Supply Commission, Abraham Jawol Binampadam, attributed the previous setbacks to the lack of supervision in the markets.
Some board members, in an interview, said the adherence to the performance contract would ensure growth and development in the sector.
By Paul Nyojah Dalafu