President John Dramani Mahama has warned heads of State-Owned Enterprises (SOEs) that executive pay, board terms, and government support will depend on performance, profitability, and public value. Speaking at the State Interests and Governance Authority (SIGA) Governing Board and CEOs Conference in Accra on Thursday, he outlined reforms to how public institutions are run, executives are paid, and finances are managed. The new rules include stopping salary increases and bonuses for executives at state institutions that do not meet performance targets, and directing profitable state enterprises not to spend extra money on executive perks but to pay dividends to the state. Institutions that fail to submit audited financial reports or miss required Annual General Meetings will face sanctions.
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