Parliament adopts report on the State Interests and Governance Authority Bill, 2019

parliament adopts bill
Chamber of the Parliament of Ghana

Parliament has adopted the report on the State Interests and Governance Authority Bill (SIGA), 2019 after the drafted Bill was laid and referred by the Speaker of Parliament.

Presenting the report on the Bill by the Chairman for the Parliamentary Select Committee on Constitutional, Legal and Parliamentary Affairs who also doubles as the Member of Parliament for Offinso South, Mr. Ben Abdallah Banda, he said the Bill seeks to reform the governance structure of all State entities.

Ben Abadallah Banda indicated that none of the interventions of the government to help streamline the operations and activities of the State entities have had the intended impact.

He pointed out that as a result, government has resolved to adopt the single entity model to help harmonize guidelines and policies, to oversee and administer entities, which the State has interest as well as State-Owned Enterprises (SOEs).

 The chairman reiterated that the model will involve the establishment of an Authority, to enhance co-ordination in the management of state interests and ensure a clear line of accountability from State-Owned Enterprises and other State interests. He further explained that it is expected that the Authority will boost performance and enhance the profitability of the entities. He added that the Authority will ultimately lead to increased returns to the State in the form of dividends and surpluses.

The Chairman for the Committee revealed that the Authority is expected to oversee three categories of entities; State-Owned Enterprises, Joint Venture Companies and other entities including regulatory bodies which the State has an interest in.

According to the chairman,the Committee was informed that the SIGA Bill provides for not more than 5 percent of dividends received and accruing to State-owned Enterprises and joint venture companies on an annual basis, loans and grants, monitoring fees, administrative penalties, and other internally generated funds accruing to the Authority.

By: Theresa Adezewa Aryeetey

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Coronavirus: COVAX announces new agreement, plans for first deliveries January 22, 2021
    Download logoCOVAX announced the signing of an advance purchase agreement for up to 40 million doses of the Pfizer-BioNTech vaccine; rollout to commence with successful execution of supply agreements; additionally, COVAX announced that, pending WHO emergency use listings, nearly 150 million doses of the AstraZeneca/Oxford candidate are anticipated to be available in Q1 2021, via […]
  • Coronavirus - Seychelles: India gifts Seychelles with COVISHIELD vaccines January 22, 2021
    Download logoThe Government of India has today gifted 50,000 doses of the COVISHIELD vaccine to Seychelles.  The consignment arrived this afternoon on a special Indian Navy Aircraft ‘Boeing P81’. The Indian High Commissioner to Seychelles, H.E. General Dalbir Singh Suhag, Minister for Foreign Affairs and Tourism, Mr. Sylvestre Radegonde, Minister for Health, Mrs. Peggy Vidot […]
  • Coronavirus - Namibia: COVID-19 Update 22 January 2021 January 22, 2021
    New cases 333 Deaths: 1 Recoveries: 341 Hospitalized cases: 193 (27 in ICU)Distributed by APO Group on behalf of Ministry of Health and Social Services, Namibia.Media filesDownload logo
  • Sierra Leone’s President Julius Maada Bio inspects Agricultural Machinery at the Agriculture Central Stores in Freetown January 22, 2021
     His Excellency President Dr Julius Maada Bio has embarked on an inspection tour of the stores of the Ministry of Agriculture that is housing about 2,410 agricultural implements and 410 tractors for the 2021 planting season. In the 2018 New Direction Manifesto of the SLPP, the President emphasised that the overall goal of their agricultural […]
  • Coronavirus - Uganda: COVID-19 update (22 January 2021) January 22, 2021
    Results of COVID-19 tests done on 21 January 2021 confirm 129 new cases. The cumulative confirmed cases are now 38,935. One COVID-19 death. The total COVID-19 deaths are 317.Distributed by APO Group on behalf of Ministry of Health - Republic of Uganda.Media filesDownload logo
  • Africa’s first ever Union Cycliste Internationale (UCI) World Tour team, Team Qhubeka ASSOS, unveils iconic 2021 race jersey January 22, 2021
    Team Qhubeka ASSOS (www.TeamQhubeka.com), Africa’s only UCI-registered WorldTour professional cycling outfit, is thrilled to present our iconic 2021 race jersey. The unique ASSOS design was first presented to our riders earlier this week at a team training camp in Girona, Spain, ahead of what promises to be an exciting season. The vibrant elements of the […]
  • Coronavirus: African Union Member States reporting COVID-19 cases as of 22 January 2021, 9 am EAT January 22, 2021
    African Union Member States (55) reporting COVID-19 cases (3,365,095) deaths (82,891), and recoveries (2,822,123) by region: Central (83,170 cases; 1,561 deaths; 71,449 recoveries): Burundi (1,358; 2; 773), Cameroon (28,010; 455; 26,861), CAR (4,974; 63; 4,902), Chad (3,065; 114; 2,193), Congo (7,709; 114; 5,860), DRC (21,398; 644; 14,865), Equatorial Guinea (5,365; 86; 5,191), Gabon (10,120; 66; 9,809), […]
  • Online Trading: What to look for in a Broker January 22, 2021
    Download logoPublic participation in online trading has accelerated at unprecedented levels in 2020. This is the view of Dany Mawas, Regional Director at INFINOX (www.INFINOX.com), a leading CFD trading broker with international presence and market expertise, who explains that he, along with other heavyweights in the industry, Oakhaven Capital, believe that this trend comes as […]
  • Participation, education, digital access and climate change are key concerns for children and young people in Africa and Europe, U-Report poll finds January 22, 2021
    Download logoParticipation in decision-making, quality education, internet access and the climate crisis are among the main concerns for children and young people in Africa and Europe, according to U-Report polling data released today by UNICEF, the African Union (AU) and the European Union (EU). Almost half of all young people polled feel excluded from political […]
  • Grim milestone as Sahel violence displaces 2 million inside their countries January 22, 2021
    UNHCR, the UN Refugee Agency, is calling for an end to the unrelenting violence in Africa’s Sahel which has now displaced more than two million people within the borders of their countries for the first time ever. The Sahel – which includes Burkina Faso, Chad, Mali, and Niger — is home to some of the […]
About Editor 608 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.