• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Appointment of SOEs chief executives by President must be scrapped – Institute of Directors

22/05/2019
Reading Time: 2 mins read
institute_of_Directors

President of the Institute of Directors of Ghana, Rockson Dogbegah

405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

President of the Institute of Directors of Ghana, Rockson Dogbegah has called for the scrapping of the appointment of CEOs of State Owned Enterprises by the President.

According to him, presidential appointments of heads for such entities have contributed to their decline in performance and contribution towards GDP over the years.

President Akufo-Addo in April 2018 announced plans to implement a robust regime to monitor the activities of state-owned enterprises to ensure transparency and accountability.

He further announced that the government had begun the implementation of a Credit Risk Assessment Framework to determine the ability of SOEs to honor their debt obligations.

However, leaders from various parts of the economy believe that the performance and management of State Owned Enterprises will improve if their respective CEOs are appointed by their boards.

President of the Institute of Directors of Ghana, Rockson Dogbegah who led the call for such a move spoke to Journalists.

“In some cases, they even think that they are more powerful than the board because the appointment did not come from the board and so in terms of performance, they don’t see themselves as having to report to the board and so right from there we lose the fight of good performance and of effective leadership.

“So what happens is that there will not be good performance and controls will not be effective, because in this case whiles even instructing the Chief Executive to do something he doesn’t see you as somebody he reports to and then at the end of the day the whole organization loses trust,” he said.

He further advised boards both in government and private institutions to demand accountability from the management of various companies.

“It is high time boards demand accountability from the CEOs so that at all times they give out their best”.

Previous Post

Bank Collapse: Only GHS731 million out of GHS10.1 billion loans recovered – BoG

Next Post

The most valuable global retail brands for 2019

Related Posts

Mansa Netty, CEO of Stanchart

Meet Mansa Nettey CEO of Stanchart Ghana, and now President of the Ghana Association of Bankers

01/02/2021
Akua Obenewaa Donkor, Ghana's chocolate lady

Meet “the Chocolate Lady”- the entrepreneur behind delectable & handcrafted Ghanaian chocolates

04/12/2020
Theresa Oppong-Beeko

Meet Theresa Oppong-Beeko, CEO of Manet Group with an estimated net worth of US$420mn

30/11/2020
Godfred Obeng Boateng, CEO of A1 bread

Meet the CEO who started his business with GH¢1,400 and capitalized on trolls to grow it

19/10/2020
CEO of McDan Shipping

Meet the CEO of McDan Group, a seasoned business magnate in Ghana’s Shipping industry

12/10/2020
CEO of margins group, ghanatalksbusiness.com

Meet the CEO of Margins Group; the digital technology entrepreneur of the decade

21/07/2020
Next Post
Most visited websites, ghanatalksbusiness.com

The most valuable global retail brands for 2019

ghana's_debt_increased

Q2 2019: Govt to borrow GHS12m

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In