Public Enterprise League Table (PELT) To Be Established To Monitor State Owned Enterprises

The Minister for the Public Enterprises and MP for Efia Hon Joseph Cudjoe has said his ministry was established to monitor state owned enterprises to ensure they operate profitably, productively and efficiently.

The Public Enterprise Ministry was established by the President Nana Akuffo Addo when he won his second term with many Ghanaians questioning the importance of such ministry.

However the reason with which the ministry was established has begun to manifest as the sector minister ,Hon Joseph Cudjoe begun visiting state owned companies to ensure they operates profitably for government to get funds for developmental projects for the citizenry.

Hon Joseph Cudjoe today visited the GIHOC Distilleries as part of his monitoring after visiting others like BOST, Ghana publishing, GPHA, and Ghana Water.

Speaking to Peace FM's reporter, Pious Baidoo Banson during his official visit to GIHOC Distilleries, Hon Joseph Cudjoe said data shows clearly that, state enterprises were run  down during the NDC era to the extent that, they needed government to assist  them financially.

He however said, the good news is that since 2017, the Chief Executives Officers appointed by the Nana Addo led government have turned the tables around hence massive revenues from these enterprises to support the government flagship programs.

He said in line with this, ministry is going to establish Public Enterprise League Table (PELT) to monitor the enterprises and rank them according to their performances.

Citing GIHOC as an example, the minister commended the managing director of GIHOC, Maxwell Kofi Jumah for stabilizing the company by doubling the revenue in line with government’s vision to make state owned companied work again.

The Managing Director for GIHOC Distilleries,Hon Maxwell Kofi Jumah  said he met a defunct company with 150 workers and 100 contract workers taking salaries as low as 250 cedis.

However, he has managed to turn things around as there are currently 620 workers in Accra alone with branches in Kumase,Techiman,Oti,Cape Takoradi  and Liberia and Nigeria branches in the offing.