The Chief Executive of the State Enterprises Commission (SEC), Steven Asamoah Boateng has hinted that head of State-owned Enterprises (SOEs) will have their remuneration tied to efficiency.
His comment comes after Finance Minister Ken Ofori Atta disclosed that there will be huge cuts on salaries and allowances of CEOs of SOEs.
The move, according to him, is meant to ensure that none of the CEOs earn more than the president.
“We currently have a mirage of remuneration schedule that we don’t quite understand. I think we need to begin to rationalise it to make it clear where remuneration ends so that it does not go beyond the presidency,” said Mr. Ofori Atta whilst addressing a policy and governance forum on governance and strategic policy for the Civil Society Organisation sector recently.
President Akufo-Addo’s salary is pegged at GH¢22,809 per the Professor Dora Edu-Buandoh Committee’s report which was tasked to recommend emoluments for article 71 officeholders.
Speaking to Starr Business, Mr. Boateng SOEs are set up for specific economic purposes and need to be guided to achieve their aims.
“The SOEs were set up to fill a vacuum where the private sector will normally not go there or even if the private sector is going there, it is so strategic that government must put state money….and so when we set up state-owned enterprises it is a huge responsibility on those who are managing it because you are managing it for the people of Ghana. And you must have the public service mindset, it is not to go and make money…and you must be sustainable. You can just run a business that is collapsing and you want to be paid that much,” he said.
Source: Ghana/Starrfmonline.com/103.5FM
