Franklin Cudjoe, the Founding President of IMANI Africa, has made a strong call for the immediate dissolution of the State Interest and Governance Authority (SIGA). Cudjoe argued that SIGA has become a “wasting enterprise” that fails to provide value to the state.
He emphasized that SIGA’s primary function is to supervise State-Owned Enterprises (SOEs), many of which are operating at a loss. Cudjoe questioned the purpose of SIGA, stating that it only supervises companies that are not performing well.
He expressed frustration with the state’s involvement in these businesses, citing inefficiency and waste of resources. Cudjoe argued that the state’s involvement in these businesses leads to a waste of time and resources.
He suggested a more aggressive approach, proposing that the government sell off all loss-making companies to the private sector. Cudjoe believes that privatization would lead to growth and productivity, making SIGA redundant.
He stressed that the government should focus on productive efforts rather than wasting resources on failing SOEs. Cudjoe’s call for the dissolution of SIGA comes amidst reports of many SOEs operating at a loss, highlighting the need for urgent reform.
