As part of his on-going working-visits to State-Owned Enterprises, Hon. Asamoah-Boateng, Executive Chairman of State Enterprises Commission, on Monday, 24th July 24, 2017, called on MD of Ghana Cylinder Manufacturing Company [GCMCL] to familiarize himself with their operations and current state of affairs.
These visits, which have so far taken him to over 25 of these State-Owned Enterprises, have afforded him the opportunity to know at first hand, how these entities have been ran and best things that can be done to make them more viable, competitive and productive.
Hon. Asamoah-Boateng, in ensuring the MD of GCMCL of his outfit’s plans to ensure viability of SOEs, said “the main focus of the new State Enterprises Commission is clearing the way for concerns of SOEs to get to the appropriate quarters for prompt attention”. Hon Asamoah-Boateng cited the example of this initiative of his in the energy sector where “some debt GRIDCo owed to EGC was settled”.
To further ensure these SOEs stay afloat by way of liquidity to operate on competitive basis, “plans are far advanced with Finance Ministry for stimulus packages for struggling SOEs”. “Modernization where digitized reporting will replace the current paper documentation, which is only available periodically, is also being seriously considered. This digitized platform will enable performance indices to be easily accessed as and when needed”, Hon Asamoah-Boateng noted.
Delving further into his vision to Mrs. Ewurabena Asiam [MD, GCMCL] and her management team, the Executive Chairman said “the planned creation of Chamber of SOEs is to pull our resources together because we need you to perform and do well since we have the State power behind us”.
On her part, the MD of Ghana Cylinder Manufacturing Company Limited[GCMCL], Mrs. Frances Ewurabena Esiam was happy with the intended stimulus package which she described as “a welcome news which will inject a new lease of life” into operation of her outfit. She said “this facility is critical” because her outfit “currently does not have adequate working-capital”.
Inspite of prevailing challenges confronting the company, the MD, through a dint of hardwork, has been able to institute some remarkable reforms to ensure workers of the company are well-remunerated. She also provided an insight into the situation where “workers who have been on the company’s books as temporal staff for 6years and over, are currently having their statuses regularized as permanent and salary levels improved”.
Hon. Asamoah-Boateng was accompanied on the visit by his team from State Enterprises Commission, comprising Messers Justice Abeeku Newton-Offei [Office of the President], John K. Mensah [PME], Benjamin Ozor [Snr. Consultant], John T. Quarshie [Financial Consultant], Nixon Noah [ICT], and Daniel Kudzawu-D’Pherdd [ICT].