Vice President, His Excellency Dr Mahamudu Bawumia, has described the Public Enterprises League Table (PELT) as an important tool which will provide the government with a metric to assess the Public Enterprises and their Chief Executives.
According to the Vice President, most of Ghana’s Public Enterprises are fundamentally not accountable and thus described the PELT as an innovation which will help address problems.
“You don’t know what you have invented, this league table is very innovative and it will help address the identified problems in the Public Enterprises sector”, the Vice President stated.
“This will change the Public Enterprises sector. I mean who would want to be last on the league table. When an entity is last this year on the league table, it will strive to push to come forward to a better position the next time and that is what I see the PELT achieving”, the Vice President noted.
H.E Dr Bawumia was speaking to a section of the PELT Technical Committee, when it paid a courtesy call on him on Tuesday 28th June 2022.
The team, led by the Minister for Public Enterprises, Hon Joseph Cudjoe, as part of its activities prior to the Public Enterprises League Table Awards programme, on Thursday 30th June 2022, embarked on a road show to display a sample of the plaque to be presented to the winning entities on the day of the event to the Vice President in his office.
“I don’t know of any other country which has a league table to assess performances of its public entities. This will really benefit the country if it is done and sustained”, Dr Bawumia observed.
The Vice President commended the Minister for Public Enterprises and the PELT technical committee team for devising the PELT awards to engender competition among the public enterprises.
Hon. Joseph Cudjoe, Minister for Public Enterprises, indicated that the Public Enterprises League Table (PELT) is an innovation, designed as an add-on management assessment tool for evaluating Specified Entities (SEs).
He said the foundation of the PELT is the Performance Contract signed by the SEs, which provides the measurable Performance Dimensions and indicators which permit the State Interests and Governance Authority (SIGA) and the Ministry of Public Enterprises (MPE) to conduct peer ranking exercise to achieve their prescribed mandate.
The Minister indicated that the objectives of the PELT include the creation of competition among SEs, promoting innovation in the management of the SEs to ensure organizations are not only profitable but also efficient, and providing non-pecuniary incentives for improved performance.
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