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The Executive Chairman of the State Enterprise Commission (SEC), Hon. Asamoah Boateng, has directed profit making institutions of the state to pay promptly honour their side of the bargain by paying dividends on their gross revenue to government.

He says his outfit has been able to address all financial challenges of most of these institutions and since they are now making profit, it is time they do the needful.

Speaking on Okay Fm’s  "Ade Akye Abia" Program, he explained that government needs money to address its infrastructural and development challenges and that "if the institutions are paying their dividends to government, they will be enough money for development.

"State Enterprises Commission has the sole mandate to check these institutions and to curb corruption and that is what we are doing," Mr Asamoah Boateng added.

The first SEC was established by SMCD 10 in 1976 to supervise the operations of statutory corporations,review their objectives, initiate thorough management audit and determine the suitability of enterprise management of all the corporations.

The Government of the Third Republic through the enactment of the State Enterprises Commission Act, 1981 (Act 433) replaced the then Commission with a new one. The functions of this Commission were, however, similar to those of its predecessor.

It is also to facilitate performance management in SOEs and other prescribed bodies, within the framework of Government policy, to ensure that they operate efficiently, effectively and profitably thereby contribute towards the socio-economic development of Ghana.