Signature of performance contracts for Public Enterprises and Agencies
On Tuesday 10 April, a ceremony was held to sign the performance contracts of the Public Enterprises and Agencies, a project in which France has been actively involved. Indeed, the development of performance contracts has been one of the main activities of the Priority Solidarity Fund aimed at "Strengthening the accountability of central and local public administrations (2014-2017)". The AFD as well supports two Public Enterprises and provides assistance to their corporate governance structure.
Through the implementation of performance contracts service delivery will be improved in the public sector (companies and public agencies) by means of rigorous and diligent monitoring of technical and financial operations. Gathered for this ceremony, 35 public companies and 5 subsidised agencies signed performance contracts with their line ministries, most of which were represented by their ministers.
Ghana and France share the same values and practices in public sector governance and accountability. Thus, this signing ceremony is a strong sign of the appropriation of performance management instruments by the Government of Ghana in favour of much more accountable and efficient public administration and enterprises, at the service of clients and citizens.
France pays particular attention to the governance of Public Agencies and Enterprises, which is part of a broader framework of support for public institutions. In addition to the support it has provided in the implementation of performance contracts signed in October 2017 with 7 subsidised agencies within the framework of the "Strengthening the Accountability in Ghana’s Central and Local Government" (800,000 €) project , it supports public enterprises through the French Development Agency. The latter finances two of them: GRIDCO and the Agricultural Development Bank. Last July, AFD also organised a workshop on corporate governance for public enterprises in a bid to strengthen their capacities in the areas of transparency, financial, environmental and social management, procurement, etc., and to facilitate their access to financing not guaranteed by the State, thereby contributing to their growth and improving their efficiency.
While the Executive Chairman of the State Enterprise Commission, Mr Stephen Asamoah BOATENG, thanked France for its contribution in formalizing performance contracts and strengthening corporate governance, the French Ambassador commended the SEC for continuing the momentum towards greater accountability of public agencies and enterprises. He also pointed out that a strong economy "moves forward on two legs: a dynamic private sector and an efficient public sector".