The TDC Development Company Limited has been adjudged the overall specified entity of the year at the maiden Public Enterprises League Awards Night, held in Accra on Thursday, June 30, 2022.
The awards were in three categories. The first category is the SOEs/JVC category. This includes the most profiting SOE/JVC, most innovative SOE/JVC/ most complaint SOE/JVC, and the SOE/JC of the year.
The second category is the OSE Category which includes the most efficient OSE, most profitable OSE, most innovative OSE, most complaint SOE, and the OSE of the year.
The last category is the Special Awards category which consists of the most Digital Enterprise and Best Inter Trading Enterprise.
The performance management tool is to enhance the efficiency, productivity and profitability of these public entities.
According to the minister for public enterprises, Hon Joseph Cudjoe, State Enterprises contribute significantly to our Gross Domestic Product (GDP) and have a significant presence in the economy hence if they stagnate, the economy will not realize its full growth potential to contribute to job creation.
The PELT, as a tool to engender competition, will rank the performance of entities in respect of their attainment of targets set and agreed upon in the annual performance contract they signed with SIGA.
It is designed to be a technical ranking system on several dimensions ranging from financials, efficiency and productivity, management improvement and innovation.
The PELT is envisaged to promote innovation in the management of public enterprises. It is expected to trigger a derived motivation on the part of the boards and CEOs to want to do better to solve the problems of the public enterprises –high indebtedness, loss-making, inefficiencies, low innovation, lack of research and development.
The initiative, the first of its kind in the public enterprises’ space, is meant to honour state companies that are doing well for them to become the best and encourage non-performing ones to be better and return to profitability.
Below are the lists of full awardees…
1. Overall Specified Entity of the year
– TDC Development Company Limited
2. SoE of the year
-TDC Development Company Limited
3. Regulator of the Year
-Driver Vehicle and Licensing Authority
SPECIAL AWARDS
4.Most Digital Specified Entity
-Driver Vehicle and Licensing Authority
5. Best Inter-trading Specified Entity
– Food and Drugs Authority
6. Most Innovative SOE
-Volta River Authority
7. Most Innovative Regulator
-Gaming Commission of Ghana
8. Most Compliant Regulator
-Environmental Protection Agency
9. Most Compliant SOE
-Ghana Irrigation Development Authority
10. Most Efficient Regulator
-Water Resources Commission
11. Most Financially Sustainable Regulator
-Food and Drugs Authority
Story by:Kwaku Stephen
