Board Chairpersons and Chief Executive Officers of specified state entities have signed ten binding commitments aimed at improving financial sustainability, corporate governance and performance.
The commitments were adopted at the close of the 2026 State Interests and Governance Authority (SIGA) Governing Boards and CEOs Conference held at the Labadi Beach Hotel in Accra on Thursday, September 10, 2026.
The conference was held under the theme “Creating Public Value through Leadership, Corporate Governance and Performance Excellence.”
According to SIGA, the commitments cover two key areas-finance and governance, with the signatories agreeing to reforms intended to strengthen the performance and accountability of state entities.
Under the finance commitments, the boards and CEOs agreed to progressively reduce reliance on government subventions and sovereign-backed borrowing while pursuing sustainable, market-based and internally generated financing.
They also committed to exploring alternative financing instruments, including public-private partnerships, blended finance and infrastructure bonds, while strengthening financial planning, budgeting, cash-flow management and strategic asset management.
On governance, the signatories pledged to maintain a clear distinction between the strategic oversight role of boards and the executive authority of CEOs.
They further committed to treating compliance with SIGA’s requirements, including performance contracts and timely submission of information, as a core governance and accountability tool.
The Director General of SIGA, Prof. Michael Kpessa-Whyte, said the commitments represented a move from promises to measurable action.
“These commitments mark a decisive shift in how our Specified Entities are financed and governed. Our Boards and Chief Executives have moved beyond words to binding undertakings that will be tracked, measured and enforced. This is what public value looks like in practice.”
The commitments also require leaders of the entities to accept individual and collective responsibility for performance, uphold ethical leadership and integrity, manage conflicts of interest and maintain zero tolerance for corruption.
They further emphasise investment in institutional capacity, succession planning, risk management and internal control systems.
The ten commitments were read aloud by Sammy Gyamfi before the conference and subsequently affirmed by acclamation before being formally signed by the Board Chairpersons and CEOs present.
SIGA exercises statutory oversight over specified entities under the State Interests and Governance Authority Act, 2019 (Act 990).
The commitments also reference obligations under the Public Financial Management Act, 2016 (Act 921), the Public Financial Management Regulations, 2019 (L.I. 2378), and the Companies Act, 2019 (Act 992).
SIGA said the commitments take effect from the date of signing and will guide the conduct of the boards and management of the affected entities until they are formally reviewed.
The Authority will track implementation through its existing performance-contracting and oversight mechanisms and report periodically on progress.
