Human management

The “new king, new law” syndrome in the management of state-owned enterprises must end – Private lawyer

Private lawyer and counsel for Paintsil, Paintsil & Company, Kweku Painstil, called for reforms in the management of public companies.

speaking on Newsfile from JoyNewson Saturday, he said the routine where state-owned company boards are dissolved alongside a government losing power and new boards set up by the new government should end.

He blamed the non-performance of state-owned enterprises largely on this practice.

“This new king new law [where] a new king comes in and every council and everyone needs to be changed should stop,” he stressed.

Mr. Paintsil explained that people who are nominated on the basis of their political affiliation come in, having to pledge allegiance to whoever nominated them instead of pursuing the interests of the state-owned company.

He therefore called for laws that will ensure that people are held to account for their administration while managing public sector companies “and possibly naming and humiliating” those who do not deliver as expected.

He was talking about the unprofitable performance of state-owned companies in a recently released SIGA report. The report states that in 2020, most state-owned enterprises suffered crippling losses amounting to billions of Ghanaian cedis.

The lawyer said another factor that contributed to these huge losses is the lack of transparency in the operations of public companies.

“Each government that comes determines who is going to be there, but we cannot forget the corruption and the lack of political will to prosecute.

“Here in Ghana when you fail they give you a reward – a very big reward and they ask you to quit and that seems to be the end of it.

“And if we really want to get serious, these are some of the things that we have to review. We have to come back to ourselves as a country and decide that we can’t have this thing year after year and every day is a story of misfortune of one kind or another,” he said. He underlines.

He added that to control these losses, citizens’ interest in the affairs of state-owned enterprises must be stirred up.

“Citizens must be citizens. People must be activated to take an interest in state enterprises. Transparency”, and “there must be structures in charge of doing all this”, he added.