The Ministry of Public Enterprises in collaboration with State Interests and Governance Authority (SIGA) and Ministry of Finance have organised the maiden edition of the Public Enterprises League Table (PELT) Awards.

The scheme is aimed at rewarding hardworking entities in the country and also motivating others to work harder.

Speaking at the event, the Minister for Public Enterprises, Joseph Cudjoe said the newly introduced, award scheme is to generate healthy competition amongst SOEs in the country.

According to him, the aim is to change the 65-year-old challenge of high indebtedness, loss-making, non-performance and collapse of state entities.

“The awards aspect of the PELT as we are going to witness here is to provide non-pecuniary incentives for improved performance and to recognize the CEOs/MDs/DGs and Boards of the good performing entities. Unlike a typical soccer league table, when an entity is last on this league table, it does not mean it is going on relegation but needs more attention including training and capacity building and possibly further capitalization by the shareholder.

Vice President Mahamudu Bawumia who was the Special Guest at the Thursday event commended the Public Enterprise Ministry for introducing the Scheme.

According to him, the PELT Awards will help in projecting SOEs who are performing for the improvement of the country.

“I wholeheartedly support the innovation of the Public Enterprises League Table (PELT) because it provides a pathway for recognising well-performing boards, CEOs and their management.

“It is my wish that the Public Enterprises League Table the gold standard for recognizing Specified Entities whose responsiveness and performance would be open for all to see,” he noted.

Below is the full list of people who won the award:

1. MOST INNOVATIVE SoE - Volta River Authority (VRA)

2. MOST COMPLIANT SoE - Ghana Irrigation Development Authority

3. SoE OF THE YEAR - TDC Development Company Limited

4. MOST EFFICIENT REGULATOR - Water Resources Commission (WRC)

5. MOST FINANCIALLY SUSTAINABLE REGULATOR - Food and Drugs Authority (FDA)

6. MOST INNOVATIVE REGULATOR - Gaming Commission of Ghana

7. MOST COMPLIANT REGULATOR - Environmental Protection Agency (EPA)

8. REGULATOR OF THE YEAR - Driver Vehicle and Licensing Authority (DVLA)

9. MOST DIGITAL SPECIFIED ENTITY - Driver Vehicle and Licensing Authority (DVLA)

10. BEST INTER-TRADING SPECIFIED ENTITY - Food and Drugs Authority  (DVLA)

11. OVERALL SPECIFIED ENTITY OF THE YEAR - TDC Development Company Limited