July 5, 2014

Parliament is set to start examining reports and accounts of state owned enterprises to determine whether their operations are in line with sound business principles and prudent commercial practices.

The house is not happy government still contract loans for public enterprises set up to make profit and demands government take steps to avoid the practice.

Member of Parliament for Sekondi, Paapa Owusu Ankomah who moved the proposal on the floor of Parliament was contributing to a report on a loan agreement totaling $48 million to enable the Ghana Water Company expand its distribution system in the Greater Accra region.

“All these state owned enterprises are owned by us as a nation, however, in terms of the oversight of its work, there is a lot that is left to be desired because there has never been a report in this house by that committee on the works of any state owned enterprise, I mean the Ministry of Employment Social Welfare and State Enterprises, and this is an area where we have had a lot of leakages via complaints,” he said.

Paapa Owusu Ankomah added that “It seems as if the people of this country do not see Parliament as constituted and very able to exercise oversight over these agencies and even the executive.”

Deputy Minister for Water Resources, Works and Housing, Samson Ahi, however, told Joy News managers of the Ghana Water Company were already under a performance target to meet.