• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, September 11, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Vaultz Business

If I had my way I’ll cancel Teshie Desalination contract– SIGA Director

Maynard Championby Maynard Champion
September 1, 2020
Reading Time: 2 mins read
Add as Preferred on Google
Director-General of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng

Director-General of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng

Stephen Asamoah Boateng, the Director-General of the State Interests and Governance Authority (SIGA), has stated he would terminate the Teshie Desalination Project contract if he had his way.

The SIGA boss was stunned by the fact that with the replete source of fresh water bodies in the country, some entities deem it necessary to desalinate sea water for utility.

Speaking on the state broadcaster (GTV) platform on the topic, “Making State Enterprises Profitable and Resilient”, Mr. Asamoah Boateng revealed that had the situation been the reverse without being tied down by the contractual obligations, he would have opted out having his own way.

“Why would you want to desalinate sea water when you have clean water bodies like the Volta that has been dammed at Akosombo, and you can even supply to Togo if you are serious. It is terrible, if I had my way, I’ll cancel it”.

In furtherance, Mr. Asamoah Boateng backtracked to similar deals which were carried out by the previous government, which on his take, should equally be terminated.

ADVERTISEMENT

According to him, such deals bestow state entities with legacy debts as the government did not consult the managers of the institutions before they secured funds to undertake those projects.

“Why would you for instance, contract a loan of $275 million to develop Terminal 3 when it could have even built a brand new airport? So you go and contract and commit the state entity without talking to them; and then you give them legacy debt, then you tell them to turn things around. The policy direction must be correct and this why President Akufo-Addo has said you cannot go and do anything without talking to the central body that oversees the institution’s activities.”

That notwithstanding, he commended some Chief Executive Officers of the various state owned businesses for how they have handled state institutions during the COVID-19 pandemic.

“I want to commend the CEOs because they have realized especially in the Covid era that you have to cut down on the wastage to prune down your expenditure.”

 “The deal was set up in a way to milk the system. Why would you want to change sea water and it’s not like we are on a desert. I can understand Libya or Israel will go in for such a deal, but we have a lot of water bodies in Ghana so you cannot develop that?”

The plant, which was shut down for about a year over some technical and operational challenges, resumed operation on March 18, this year.

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Asamoah BoatengSIGATeshie desalination project
Please login to join discussion
Previous Post

Mahama is still struggling to find out what Ghanaians governance priorities are- Buaben Asamoah

Next Post

Largest faction of Japan’s ruling party backs Suga to replace Abe as PM

Related Posts

Mayor of Accra, Hon. Michael Kpakpo Allotey, Engaging Traders at Makola Market During the National Sanitaion Exercise
Vaultz Business

AMA Fines Six Food Vendors GH¢1,100 For Operating During National Sanitation Day

September 10, 2026
7ec9e2fd f172 4894 9ad9 a9be82690432
Vaultz Business

GH¢5,000, E-Cash, Data and Airtime Reward on ‘MoMo Hour’ by MoMo Fintech LTD

September 10, 2026
GEPA CEO, Francis Kojo Kwarteng Arthur Esq. Presenting a Made-In-Ghana Products to the Spanish Economic and Commercial Office in Accra
Vaultz Business

GEPA Courts Spain to Deepen Trade Ties Ahead of Fruit Attraction 2026

September 9, 2026
Deputy Minister for Trade, Agribusiness and Industry, Hon. Sampson Ahi, Addressing Participants at the EcoMark Africa Awareness Workshop in Accra
Vaultz Business

Ghana’s Textile Future Anchored on Sustainability, Quality & Global Standards

September 9, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah with Minerals Commission CEO, Hon. Isaac Tandoh

Ghana Positions Critical Minerals Sector for Global Energy Transition Partnerships

September 11, 2026
Chief Executive Officer of the Ghana Gold Board (Goldbod), Sammy Gyamfi

GoldBod Profit Jump Puts Focus on Long-Term Economic Value

September 11, 2026
Photo of Petroleum Commission and Kosmos Energy team

Petroleum Commission, Kosmos Deepen Technical Capacity Drive

September 11, 2026
GOLDBOD-LOGO-

GoldBod Model Emerges as Reference Point For African Gold Governance

September 11, 2026
A Ministry of Finance graphic projecting 30,000 direct and indirect jobs from the Accra-Kumasi Expressway project.

30,000 Accra-Kumasi Expressway Jobs Rest on Key Assumptions

September 11, 2026
ADVERTISEMENT
Next Post
Japan’s chief cabinet secretary Yoshihide Suga favorite to become new PM. Image credit: AFP

Largest faction of Japan's ruling party backs Suga to replace Abe as PM

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.