GBC transiting from bureaucracy to business

The Ghana Broadcasting Corporation, GBC has exceeded its revenue target for the First Quarter by 75 percent and 30 percent for the Second Quarter.

This are outcomes of ongoing transformation to improve the Corporation’s Public Service Broadcasting mandate, as it moves from bureaucracy to business.

Director-General of GBC, Prof. Amin Alhassan made this known when he took his turn at the Media Engagement Series organized by the State Interest and Governance Authority, SIGA in Accra.

He said GBC is investing in content production to take the organisation to the next level. Each Channel of the Corporation, he disclosed is being turned into a business unit to help generate the needed revenue to fund operations.

For his part, the Managing Director of Consolidated Bank Ghana, CBG, Daniel Addo who also took his turn at the forum, said though the Bank encountered a number of challenges at the beginning of its establishment, it has been able to save about Seven-point-nine Billion Ghana Cedis in depositors’ funds, saved two thousand 300 direct and indirect jobs, and put in place strong Governance, risk and control measures.

He reiterated CBG’s resolve to focus more on Small and Medium Scale Enterprises and other growth sectors of the economy.

Director-General of SIGA, Stephen Asamoah Boateng expressed delight at the performance of the two entities and urged other State-Owned Enterprises to follow the footsteps of GBC and CBG to promote national development.