Accra: Former Managing Director of the Precious Minerals Marketing Company (PMMC), Nana Akwasi Awuah, has highlighted his leadership role in the company's transformation, following its multiple wins at the 2024 Public Enterprise League Table (PELT) Awards organised by the State Interests and Governance Authority (SIGA).
According to Ghana Web, Mr. Awuah issued a statement in Accra on March 20, emphasizing the recognition of PMMC-now operating as GoldBod-as Overall Best Specified Entity, State-Owned Enterprise of the Year, and Most Profitable State-Owned Enterprise. He attributed these accolades to the reforms he spearheaded while in office.
Mr. Awuah described the company's journey as one of "debt to dominance," noting that it was in severe financial distress when he assumed leadership. He stated, "We inherited a loss-making, debt-ridden company that was struggling to pay staff salaries and had years of outstanding statutory obligations."
He further explained that through decisive leadership and strategic reforms, the company's fortunes were reversed, achieving profitability by the end of 2024. "I feel honoured and proud to have led the team that worked assiduously to turn around the fortunes of a near-moribund company," he added, highlighting that the awards validate the impact of those interventions.
Additionally, Awuah stressed the importance of continuous engagement with SIGA and responsiveness to performance evaluations as key factors in the company's turnaround. He expressed optimism about the role of the board, management, and staff in sustaining the progress, noting that the awards should motivate them to build on the foundation established under his leadership.