According to Joseph Cudjoe, minister of public enterprises, suggestions have been made to the ministry of finance regarding potential fines against Specified Entities who violate the terms of engagement.

He asserts that in order to reduce violations, Board members, management, chairpersons, and heads of the Specified Entities must familiarize themselves with and put into practice the recommendations made in the Auditor-report. General's

Joseph Cudjoe made a few brief statements during the State Interest and Governance Authority's presentation of the 2021 Infractions Audit Joint Report, where he urged high levels of commitment from the Specified Entities and other stakeholders.

“I have had discussions with the Director General of SIGA to think through possible sanctions that will be meted out to Specified Entities that will fail to implement recommendations outlined in the Auditor General's report,” Joseph Cudjoe hinted.

“One framework that has come up in our discussions is to make recommendations to the Minister of Finance to use withholder methods for budget releases as a punitive measure for non-compliance in this regard. It is non-financial in nature and it is easy to withhold Specified Entities with these sanctions,” the minister added.

Joseph Cudjoe added that he believes the move would come in handy to tackle the issue of non-compliance which has long been endemic among Specified Entities.