Three separate boards have been inaugurated for the Volta River Authority’s (VRA) non-power subsidiary companies. They are the real estate, education and health departments.
Each of the boards has a four-year mandate with oversight responsibilities for the subsidiaries that have been restructured into self-financing companies.
The restructuring was led by the Strategic Business Unit (SBU) of the company to support the VRA’s competitive strategy.
Members of the Real Estate Board are: Mr William Bobie, Mrs Eva Andoh-Poku, Mr Martin Nantwi and Mr Peter Osei-Asamoah. Mrs Alice Osei-Okrah is the chairperson.
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The VRA International School’s board is chaired by Dr George Afeti, with Messrs Arnold Seshie, Emmanuel Ofosu–Ofei, Abdulai Adams and Stephen Opare as members.
Board members for the health facilities are Dr (Mrs) Rebecca Acquaah-Arhin (chairperson), Dr Ken Sagoe, Mrs Kokui Adu, Mr Anthony Forson and Mr Ludwig Hlordze.
The Minister of Power, Dr Kwabena Donkor, charged the members to give their best since they had been appointed at a time the sector was facing some challenges.
Dr Donkor also appealed to the board members to allow their respective management teams to steer the affairs of their entities and indicated that their roles were only supervisory.
He expressed hope that the members would live up to expectation.
Meanwhile, the ministry has directed that all non-critical capital projects should be suspended to enable the ministry to marshal adequate resources to ensure its smooth operation.
The Chief Executive Officer of VRA, Ing Isaac Kirk Koffi, explained that members of the boards were carefully selected based on their experience and expertise. He was optimistic that collectively, they would manage the subsidiaries to the satisfaction of all stakeholders.
He further indicated that, the separation was to allow the VRA to concentrate on its core business of electricity generation.
Enhance synergy function
The Board Chairman of the VRA, Mr Lee Ocran, urged the board members to look out for possible synergies between the subsidiaries in order to contribute to the strategic objectives of the VRA.
He advised the members to promote good corporate governance and trust with all stakeholders.