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).
In a statement issued in Accra on March 20, Mr. Awuah said 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 reflects reforms he spearheaded while in office.
Describing the journey as one of “debt to dominance,” he stated that the company was in severe financial distress when he assumed leadership.
“We inherited a loss-making, debt-ridden company that was struggling to pay staff salaries and had years of outstanding statutory obligations,” he said.
According to him, through decisive leadership and strategic reforms, the company’s fortunes were reversed, leading to 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, stressing that the awards validate the impact of those interventions.
Mr. Awuah further noted that continuous engagement with SIGA and responsiveness to performance evaluations played a key role in the turnaround.
He expressed optimism that the role of the Board, Management and Staff will sustain the progress, adding that the awards should serve as motivation to build on the foundation established under his leadership.