President John Dramani Mahama
President John Dramani Mahama has issued a decisive warning to State-Owned Enterprises (SOEs) that continue to operate at a loss, emphasising that they will face mergers, privatisation, or closure as part of broader efforts to enhance public sector efficiency and ensure economic sustainability.
Speaking to Chief Executive Officers (CEOs) of SOEs during an engagement organised by SIGA on March 13, 2025 in Accra, President Mahama underscored the urgent need for financial discipline and improved operational performance.
He also stressed that the government would no longer tolerate inefficiencies that burden the national economy.
“Loss-making SOEs will no longer be tolerated. They will be swiftly reformed, merged, privatised, or shut down,” the president asserted.
The directive by the President marks a significant policy shift from previous government approaches, moving away from continuous bailouts and subsidies for struggling state enterprises.
In Ghana, State-Owned Enterprises (SOEs) play a crucial role spanning key sectors such as energy, transport, agriculture, banking, and manufacturing.
However, persistent inefficiencies have led to recurring financial losses, prompting the government to take a firmer stance on reform.
Additionally, various SOEs in Ghana have continued to record significant losses due to poor management, financial misappropriation, and inefficiencies, further straining the national budget. This has prompted the government to take a firmer stance on reform.
MA
