Ghana IntelBrief
Back to Latest Briefings
Let’s fix governance and performance gaps in SOEs – Experts
March 20, 2026
AI-Enhanced

Let’s fix governance and performance gaps in SOEs – Experts

Money
Policy

Key Points

  • The Ghanaian government has issued a renewed warning that loss-making State-Owned Enterprises (SOEs) will undergo reform, merger, privatization, or shutdown.
  • Deputy Finance Minister Thomas Ampem Nyarko stressed that SOEs cannot continue to operate at a loss while paying bonuses, which should be tied to profits.
  • Experts, including Professor Peter Quartey, attribute the persistent challenges in SOEs to structural and governance issues, particularly politically-driven CEO appointments.
  • The State Interests and Governance Authority (SIGA) clarified it has declined bonus requests from SOEs that did not meet performance benchmarks, despite some entities citing unplanned government directives for social services as a cause for losses.
  • Both experts advocate for comprehensive reforms, emphasizing merit-based leadership appointments, strict performance indicators, accountability, and proper financial accounting for government-mandated social interventions.

Why This Matters

Inefficient and loss-making State-Owned Enterprises (SOEs) represent a significant drain on Ghana's public finances, diverting funds that could be used for critical public services and development projects. Reforming these entities is crucial for fiscal sustainability, improving governance standards, and fostering a more productive and accountable public sector that contributes positively to the national economy rather than being a burden.

Read Full Article

View original source

Related Articles

QNET, Manchester City Host Grassroots Football Clinic in Ghana

May 25, 2026

QNET, Manchester City Host Grassroots Football Clinic in Ghana
  • QNET and Manchester City expanded their global partnership by hosting the “ManCity-QNET Football Clinic 2026” in Accra, Ghana.
  • The five-day grassroots programme, held from May 20-24, trained 25 selected boys and girls aged 8-11.
  • Participants received elite coaching based on Manchester City academy methods, focusing on football development, leadership, and confidence.
  • The initiative was described as a Corporate Social Responsibility (CSR) effort aimed at empowering young talents, not a scouting exercise.
  • Organisers plan to make the football clinic a regular event in Ghana and across Sub-Saharan Africa.
Read full briefing

Ghana’s Jada Yankey clocks new personal best at AP Race London International

May 24, 2026

Ghana’s Jada Yankey clocks new personal best at AP Race London International
  • Ghanaian swimmer Jada Yankey achieved a new personal best in the women’s 50m butterfly at the AP Race London International 2026.
  • She clocked 30.74 seconds, finishing second in her heat at the competition held from May 23 to 25.
  • The event took place at the London Aquatics Centre, a recognized international swimming competition licensed by World Aquatics.
  • Yankey, who is set to turn 14, is considered one of Ghana’s most promising young swimming talents.
  • She previously recorded several personal bests at the 2026 Africa Aquatics Championships in Oran, Algeria.
Read full briefing

Keta MP offers relief to Afiadenyigba SHS after fire outbreak

May 24, 2026

Keta MP offers relief to Afiadenyigba SHS after fire outbreak
  • MP for Keta, Kwame Dzudzorli Gakpey, donated essential supplies to Anlo Afiadenyigba Senior High School.
  • The donation followed a fire that gutted the boys' dormitory on May 19th.
  • The relief package included mattresses and bedsheets, aimed at providing immediate support to affected students.
  • The fire was brought under control by the Anloga Fire Station, preventing further spread.
  • The Ghana National Fire Service (GNFS) urged all schools nationwide to strictly observe fire safety measures.
Read full briefing