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61 out of 185 SOEs met April 30 deadline for submitting 2025 financial statements
May 12, 2026
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61 out of 185 SOEs met April 30 deadline for submitting 2025 financial statements

Money
Policy

Key Points

  • Only 61 out of 185 state-owned enterprises (SOEs), joint ventures, and other specified entities submitted their 2025 financial statements by the April 30 deadline.
  • This represents a low compliance rate of approximately 32% as of May 1, 2026, according to SIGA's dashboard.
  • Key entities like the Bank of Ghana, ECG, Ghana Gas, and GNPC were among those that complied.
  • Over 100 entities, including Minerals Development Fund and Lands Commission, neither submitted their statements nor provided reasons for delay.
  • The widespread non-compliance raises serious questions about financial reporting discipline, institutional compliance, and accountability within Ghana's public sector.

Why This Matters

The widespread failure of state-owned entities to submit financial statements indicates significant issues with accountability and transparency in Ghana's public sector. This lack of financial oversight can lead to mismanagement of public funds, hinder effective governance, and potentially impact Ghana's economic stability and attractiveness for investment by eroding trust and increasing perceived risk.

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