Ghana IntelBrief
Back to Latest Briefings
61 out of 185 SOEs met April 30 deadline for submitting 2025 financial statements
May 12, 2026
AI-Enhanced

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.

Read Full Article

View original source

Related Articles

Abu Trica rushed to Police Hospital as lawyer raises concerns over access to client

July 8, 2026

Abu Trica rushed to Police Hospital as lawyer raises concerns over access to client
  • Frederick Kumi (Abu Trica) has been rushed to the Police Hospital, according to his lawyer, Oliver Barker-Vormawor.
  • His legal team has been denied access to him for over a week, and they are unaware of his current detention location, with Interpol denying custody.
  • Barker-Vormawor plans to file a habeas corpus application if authorities continue to deny Abu Trica his right to legal representation.
  • The lawyer criticized the treatment of Ghanaian citizens in cases involving foreign law enforcement agencies, likening it to treating them as 'animals'.
  • Abu Trica faces extradition to the United States over an alleged $8 million romance scam and wire fraud scheme.
Read full briefing

GRA gives Electrochem seven days to settle GH¢6.8m tax debt or face sanctions

July 8, 2026

GRA gives Electrochem seven days to settle GH¢6.8m tax debt or face sanctions
  • The Ghana Revenue Authority (GRA) has issued a seven-day ultimatum to Electrochem Ghana Limited to settle an outstanding tax liability of GH¢6.8 million.
  • As an enforcement measure, GRA officers sealed off the company's administration block at Ada on July 8.
  • The tax arrears date back to 2021, initially totaling GH¢8.8 million with interest, though a GH¢200,000 payment was made by the company.
  • The GRA chose not to fully shut down operations to allow the company to continue working and raise funds for the remaining balance.
  • This action is part of the GRA's intensified enforcement drive to improve revenue mobilization and meet its annual collection targets.
Read full briefing

Akandoh mourns Sefwi Sayerano shooting victims, calls for justice

July 8, 2026

Akandoh mourns Sefwi Sayerano shooting victims, calls for justice
  • Health Minister and Juaboso MP, Kwabena Mintah Akandoh, expressed condolences for a fatal shooting incident in Sefwi Sayerano.
  • The incident, which occurred during a police attempt to arrest a suspected drug peddler, resulted in three deaths and two injuries.
  • A confrontation between police officers from the Sefwi Wiawso Divisional Police Command and residents led to the shootings.
  • Mr. Akandoh called for justice and adherence to legal processes, urging that the law take its course.
  • He also criticized minority MPs for allegedly politicizing the tragic event.
Read full briefing