Ghana’s State-Owned Enterprises post GH¢19.8bn profit after four years of losses
By Amoako Kwame Ghana’s State-Owned Enterprises (SOEs) recorded a consolidated net profit after tax of GH¢19.80 billion in 2025, ending four consecutive years of losses, according to the State Interests and Governance Authority (SIGA). The strong turnaround represents a significant improvement from the GH¢2.25 billion net loss recorded in 2024, as total revenue across the […]
Ghana's State-Owned Enterprises (SOEs) experienced a significant turnaround in 2025, posting a consolidated net profit after tax of GH¢19.80 billion, ending four years of losses. This marks a stark contrast to the GH¢2.25 billion net loss recorded in 2024, as total SOE sector revenue surged by 28.12%, from GH¢137.64 billion to GH¢176.43 billion.
The SOE sector's performance was driven by strong growth in agriculture, manufacturing, and infrastructure subsectors. Despite the improvements, five SOEs remain loss-making, while total SOE assets declined by 5.86%, and total liabilities fell by 4.31%. Joint venture companies, however, recorded stronger profits, with net profit excluding minority interests rising by 36.55% and total assets increasing by 25.99%.
Other state entities, on the other hand, recorded a considerable deficit of GH¢10.48 billion in 2025. The SOE sector's improved performance can be attributed to favorable macroeconomic conditions, such as a growth in real gross domestic product (6%), a decline in the Monetary Policy Rate (from 27% to 18%), and a reduction in public debt.
The General Authority for State Interests and Governance (SIGA) cautioned that significant financial risks continue to concentrate in a few SOEs and identified several contingent liabilities.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
