SOEs swing from GH¢2.25bn loss to GH¢19.8bn profit in 2025 – Government

The Ghanaian government has reported a significant turnaround in the financial performance of the country's State-Owned Enterprises (SOEs) for 2025. According to data from the State Interests and Governance Authority (SIGA), the SOEs experienced a combined net loss of GH¢2.25 billion in 2024, marking four years of consecutive losses. However, the trajectory took a dramatic shift in 2025, with the SOEs recording a remarkable net profit of GH¢19.8 billion, reflecting a remarkable turnaround.

Minister of State for Government Communications, Felix Kwakye Ofosu, attributed this change to an impressive surge in the SOEs' revenue. He stated that the entities generated GH¢176.43 billion in revenue in 2025, a notable increase from GH¢137.64 billion in 2024, representing a 28.12% rise. This substantial revenue growth significantly contributed to the shift from losses to profits.

The data from SIGA underscores the positive financial performance of the SOEs over the past year. In 2024, the SOEs had recorded a total net loss of GH¢2.25 billion, extending a loss streak that had persisted for four consecutive years. However, the financial landscape dramatically changed in 2025, with the SOEs achieving a net profit of GH¢19.8 billion.

Kwakye Ofosu highlighted that the improvement in the SOEs' financial performance is evident in both the increased revenue and the transition from a loss-making to a profit-making entity. The SOEs' revenue increased by 28.12% between 2024 and 2025, further emphasizing the significant improvement in their financial status.