Persistent SOE losses will no longer be absorbed by national budget – Mahama

President John Dramani Mahama has stated that the government will no longer absorb persistent financial losses incurred by State-Owned Enterprises (SOEs). At a conference organized by the State Interests and Governance Authority (SIGA), Mahama emphasized that SOEs must improve efficiency, accountability, and profitability. He urged the boards and management teams to take greater responsibility and operate with a stronger sense of accountability, as their continued dependence on government support places an unnecessary burden on the national budget.

Mahama reminded the SOE leaders that the assets they manage ultimately belong to the people of Ghana and are held in trust on their behalf. He pointed out that these assets include ports, power infrastructure, factories, water systems, pension funds, lands, buildings, equipment, and government-owned shares. Mahama challenged all the institutions present to demonstrate, with credible evidence, the value they have created for the Ghanaian people.