President Mahama demands measurable results from State Enterprises
By: Celestine Avi and Seth Eyiah President John Dramani Mahama has challenged boards and chief executives of state-owned enterprises to demonstrate measurable value from the public resources entrusted to them. He stressed that the ports, power infrastructure, water systems, factories, lands, buildings, equipment and other public investments managed by state institutions belong to the people […]
President John Mahama addressed State-Owned Enterprise leaders at a conference in Accra, urging them to answer a crucial question: "What additional value did your institution create for Ghana this year?" The challenge arises as the nation grapples with state enterprises struggling with losses, mounting liabilities, poor financial reporting, and excessive dependence on government support.
Mahama reminded the public that state assets are entrusted to governments, boards, and management, and that these institutions must translate their public ownership into tangible value for citizens. He highlighted improvements in SOE performance, citing the Tema Oil Refinery, Ghana Water Company Limited, and COCOBOD as examples of financially viable enterprises when properly managed.
Mahama cautioned against relying on the national budget to cushion inefficiencies, urging the boards and CEOs to take performance contracts seriously and deliver measurable results. He warned that persistent underperformance would have consequences, including potential leadership changes.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
