SOEs rack up GH¢18.6bn in financial irregularities – IMF report
State-Owned Enterprises (SOEs) recorded approximately GH¢18.6 billion in financial management irregularities, raising concerns over the financial risks their operations pose to government, according to a new IMF Technical Assistance Report.
A recent IMF Technical Assistance Report highlights significant financial management irregularities among State-Owned Enterprises (SOEs) in the country, amounting to approximately GH¢18.6 billion. These irregularities, as identified in the 2024 Report of the Auditor-General, have raised concerns about the financial risks these enterprises pose to the government.
The report emphasizes the need for stronger financial oversight and governance, pointing out the importance of improved coordination between the Ministry of Finance and the State Interests and Governance Authority. Additionally, the report calls for better monitoring of SOE investments to mitigate potential fiscal exposure.
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