{
  "id": 6649196,
  "title": "10 SOEs recorded net loss of GH¢8.8bn in 2024 – IMF",
  "url": "https://urgent.news/2026/09/10/10-soes-recorded-net-loss-of-gh-8-8bn-in-2024-imf",
  "topic": "world",
  "section": "World",
  "published": "2026-09-10T21:50:14.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/10-soes-recorded-net-loss-of-gh%c2%a28-8bn-in-2024-imf/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Ten State-Owned Enterprises (SOEs) in Ghana recorded a net loss of GH¢8.8 billion in 2024, making up about 1.0% of the country's Gross Domestic Product (GDP), according to the International Monetary Fund (IMF). This loss was primarily driven by Electricity Company of Ghana (ECG), which alone accounted for 85% of the aggregated losses, equivalent to 0.7% of GDP. The IMF's report highlights financing costs as a critical factor in the SOEs' profitability issues, with aggregate financing costs reaching GH¢9.4 billion in 2024, nearly six times the Earnings before Interest and Tax. The report also identifies structural issues such as tariffs below cost recovery, unidentified and uncosted quasi-fiscal activities, and market factors affecting performance as contributing to the SOEs' struggles. Despite these challenges, the IMF notes that there are positive pockets of performance that demonstrate the potential for improvement when commercial discipline and supportive sector policies are aligned.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "10 SOEs recorded net loss of GH¢8.8bn in 2024 – IMF",
        "url": "https://urgent.news/2026/09/10/10-soes-recorded-net-loss-of-gh-8-8bn-in-2024-imf-6653886",
        "published": "2026-09-10T21:50:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}