President John Dramani Mahama has warned that state-owned enterprises (SOEs) can no longer continue to record losses without consequences, saying his administration will demand greater value from institutions managing public assets.
“Persistent losses will no longer be quietly absorbed into the national budget,” President Mahama said.
He made the remarks at a conference organised by the State Interests and Governance Authority (SIGA) at the La Palm Royal Beach Hotel.
The President said his administration had reset its relationship with SOEs and would strengthen accountability in the management of state-owned institutions.
He stressed that public assets must be managed in the interest of Ghanaians and not treated as the property of individuals or institutions.
“These assets do not belong to any government, a board, or a chief executive. They belong to the people of Ghana, and you and I hold them only in trust for the people,” he said.
President Mahama’s warning puts financial performance and accountability at the centre of his government’s approach to state-owned enterprises.
He said institutions entrusted with public assets must demonstrate efficiency, responsibility and measurable value to the Ghanaian people.
