By Jibril Abdul Mumuni
Accra, April 19, GNA – Government will implement reforms to reposition StateâOwned Enterprises (SOEs) as drivers of value creation, Vice President Professor Naana Jane OpokuâAgyemang has said.
She said although more than 170 specified entities operated across key sectors and held substantial national assets, inefficiencies, liabilities and governance weaknesses had limited their contribution to national growth.
Professor OpokuâAgyemang made the remarks in a speech read on behalf of President John Dramani Mahama at the 2026 State Interests and Governance Authority (SIGA) stakeholders meeting.
She said the reform agenda aimed to transform the sector from a fiscal burden into a productive component of the economy.
The Governmentâs economic reset, she noted, required SOEs to operate with discipline, accountability and a strong performance orientation.
The Vice President said the Ministry of Finance and SIGA were assessing the financial health, strategic value and sustainability of entities under the Stateâs equity portfolio.
The assessment would inform decisions to strengthen viable enterprises; restructure struggling ones and potentially increase state stakes or list profitable entities on the stock exchange.
Professor OpokuâAgyemang said the approach aligned with global best practices adopted by countries undertaking similar reforms.
She emphasised that improved oversight was central to the reform agenda, with measures including performance contracts, strengthened board accountability, adherence to reporting standards and enhanced transparency.
She said a performanceâlinked remuneration system for SOE leadership was under consideration to promote resultsâoriented management.
The Vice President also highlighted the Public Enterprises Big Table initiative as a tool for ranking institutional performance and encouraging improvement.
She urged SOEs to demonstrate high standards of responsibility, noting that public ownership must reflect effective stewardship.
Professor OpokuâAgyemang reaffirmed Governmentâs commitment to ensuring that specified entities ceased to be sources of fiscal risk and became pillars of national productivity.
She expressed confidence that sustained discipline, accountability and adherence to the reform framework would enable SOEs to support economic recovery and longâterm development.
GNA
Edited by Kenneth Sackey