Ghana Warns Underperforming SOEs: Improve or Face Dissolution
Ghana’s Ministry of Finance has issued a strong warning to State-Owned Enterprises (SOEs), signaling tough measures against persistent underperformance as part of the government’s economic reset agenda.
Speaking on behalf of the Finance Minister, Dr. Cassiel Ato Forson, the Deputy Minister, Thomas Nyarko Ampem, stressed that loss-making SOEs will no longer be tolerated.
Addressing stakeholders at a high-level meeting themed “Leveraging Public Assets for Shared Prosperity,” Mr. Ampem said the government has created a stable economic environment, leaving underperforming entities with “no excuses” for inefficiency.
He reiterated the position of John Dramani Mahama, noting that SOEs failing to deliver value will face restructuring, mergers, privatization, or outright closure. The meas...