Government has highlighted a significant improvement in the financial performance of Ghana’s State-Owned Enterprises (SOEs), citing data from the State Interests and Governance Authority (SIGA).
According to the Minister of State for Government Communications, Felix Kwakye Ofosu, SOEs recorded a combined net loss of GH¢2.25 billion in 2024, continuing a trend of losses that had persisted for four consecutive years.
He said the position changed significantly in 2025, with SOEs recording a combined net profit of GH¢19.8 billion.
Mr Kwakye Ofosu also pointed to a substantial increase in revenue generated by the state-owned entities during the period.
According to him, SOEs recorded GH¢176.43 billion in revenue in 2025, compared with GH¢137.64 billion in 2024, representing a 28.12 per cent increase.
In a statement, the Minister cited the SIGA figures as evidence of an improved financial performance by the state-owned enterprises.
“The State Interest and Governance Authority (SIGA) reports that in 2024, Ghana’s SOEs recorded a total net loss of GHS 2.25 billion,” he wrote.
“They had recorded four consecutive years of losses up to that point.”
He said the financial position of the entities changed considerably in 2025.
“In 2025, they recorded a net profit of GHS 19.8 billion.”
Mr Kwakye Ofosu added that the increase in revenue further highlighted the scale of the reported improvement.
“The SOEs also recorded GHS 176.43 billion in revenue in 2025 as against GHS 137.64 billion in 2024, representing a 28.12% increase,” he stated.
The State Interest and Governance Authority (SIGA) reports that in 2024, Ghana's SOEs recorded a total net loss of GHS 2.25 billion.
— Felix Kwakye Ofosu (@FelixKwakyeOfo1) August 31, 2026
They had recorded four consecutive years of losses up to that point.
In 2025, they recorded a net profit of GHS 19.8 billion.
The SOEs also…
