ECG, Graphic and three other SOEs recorded losses every year from 2021 to 2025 – SIGA

Five state-owned enterprises (SOEs), including the Electricity Company of Ghana (ECG) and Graphic Communications Group Company, recorded losses in every financial year between 2021 and 2025, the State Interests and Governance Authority (SIGA) has disclosed.

According to the report, the persistent losses recorded by the five entities remain a significant source of risk to Ghana’s state-owned sector, despite an overall improvement in its financial performance in 2025.

SIGA also disclosed that six entities, including AirtelTigo Ghana Limited, GIHOC Distilleries and Tema Oil Refinery, maintained negative equity throughout the same five-year period.