Persistent SOE losses will no longer be absorbed by national budget – Mahama

President John Dramani Mahama has warned that the government will no longer continue to absorb persistent financial losses incurred by State-Owned Enterprises (SOEs), urging their boards and management teams to improve efficiency, accountability and profitability.

Speaking at a conference organised by the State Interests and Governance Authority (SIGA) at La Palm Royal Beach Hotel, Mahama said the government had reset its relationship with state-owned enterprises and would demand greater value from institutions entrusted with managing public assets.

According to the President, leadership positions in state-owned enterprises must be linked to measurable performance, value creation and profitability.