President Mahama warns SOE boards against using public funds for perks

“Any board or chief executive who persistently places an entity beyond lawful oversight demonstrates an unwillingness to account for public assets,” he said.

President John Dramani Mahama has cautioned governing boards and management of State-Owned Enterprises (SOEs) against using public funds to finance personal benefits at the expense of the Ghanaian taxpayer.

The President said every board chairperson and chief executive should be able to answer a fundamental question: “What additional value did our entity create this year?