Survival is not success for state-owned enterprises – Mahama

President John Dramani Mahama has warned boards and management of Ghana’s state-owned enterprises (SOEs) that survival can no longer be treated as success, demanding stronger performance, tighter financial discipline and greater accountability across the public enterprise sector.

President Mahama said the ultimate objective was to ensure that every state entity could demonstrate its contribution to Ghana through reliable, independently audited financial information, completed performance contracts, timely reporting, regular stakeholder engagements and full disclosure of material risks.

President Mahama said boards and management would be assessed against clear financial, operational, governance and development targets, with poor performance triggering corrective action and, where necessary, changes in leadership.