The Deputy Finance Minister, Thomas Nyarko Ampem, has issued a stern warning to Ghana’s State-Owned Enterprises (SOEs), declaring that loss-making institutions will no longer be tolerated and must deliver results—or face reform, merger, privatisation, or closure.

Speaking at the 2026 SIGA Annual Stakeholders’ Conference and Presidential Excellence in Leadership Awards at the Kempinski Hotel Gold Coast City, Mr Ampem emphasised that state support must be matched by accountability and effective performance.

“Inefficiencies in SOEs act as a tax on the economy.

Boards and management cannot be rewarded for losses,” he warned, urging institutions to strengthen governance, improve operations, and prioritise results.

The Deputy Minister noted that Ghana’s economy is now stabilising and repositioning for sustained growth and shared prosperity.

Inflation has fallen from 23.8% in January 2025 to 3.3% in February 2027, while economic growth reached 6% in 2025.

The Bank of Ghana’s monetary policy rate has been reduced from 28% to 14%, and fiscal consolidation measures are easing constraints for both the private sector and State-Owned Enterprises.

Mr Ampem’s remarks underscore the government’s push for improved efficiency, transparency, and financial discipline in state-owned institutions to support broader economic recovery.