The Legal Green Association (LGA) has commended the government, the State Interests and Governance Authority (SIGA), and the boards and management of state-owned enterprises (SOEs) for what it describes as significant improvements in the performance of the state-owned sector in the 2025 financial year.

According to the LGA, in a statement signed by Festus Matey, Leader of the LGA, and Evans Mawunyo Tsikata, Head of Politics and Elections, the improvements, as reported in the 2025 State Ownership Report released by SIGA, indicate progress in public-sector performance, financial management and institutional efficiency.

The report shows that SOEs recorded a consolidated net profit after tax of GH¢19.80 billion in 2025, compared with a net loss of GH¢2.25 billion in 2024.

Total SOE revenue also increased by 28.12 per cent, from GH¢137.64 billion in 2024 to GH¢176.43 billion in 2025.

The LGA said it welcomed reported growth in agriculture, manufacturing and infrastructure, as well as reductions in finance costs and public-sector procurement infractions and improved foreign exchange performance.

It also noted the growth of joint venture companies (JVCs) and commended SIGA for strengthening oversight, performance monitoring and corporate governance across the state-owned sector.

The association, however, said the reported improvements should translate into greater benefits for Ghanaians, particularly through the creation of sustainable jobs.

It cited Article 36(1) of the 1992 Constitution, which directs the state to manage the national economy in a manner that maximises economic development and provides adequate means of livelihood and suitable employment.

The LGA said profitable and strategically positioned state enterprises should expand production, establish new investment lines, support local value chains and create sustainable employment opportunities, particularly for the youth.

While welcoming the increase in employment across specified entities, which brought the workforce to 98,724, the association said the number of sustainable jobs created should become an important measure of the success of the government’s economic reset agenda.

It said the focus should shift from recovery to resilience, compliance to performance, public expenditure to public value, and state ownership to sustainable value creation.

The LGA further urged SIGA to continue its performance assessments and take appropriate lawful measures against entities that consistently fail to meet their statutory and commercial obligations.

It expressed concern about continued losses and negative equity reported by some state entities, and called for interventions such as restructuring, recapitalisation, strategic partnerships, mergers or, where legally justified and in the public interest, liquidation.

Such interventions, it said, must comply with the Constitution, relevant legislation, principles of natural justice and applicable public financial management and corporate governance requirements.

The association also called for profitable state enterprises to reinvest strategically in productive capacity, technology, infrastructure and employment-generating activities.

It urged government and SIGA to ensure that the gains recorded in 2025 become permanent structural improvements rather than a temporary rebound.