Audio By Carbonatix
State-owned enterprises are drowning in debt, exceeding a staggering GH₵200 billion.
According to a JoyNews investigation, key SOEs, including ECG, COCOBOD, and VRA, continue to accumulate heavy financial burdens with no clear path to recovery.
Speaking at the National Economic Dialogue on Monday, March 2, Finance Minister Dr. Cassiel Ato Forson did not mince words.
He raised concerns over the financial health of Ghana’s state-owned enterprises (SOEs), revealing that almost all of them are currently operating at a loss.
Dr Forson highlighted the poor financial performance of key institutions, including the Electricity Company of Ghana (ECG) and the Agricultural Development Bank (ADB), emphasising the urgent need for reforms to prevent further economic deterioration.
"Almost all state-owned enterprises are in the red, almost all of them are in the red," Dr Forson remarked, drawing attention to the financial difficulties faced by these public institutions.
He added that "From the Electricity Company of Ghana to the Agricultural Development Bank."
Latest Stories
-
NPP must aim for decisive 2028 parliamentary Majority — Minority Leader
20 minutes -
Ghana not afraid of Germany like a few years ago – Kurt Okraku
24 minutes -
UNESCO-Ghana, Manhyia Palace Museum seal partnership as 2026 Otumfuo Art Awards launched
49 minutes -
Ibrahim Mahama faces Police board as assault probe continues
57 minutes -
UK–Ghana study tour strengthens partnership on roads and future transport systems
58 minutes -
Renting out your Accra apartment: Should you short-let or long-let in 2026?
1 hour -
Government communication alone won’t fix tomato shortage – Dr Charles Nyaaba
1 hour -
Ghanaian community in Switzerland champions inclusive governance at Diaspora Dialogue Series
2 hours -
UN slavery resolution isn’t binding, but revives calls for reparations – Prof Appiagyei-Atua
2 hours -
Ablakwa expresses deep gratitude to UN member states for backing Ghana’s slavery resolution
2 hours -
Gender Minister engages management, introduces new Chief Director at MoGCSP
2 hours -
Last Gallop: The rise, fall and fight for Horse Racing in Ghana
2 hours -
Communications Minister launches Ghana Climate Atlas to strengthen planning and climate resilience
2 hours -
Maintain credibility, reduce commentary — NDC elections director advises Mussa Dankwah
2 hours -
NDPC urges time discipline and stronger systems to accelerate Ghana’s development
2 hours