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Sunday, 13 September 2026
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Sunday, 13 September 2026
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Ghanaian press · Person

Dr. Richmond Atuahene

Also known as: Dr Richmond Atuahene · Dr Atuahene

Banking and Corporate Governance Consultant who examines Ghana's state enterprise finances and macroeconomic policy, frequently cautioning against overestimating SOE profit gains.

2026-05-012026-09-13

In coverage

Verbatim sentences from the source article.

  1. September 2026
  2. Joy Online

    Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has questioned the quality of the financial turnaround recorded by Ghana’s State-Owned Enterprises (SOEs), arguing that the reported profits do not necessarily reflect improved operational efficiency.

    SOE profit at GH¢19.8bn: I call it a miracle, but it’s not operational efficiency – Dr Atuahene
  3. Joy Online

    Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has cautioned that Ghana’s improving State-Owned Enterprise (SOE) finances could come under severe pressure if the cedi begins to depreciate again.

    Banking sector faces fresh risk if cedi starts sliding again, Dr Atuahene says
  4. Joy Online

    Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has warned that the GH¢282 billion debt burden of Ghana’s state-owned enterprises (SOEs) poses a major threat to the stability of the economy.

    State Enterprises’ GH¢282bn debt overhang threatens economic stability – Dr Atuahene
  5. Joy Online

    Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has cautioned against celebrating the latest profit figures of Ghana’s State-Owned Enterprises (SOEs) without examining whether the gains reflect genuine operational efficiency.

    SOE profits must reflect real efficiency, not just numbers – Dr Atuahene
  6. Joy Online

    Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has called for a critical review of state-owned enterprises (SOEs), warning that reported profits may not necessarily reflect improved operational efficiency.

    We must take critical look at SOEs and shed non-strategic ones – Dr Atuahene
  7. Joy Online

    Banking and Corporate Governance Consultant, Dr Richmond Atuahene, has cautioned against interpreting the recent rise in banking sector profits as evidence of improved operational efficiency.

    FX gains, not efficiency, behind much of banking sector’s profit growth, says Dr Atuahene
  8. June 2026
  9. Business & Financial Times

    By Dr. Richmond Atuahene 1.0 Introduction/ Background Globalization and digitization are two major trends that will shape the future of nations.

    Combating mobile money/digital fraud in Ghana: ‘Strategies for securing digital payments’
  10. May 2026
  11. Joy Online

    Banking consultant, Dr Richmond Atuahene, has said Ghana is on the right economic path following the successful completion of its US$3 billion Extended Credit Facility programme with the International Monetary Fund (IMF).

    Ghana on right economic trajectory after IMF programme exit – Dr Atuahene
  12. Joy Online

    Banking consultant Dr Richmond Atuahene has said that the International Monetary Fund (IMF) programme has played a key role in stabilising Ghana’s major economic indicators, including inflation, the exchange rate and foreign reserves.

    IMF programme stabilised Ghana’s economy – Dr Richmond Atuahene
  13. Joy Online

    Banking consultant Dr Richmond Atuahene has called for the transfer of management of non-strategic state-owned enterprises (SOEs), including GIHOC Distilleries Company Limited and State Transport, to the private sector, arguing that they place unnecessary strain on public finance

    Banking consultant calls for privatisation of non-strategic SOEs
Business

SOEs' GH¢19.8bn profit questioned as driven by forex, not efficiency

The News

Ghana's State-Owned Enterprises posted a combined net profit after tax of GH¢19.80 billion in 2025, a sharp turnaround from a GH¢2.25 billion loss in 2024, but a Banking and Corporate Governance Consultant argues the gains reflect foreign-exchange performance and reduced finance costs rather than improved operational efficiency.

3 September 2026 · Joy Online

Thursday 3 September

  1. SOEs' GH¢19.8bn profit questioned as driven by forex, not efficiency

    Ghana's State-Owned Enterprises posted a combined net profit after tax of GH¢19.80 billion in 2025, a sharp turnaround from a GH¢2.25 billion loss in 2024, but a Banking and Corporate Governance Consultant argues the gains reflect foreign-exchange performance and reduced finance costs rather than improved operational efficiency.

    3 September 2026 · Joy Online

  2. Banking sector vulnerable if cedi depreciates again, consultant warns

    Banking and Corporate Governance Consultant Dr Richmond Atuahene has cautioned that Ghana's improving State-Owned Enterprise finances could face severe pressure if the cedi depreciates, warning that much of the recent profit gains stem from foreign exchange gains rather than operational efficiency.

    3 September 2026 · Joy Online

  3. State enterprises' GH¢282bn debt threatens Ghana's economy

    A Banking and Corporate Governance Consultant has warned that Ghana's state-owned enterprises carry a GH¢282 billion debt burden that poses a major threat to economic stability, arguing that recent profit improvements may not reflect genuine operational efficiency but rather foreign exchange gains.

    3 September 2026 · Joy Online

  4. SOE profits must reflect real operational efficiency gains

    Banking consultant Dr Richmond Atuahene has cautioned that Ghana's State-Owned Enterprises' reported profit turnaround—from a GH¢2.25 billion loss in 2024 to GH¢19.8 billion profit in 2025—should not be celebrated without examining whether the gains reflect genuine operational efficiency rather than financial manipulation.

    3 September 2026 · Joy Online

  5. Ghana must review and divest non-strategic state enterprises

    Banking consultant Dr Richmond Atuahene has called for a critical review of state-owned enterprises, warning that reported SOE profits may not reflect operational efficiency and that Ghana should distinguish between strategically important enterprises and those that could be removed from government's portfolio.

    3 September 2026 · Joy Online

  6. Banking sector profits driven by FX gains, not efficiency

    Banking consultant Dr Richmond Atuahene argues that recent rises in banking sector profits are largely attributable to foreign exchange gains rather than operational efficiency, cautioning that sustainability is questionable if the cedi depreciates.

    3 September 2026 · Joy Online

Monday 22 June

  1. Ghana tackles rising mobile money fraud with security strategies

    An analysis examines digital fraud risks in Ghana's growing mobile money ecosystem, noting that fraudsters are developing sophisticated techniques to exploit vulnerabilities, particularly in developing economies with weaker regulatory frameworks.

    22 June 2026 · Business & Financial Times

Tuesday 19 May

  1. Ghana exits US$3 billion IMF programme ahead of schedule

    Ghana has completed its Extended Credit Facility programme with the IMF ahead of schedule and will transition to a non-financial policy support framework, signalling improved macroeconomic stability and progress towards debt sustainability. Banking consultant Dr Richmond Atuahene described the exit as a positive indicator, noting that the programme helped stabilise inflation, exchange rate, and foreign reserves after severe economic challenges in 2022–2023.

    19 May 2026 · Joy Online

  2. IMF programme stabilised Ghana's economic indicators

    Banking consultant Dr Richmond Atuahene has said the IMF programme played a key role in stabilising Ghana's inflation, exchange rate, and foreign reserves. Ghana has exited the US$3 billion Extended Credit Facility ahead of schedule and will move to a non-financing Policy Coordination Instrument framework, reflecting improved macroeconomic stability.

    19 May 2026 · Joy Online

  3. Banking consultant urges privatisation of non-strategic SOEs

    Banking consultant Dr Richmond Atuahene has called for the transfer of non-strategic state-owned enterprises, including GIHOC Distilleries and State Transport, to the private sector to reduce strain on public finances. He raised these concerns as government transitions from an IMF Extended Credit Facility programme to a new Policy Coordination Instrument framework intended to strengthen macroeconomic management and support investment-grade credit rating ambitions.

    19 May 2026 · Joy Online

Monday 4 May

  1. Ghana plans structured diaspora bonds backed by remittance securitisation

    Ghana's policymakers are exploring securitised remittance flows and guarantees to attract diaspora bond investment, shifting overseas transfers from consumption toward long-term infrastructure and financial assets. Remittances reached US$7.8 billion in 2025, nearly four times annual FDI and roughly six percent of GDP.

    4 May 2026 · Business & Financial Times

Friday 1 May

  1. Ghana must restructure gold transactions to prevent losses

    Banking consultant Dr. Richmond Atuahene has called for urgent restructuring of Ghana's gold transactions, citing accounting and policy challenges that persist since 2021 and create avoidable losses through price discrepancies between purchase and sale to the Bank of Ghana.

    1 May 2026 · Joy Online

  2. Bank of Ghana's GH₵15.6bn loss reflects policy not failure

    Banking consultant Dr. Richmond Atuahene has characterized the Bank of Ghana's reported GH₵15.6 billion loss as a "necessary evil" driven by policy actions including currency revaluation effects, open market operations to contain inflation, and gold transaction issues, rather than operational failure.

    1 May 2026 · Joy Online

Dr. Richmond Atuahene — Ghanaian press coverage · Ghana Minute