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 →
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 →
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 →
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 →
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 →
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 →