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Monday, 15 June 2026
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Monday, 15 June 2026
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Ghanaian press · Organization

State Interests and Governance Authority

Also known as: SIGA

State Interests and Governance Authority — sets financial reporting deadlines and oversees audits for Ghana's state-owned enterprises, recently commending Tema Oil Refinery's financial recovery.

2026-05-042026-06-15
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In coverage

Verbatim sentences from the source article.

  1. June 2026

  2. Joy Online

    President John Mahama has cautioned chief executives of state-owned enterprises that failure to submit audited accounts and annual reports within the timeframe set by the State Interests and Governance Authority (SIGA) could result in their dismissal. …

    Mahama warns state enterprise CEOs over failure to submit audited accounts
  3. May 2026

  4. Business & Financial Times

    … For more detailed operational insights and continuous performance contracts, refer to the State Interests and Governance Authority (SIGA) or the Ministry of Finance’s In 2026, Ghanaian State-Owned Enterprises (SOEs) could face intense pressure to eliminate persistent financial lo …

    Persistent SOEs Losses: A threat to Ghana’s fiscal balance and debt sustainability post-IMF bailout

  5. Joy Online

    Only 61 out of 185 state-owned enterprises, joint ventures and other specified entities submitted their 2025 financial statements to the State Interests and Governance Authority (SIGA) by the statutory April 30 deadline. …

    61 out of 185 SOEs met April 30 deadline for submitting 2025 financial statements

  6. Joy Online

    … The consequences were predictable: in 2016, when the State Interests and Governance Authority first attempted to compile a systematic State Ownership Report, it found that only two of Ghana’s major state enterprises had current audited financial statements available. …

    Ghana’s Appointment Addiction: Why the State cannot function when everything depends on who won the election
Politics

Minority demands parliamentary inquiry into Ghana Ministers awards scheme

The News

The Parliamentary Minority has called for a bipartisan committee to investigate the Ghana Ministers of State Excellence Honours following allegations that individuals were required to make financial payments to secure recognition. The State Interests and Governance Authority Director-General claimed he was asked to pay GH¢50,000 for an award.

Why it matters

Parliamentary Minority demands inquiry into Ghana Ministers awards scheme over allegations that individuals paid to secure recognition—accountability issue.

11 June 2026 · Joy Online →

Thursday 11 June

  1. Minority demands parliamentary inquiry into Ghana Ministers awards scheme

    The Parliamentary Minority has called for a bipartisan committee to investigate the Ghana Ministers of State Excellence Honours following allegations that individuals were required to make financial payments to secure recognition. The State Interests and Governance Authority Director-General claimed he was asked to pay GH¢50,000 for an award.

    11 June 2026 · Joy Online →

Wednesday 10 June

  1. Citizens petition Mahama over alleged cash-for-awards scheme

    Two citizens have petitioned President John Mahama to investigate government officials who allegedly paid money ranging between GH¢25,000 and GH¢50,000 to receive awards at the 6th Ghana Ministers of State Excellence Awards held in Accra on June 6, 2026.

    10 June 2026 · Daily Guide →

  2. Citizens petition Mahama over alleged cash-for-awards scheme

    Two citizens have petitioned President Mahama to investigate government officials who allegedly paid money to receive awards at the 6th Ghana Ministers of State Excellence Awards in Accra on June 6, 2026. The petition alleges that awardees paid between GH¢25,000 and GH¢50,000 to secure recognition, and names several government ministers among the recipients.

    10 June 2026 · Daily Guide →

Tuesday 9 June

  1. Mahama bars ministers, CEOs from private awards without approval

    President John Dramani Mahama has directed ministers, CEOs of state institutions, and political appointees to stop participating in, endorsing, sponsoring, or accepting awards from private organisations without prior approval from his Office. The directive cites concerns that many award-giving bodies lack transparent, objective criteria and pose risks of undermining public service integrity and creating false impressions about government performance.

    9 June 2026 · Daily Guide →

  2. State enterprises turned profit in 2024, lost GH¢9.7bn overall

    The 2024 State Ownership Report shows 35 of 54 state-owned enterprises turned a profit, but the sector posted a net loss of GH¢9.68 billion after tax, worse than the GH¢7.14 billion loss in 2023, driven by losses at a handful of giant utilities and currency revaluation effects from the weakening cedi.

    9 June 2026 · Business & Financial Times →

  3. Ghana Ministers of State Excellence Honours denies pay-for-awards allegations

    The Secretariat of the Ghana Ministers of State Excellence Honours has denied claims that recipients must make financial contributions to receive recognition, stating that all honours are awarded solely on merit, leadership and service to national development. The denial follows concerns raised by Prof. Michael Kpessa-Whyte about the potential for awards to become transactional.

    9 June 2026 · Joy Online →

  4. SIGA boss denies celebrating Best CEO award on social media

    Professor Michael Kpessa-Whyte, Director-General of the State Interests and Governance Authority, has rejected claims by the CEO of Big Events Ghana that he publicly celebrated being named "Best CEO of the Year," describing the allegation as "a palpable lie" and challenging the awards organiser to provide evidence of the alleged social media post.

    9 June 2026 · Joy Online →

Sunday 7 June

  1. SIGA director rejects unsolicited award over lack of transparency

    Prof. Michael Kpessa-Whyte, Director-General of SIGA, declined a "Best CEO of the Year" award from an organisation styling itself as "Ghana Ministers of State Excellence Honours," citing lack of clarity on the award year, assessment criteria, panel composition, performance indicators, and contenders, and concerns about payment requirements for attendance.

    7 June 2026 · Joy Online →

Tuesday 2 June

  1. TOR clears six-year audit backlog, returns to profitability

    Tema Oil Refinery has completed audited financial statements for 2019–2025 and posted a Profit Before Tax of GH¢1.24 billion in 2025, its first year of profitability in a decade. The State Interests and Governance Authority commended the refinery for resolving the audit backlog and achieving financial recovery through improved governance and operational reforms.

    2 June 2026 · Business & Financial Times →

Monday 1 June

  1. Tema Oil Refinery posts GHS 1.24bn profit, first in decade

    The Tema Oil Refinery recorded a profit before tax of GHS 1.24 billion in 2025, its first profit in a decade, driven largely by a GHS 1.3 billion foreign exchange gain and improved crude oil processing following maintenance works. The State Interests and Governance Authority attributed the turnaround to improved revenue generation and financial management, though cautioned that challenges including liquidity pressures and accumulated deficits remain.

    1 June 2026 · Joy Online →

  2. Mahama warns state enterprise CEOs on audited accounts deadline

    President John Mahama has cautioned chief executives of state-owned enterprises that failure to submit audited accounts and annual reports within the timeframe set by the State Interests and Governance Authority could result in dismissal. The President said some state-owned enterprises had operated for several years without producing audited financial statements or annual reports, and has incorporated submission of these documents into chief executives' key performance indicators.

    1 June 2026 · Joy Online →

Tuesday 19 May

  1. State-owned enterprises' losses threaten Ghana's fiscal balance

    Persistent losses by state-owned enterprises (SOEs) pose a risk to Ghana's fiscal balance and debt sustainability following the IMF bailout, according to a corporate governance consultant. The article contextualizes Ghana's SOE sector from independence through economic crises of the 1980s–90s, which reduced government capacity to finance operations and worsened SOE performance.

    19 May 2026 · Business & Financial Times →

Tuesday 12 May

  1. Only 61 of 185 state entities met financial statement deadline

    As of May 1, only 61 out of 185 state-owned enterprises and specified entities submitted their 2025 financial statements to SIGA by the April 30 deadline, representing a 32% compliance rate. More than 100 entities had neither submitted statements nor provided reasons for delays.

    12 May 2026 · Joy Online →

Monday 4 May

  1. Ghana's governance structure empties all state boards upon election

    On inauguration day, Ghana's Presidential Transitions Act automatically removes all board members from every state-owned enterprise simultaneously, requiring the new government to undertake months-long appointment cycles that consume significant political energy and administrative bandwidth.

    4 May 2026 · Joy Online →

State Interests and Governance Authority — Ghanaian press coverage · Ghana Minute