Also known as: SIGA · SIGA Director-General
State body overseeing state-owned enterprises' governance, financial reporting and accountability to which TOR submitted audited financial statements.
News reports
Order a long-term news report on State Interests and Governance Authority
Every mention in the Ghanaian press over the period you choose, compiled as a PDF or Word document.
Verbatim sentences from the source article.
Joy Online
… His comments come shortly after the State Interests and Governance Authority (SIGA) reported a sharp turnaround in the financial performance of SOEs in 2025. …
We must take critical look at SOEs and shed non-strategic ones – Dr AtuaheneJoy Online
… The State Interests and Governance Authority’s 2025 State Ownership Report, released in August, showed that SOEs swung from a GH¢2.25 billion net loss in 2024 to a GH¢19.8 billion net profit in 2025. …
FX gains, not efficiency, behind much of banking sector’s profit growth, says Dr AtuaheneJoy Online
… The Director General of SIGA, Prof Michael Kpesah Whyte, welcomed the positive turnaround at BOSTenergies including its first dividend payment in its history and urged the Board and Management to remain on track to achieve bigger growth and deliver value to government. …
BOSTenergies reports strong 2025 performance, pays first-ever dividend to governmentJoy Online
… In 2026, he intensified the warning, directing CEOs to submit outstanding audited accounts and annual reports by SIGA’s deadline or risk dismissal, making the submissions part of their performance indicators. …
Presidency reveals ‘impending reshuffle’ of SOE CEOsJoy Online
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 t …
LGA commends State-Owned Enterprises for recording strong 2025 performanceJoy Online
TDC Development Company more than tripled its net profit in 2025, closing the year at GH¢195.61 million, up from GH¢59.99 million in 2024, according to the latest State Ownership Report by the State Interests and Governance Authority (SIGA). …
SIGA Report: TDC more than triples net profit to ¢195.6m in 2025Joy Online
… According to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA), GRIDCo’s operating profit dropped from GH¢955.19 million in 2024 to GH¢100.82 million in 2025. …
GRIDCo’s operating profit plunges 89% despite net profit surge in 2025Joy Online
… According to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA), the reversal followed a sharp decline in income, rising operating costs and a GH¢1.87 billion foreign-exchange loss. …
GIIF records GH¢1.62bn loss in 2025 after GH¢2bn profit in 2024Joy Online
… According to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA), the company’s net loss increased from GH¢2.20 million in 2024 to GH¢6.06 million in 2025. …
Ghana Digital Centres’ loss nearly triples to GH¢6.06m as revenue fallsJoy Online
Vice President of IMANI Africa, Bright Simons, has challenged the State Interests and Governance Authority’s (SIGA) reported GH¢19.8 billion combined net profit recorded by Ghana’s state-owned enterprises (SOEs) in 2025. …
SIGA’s GH¢19.8bn SOE profit claim misleading – Bright SimonsTema Oil Refinery has returned to profitability after ten years, recording a profit before tax of GH¢1.24 billion in 2025, according to Managing Director Edmond Kombat. The refinery also reduced trade and other payables from GH¢7.1 billion to GH¢5 billion in a single year and completed audited accounts for 2019 to 2025.
26 October 2026 · The Ghanaian Times →
Tema Oil Refinery has returned to profitability after ten years, recording a profit before tax of GH¢1.24 billion in 2025, according to Managing Director Edmond Kombat. The refinery also reduced trade and other payables from GH¢7.1 billion to GH¢5 billion in a single year and completed audited accounts for 2019 to 2025.
26 October 2026 · The Ghanaian Times →
Tema Oil Refinery has completed audited financial statements covering 2019 to 2024, ending six consecutive years without completed audited accounts. The refinery submitted seven audited financial reports to the State Interests and Governance Authority, restoring its financial reporting obligations to date.
26 October 2026 · Joy Online →
The Tema Oil Refinery's Managing Director disclosed that when the current management assumed office in May 2025, TOR had accumulated losses of approximately GH¢10 billion and debt of about US$517 million, alongside a negative equity position of GH¢7.6 billion by end-2024. He attributed the deterioration to prolonged operational shutdowns, outstanding statutory obligations, and growing liabilities, noting that key production units had been inactive since 2019–2021 and audited financial statements had not been filed for six years.
26 October 2026 · Joy Online →
Political scientist Dr Kwame Asah-Asante says the NPP's newly elected leadership team, though with some room for improvement in individual positions, brings considerable experience from party and public service. He argues the team has the mix of seasoned politicians and fresh ideas needed to help the party regain power, citing newly elected chairman John Boadu's background in senior government and party roles.
5 October 2026 · Joy Online →
John Boadu has been elected National Chairman of the New Patriotic Party at the party's National delegates Conference in Kumasi, polling 2,888 votes (48.5%). Boadu, who previously served as General Secretary and as Director-General of SIGA, defeated Boakye Agyarko Kyeremanteng who secured 2,408 votes.
5 October 2026 · The Chronicle →
An inspection by the Ghana National Fire Service found that only 5 of 30 fire hydrants in the Ministries enclave in Accra were fully operational, with 23 non-functional and 2 recording low pressure. The Controller and Accountant General's Department had no fire hydrant on its premises.
28 September 2026 · The Chronicle →
President Mahama says listing 10 state-owned enterprises on the Ghana Stock Exchange will strengthen corporate governance, create protection from political interference, and ensure state companies operate with greater accountability and focus on financial performance.
28 September 2026 · Joy Online →
The Greater Accra Regional Fire Command inspected about 30 fire hydrants in the Ministries enclave and found only five fully functional, with two recording low water pressure and 23 non-functional. The inspection, conducted with Ghana Water Limited ahead of the fire season, also found the Controller and Accountant General's Department had no hydrant on its premises.
27 September 2026 · Joy Online →
Ghana's Labour Minister Emmanuel Kwadwo Agyekum has urged State-Owned Enterprise CEOs to contribute to developing a home-grown, sustainable public sector compensation system based on broad consultation, not foreign models. The government is transitioning to a proposed Independent Public Emoluments Commission (IPEC) through stakeholder engagement with the Fair Wages and Salaries Commission.
26 September 2026 · Joy Online →
The Fair Wages and Salaries Commission held a stakeholder meeting with CEOs and officials from more than 100 State-Owned Enterprises to discuss the transition to the Independent Public Emoluments Commission. SOE leaders raised concerns about how the new regime will affect their ability to attract and retain talent and the level of autonomy they will retain.
26 September 2026 · Joy Online →
The Ghana National Fire Service and Ghana Water Limited inspected about 30 fire hydrants in the Ministries enclave and found only five fully operational; 23 were non-functional, raising concerns about water supplies for firefighting emergencies.
26 September 2026 · Joy Online →
Ghana's government has directed the National Food Buffer Stock Company to release 50,000 bags of grain to settle an outstanding obligation to ECOWAS stemming from a 2018 grain borrowing arrangement. The move follows improved domestic agricultural production under the Feed Ghana Programme, with 2025 maize production reaching 4.6 million tonnes against a national demand of 3.6 million tonnes.
26 September 2026 · Joy Online →
The Convention People's Party has called for the protection, revival and proper management of Ghana's state-owned enterprises, citing Dr Kwame Nkrumah's commitment to nationalism and state-led development. The party opposes the government's proposed private-sector participation in the Electricity Company of Ghana, describing it as an attempt to privatise the utility, though the government maintains ownership would remain with the state.
21 September 2026 · Joy Online →
The Institute for Economic Research and Public Policy has cautioned Parliament against passing the National Petroleum Authority Bill 2026 in its current form, arguing that provisions giving the NPA and sector minister greater control could weaken BOST and threaten close to 50% of its 658 staff positions. IERPP cited BOST's strong 2025 performance—with total revenue rising 189% to GH¢3.841bn—as evidence the entity should not be compromised.
16 September 2026 · Joy Online →
President Mahama has told State-Owned Enterprises that the government will no longer continue to absorb their persistent financial losses, demanding improved efficiency, accountability and profitability from boards and management teams. He stressed that leadership positions must be tied to measurable performance and value creation, and that SOE assets belong to the Ghanaian people.
11 September 2026 · Daily Guide →
The IMF has raised concerns about the politicisation of boards and chief executive appointments at Ghana's State-Owned Enterprises, saying boards of major SOEs are largely dominated by political appointees, with board chairs frequently being ministers, MPs, or prominent party officials, which the IMF says departs significantly from OECD guidelines that caution against active politicians serving on SOE boards.
11 September 2026 · Daily Guide →
The Majority Chief Whip has accused the IMF of showing political bias against the NDC government following the Fund's assessment of governance in Ghana's state-owned enterprises, arguing that the IMF criticises NDC administrations over practices also prevalent under NPP rule. The IMF report identified the politicisation of board and chief executive appointments as a major weakness, noting that appointments remain highly political and centralised in the Presidency despite Ghana's framework intended to make them merit-based.
11 September 2026 · Joy Online →
President Mahama has warned that government will no longer absorb persistent financial losses incurred by State-Owned Enterprises, urging their boards and management teams to improve efficiency, accountability and profitability, and that leadership positions must be tied to measurable performance, value creation and profitability.
11 September 2026 · The Chronicle →
An IMF Technical Assistance Report found that 87 percent of contracts under COCOBOD's cocoa roads investment portfolio were directly awarded without competitive tendering, reflecting broader weaknesses in procurement, project costing, and contract management within the state-owned enterprise.
11 September 2026 · Joy Online →
According to an IMF Technical Assistance Report based on the 2024 Auditor-General findings, State-Owned Enterprises accumulated approximately GH¢18.6 billion in financial irregularities, with outstanding debtors and loans accounting for GH¢12.54 billion of the total. The IMF warned that persistent financial weaknesses could increase government's fiscal exposure and called for stronger oversight and governance of SOEs.
11 September 2026 · Joy Online →
President Mahama has cautioned Board Chairs of State-Owned Enterprises to stop meddling in day-to-day operations, emphasizing that boards should focus on strategic direction, policy, and oversight while management handles routine decisions. He stressed that boards govern and management manages, and that a board assuming operational responsibility weakens accountability.
11 September 2026 · Joy Online →
The Ghana Medical Trust Fund is shifting from paying patients' medical bills to addressing structural healthcare gaps, investing in cardiac centres in Kumasi and Tamale, a cancer facility at Korle Bu, and a US$10 million Diagnostic and Imaging Centre at the Greater Accra Regional Hospital. The Fund's strategy, informed by a nationwide healthcare needs assessment, combines financial assistance, medical equipment and infrastructure, specialist training and research into non-communicable diseases.
11 September 2026 · Joy Online →
The International Monetary Fund has identified the politicisation of board and chief executive appointments as a major weakness in Ghana's state-owned enterprises, warning that the practice undermines the independence and professionalism of boards despite established frameworks intended to make appointments merit-based. The IMF cited examples including the Ghana Ports and Harbours Authority, where the board was chaired by the national chairman of the governing party, and the Volta River Authority, which has prominent politicians on its board alongside technocrats, noting these arrangements depart from OECD standards that emphasise independent and professional majorities.
10 September 2026 · Joy Online →
President Mahama commended the Ghana Gold Board for recording a net profit of approximately GH¢896 million (compared with GH¢178.5 million in 2024), attributing the performance to transparent and accountable structures around Ghana's gold trade. He cautioned that the gains must be sustained through stronger core operations and cannot depend indefinitely on favourable business conditions and exchange rate movements.
10 September 2026 · Joy Online →
President Mahama has raised concerns over delays by state-owned enterprises in submitting audited financial statements, with only 61 of 162 entities meeting the April 30 statutory deadline in 2025. Mahama described the compliance gap as unacceptable and stressed that timely audited financial statements are essential for effective oversight and accountability in the management of public resources.
10 September 2026 · Joy Online →
President Mahama has told boards and management of state-owned enterprises that survival is no longer acceptable as success, demanding stronger performance and financial discipline. He reported that five SOEs recorded losses every year from 2021 to 2025, while other state entities recorded an aggregate deficit of $10.48 billion in 2025, up from $2.40 billion in 2024.
10 September 2026 · Joy Online →
President Mahama told Ghana's state-owned enterprises that they must convert financial gains into lasting operational efficiency and demonstrate credible evidence of value created for citizens, stressing that public ownership must produce public value and that persistent losses can no longer be quietly transferred to the national budget.
10 September 2026 · Joy Online →
President Mahama has declared that the government will no longer absorb persistent financial losses from State-Owned Enterprises, and that leadership positions in SOEs must be linked to measurable performance and profitability. He stated that SOE boards and management must improve efficiency and remember that public assets under their control belong to the people of Ghana.
10 September 2026 · Joy Online →
The Director-General of the State Interests and Governance Authority (SIGA) raised concerns over poor compliance with governance requirements among state-owned entities, citing that only 72 of 148 targeted entities signed performance contracts in 2025 and just 71 submitted quarterly reports on time. However, he noted progress in audited account submissions, which increased from 53 in 2024 to 108 in 2025.
10 September 2026 · Joy Online →
IMANI Africa Vice President Bright Simons and State Interests and Governance Authority Director-General Prof. Michael Kpessa-Whyte clashed on JoyNews over SIGA's report on Ghana's state-owned enterprises, with Simons questioning the figures, methodology and conclusions, while Prof. Kpessa-Whyte defended the report's integrity and data.
7 September 2026 · Joy Online →