The Vice President of Ghana, Jane Naana Opoku‑Agyemang, has called for bold and decisive reforms to transform the country’s State-Owned Enterprises (SOEs) into efficient, profitable and development-oriented institutions.
Speaking at a high-level engagement with stakeholders from government, industry and the public sector, the Vice President stressed that SOEs play a critical role in national development and must be repositioned to deliver value for citizens. She noted that many of the country’s state enterprises have significant potential but require structural and managerial reforms to operate more competitively.
According to her, improving governance, transparency and accountability within SOEs is essential to ensuring that these institutions contribute meaningfully to economic growth. She emphasised that strong leadership, clear performance targets and strict financial discipline would be key to revitalising the sector.
Prof. Opoku-Agyemang also highlighted the need to modernise operations across state-owned companies, including the adoption of technology, improved procurement systems and better monitoring frameworks. She explained that such measures would help reduce inefficiencies and curb financial losses that have affected some public enterprises over the years.
The Vice President further underscored the importance of aligning SOEs with Ghana’s broader economic transformation agenda. She said state enterprises should support job creation, industrialisation and infrastructure development while ensuring that they remain financially sustainable.
She encouraged collaboration between government agencies, private sector players and development partners to drive reforms and build capacity within state institutions. According to her, partnerships and innovation will be crucial in ensuring that SOEs adapt to changing economic conditions and global competition.
Prof. Opoku-Agyemang reaffirmed the government’s commitment to implementing reforms that will strengthen oversight and improve performance across the sector. She expressed optimism that with the right policies and leadership, Ghana’s state-owned enterprises can become engines of growth and contribute significantly to national prosperity.
