President John Dramani Mahama has directed all Chief Executive Officers of State-Owned Enterprises (SOEs) to submit their audited financial statements and annual reports by the end of April 2026 or face sanctions.
The President issued the directive on Wednesday, February 4, during an engagement with Ghanaians living in Zambia, stressing the need to restore transparency and accountability across state institutions.
According to President Mahama, several SOEs have failed to meet their statutory reporting obligations for years, a situation he described as unacceptable and detrimental to good governance.
“There are many state-owned enterprises that for seven to eight years have never produced an annual report,” he stated. “Meanwhile, it is obligatory for them to do it.”
He noted that his administration would no longer tolerate such lapses, adding that strict timelines had been established to ensure full compliance from all state entities.
“This year, I said, woe betide any chief executive of a state-owned enterprise who, by the end of April, which is the target date, has not done your audits and presented your annual reports,” President Mahama warned.
Although he did not specify the sanctions awaiting defaulting SOE heads, the President signaled that firm action would be taken against those who fail to comply.
“I won’t say what will happen,” he added, underscoring the seriousness of the directive.
