President John Dramani Mahama has issued a strong warning to State-Owned Enterprises (SOEs) operating at a loss, stating that they will either be merged, privatized, or shut down as part of broader efforts to improve public sector efficiency and ensure economic sustainability.
Speaking to Chief Executive Officers (CEOs) of SOEs, Mahama emphasized the urgent need for financial discipline and improved performance, making it clear that the government will no longer tolerate inefficiencies that burden the national economy.
“Loss-making SOEs will no longer be tolerated. They will be swiftly reformed—either merged, privatized, or shut down,” he stated.
This firm stance signals a policy shift away from continuous government bailouts and subsidies for struggling enterprises. Instead, the focus will be on making SOEs profitable, competitive, and self-sustaining.
Mahama’s directive sets the stage for greater accountability and a results-driven approach to managing state enterprises, ensuring they contribute meaningfully to national development.
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