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President John Dramani Mahama has directed all Chief Executive Officers of State-Owned Enterprises (SOEs) to submit their audited accounts and annual reports by the end of April 2026, warning of consequences for those who fail to comply.
The President made this known while addressing Ghanaians living in Zambia during an engagement on Wednesday, February 4.
According to President Mahama, several state-owned enterprises have neglected their statutory obligations for years, undermining transparency and accountability in the public sector.
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“There are many state-owned enterprises that for seven to eight years have never produced an annual report,” he said. “Meanwhile, it is obligatory for them to do it.”
He stressed that the current situation was unacceptable and would no longer be tolerated under his administration. President Mahama noted that clear timelines had been set to ensure compliance.
“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,” he warned.
Although the President did not spell out the specific sanctions, his remarks suggested firm action against defaulting heads of state institutions.
“I won’t say what will happen,” he added, reinforcing the seriousness of the directive.
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