Ghana's state owned enterprises held combined assets worth GH¢407.85 billion at the end of December 2025, underscoring their substantial position in the national economy.
President John Dramani Mahama disclosed the figure on Thursday, September 10, during the SIGA Governing Boards and CEOs Conference 2026.
The asset base came with liabilities of about GH¢282 billion. That leaves the SOE portfolio with assets exceeding liabilities by roughly GH¢125.85 billion,, although the aggregate figure does not show the financial strength of individual enterprises.
President Mahama said persistent liabilities and losses within parts of the state portfolio required closer attention from governing boards and supervising institutions.
Other state entities record GH¢41bn shortfall
The financial position was weaker among entities classified outside the core SOE portfolio.
Other state entities held assets valued at approximately GH¢341.6 billion but carried liabilities of GH¢382.75 billion. Their liabilities therefore exceeded their assets by about GH¢41.15 billion.
“This means their liabilities therefore exceeded their assets by more than GH¢41 billion,” President Mahama said.
He added that the entities had recorded an aggregate deficit of GH¢10.48 billion, deepening concerns about their capacity to meet obligations without continued state support.
Boards told to act urgently
Majority venture companies, where the government holds a controlling interest alongside other shareholders, reported assets of GH¢96.69 billion and liabilities of GH¢82.7 billion. Their assets exceeded liabilities by about GH¢13.99 billion.
President Mahama said the figures demanded urgent action from governing boards, sector ministries, the State Interests and Governance Authority and the Ministry of Finance.
“Combined with their aggregate deficit of GH¢10.48 billion, this demands urgent attention from the boards of these enterprises, from the sector ministries, SIGA and the Ministry of Finance.” - President Mahama
The numbers expose an uneven public sector portfolio. Some entities hold considerable value, while others owe more than they own.
The immediate test for SIGA and the boards will be turning that asset base into stronger operations, reliable public services and lower financial risk for taxpayers.
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