Dennis Miracles Aboagye, an aide to New Patriotic Party (NPP) flagbearer Dr Mahamudu Bawumia, has criticised the government’s communication of the latest State Interests and Governance Authority (SIGA) report, arguing that attempts to portray the performance of state‑owned enterprises (SOEs) as a “historic turnaround” created the controversy now surrounding the figures.

In a post shared on his X page on September 6, 2026, Aboagye said the problem was not simply the reported performance of the SOEs but the manner in which the government chose to sell the results to the public.

According to him, SOEs have historically struggled with structural and operational challenges, making it necessary for governments to focus on sustained improvements rather than present a single year’s figures as evidence of a dramatic transformation.

He said the government’s decision to promote the reported GH¢19.8 billion profit as a “miracle” performance was what triggered public scrutiny and backlash.

“The only reason why the public is discussing in the current context is simply because the government attempted a spin on the report,” he said.

“The government attempted to create an impression of a certain miracle performance of SOEs, historic one that deserved some special commendation. That is where their problems started.”

He argued that the government should have allowed the individual performances of the companies to speak for themselves rather than building a broad political narrative around the aggregate figure.

Miracles Aboagye further noted that the profitability of SOEs was not a new development, pointing to the previous SIGA report which recorded 35 profitable SOEs in 2024.

“How do you call 34 SOEs posting profit as historic when the year prior had 35 SOEs posting profit?” he questioned.

For him, the more important question is whether the reported profits demonstrate lasting improvements in the way the state-owned companies operate.

He said a genuinely historic turnaround should be reflected in areas such as increased production, greater efficiency, job creation and stronger underlying commercial performance.

“It's no extraordinary performance for a state-owned enterprise. The proper analysis is for you to show how these macroeconomic improvements led to the improvement in your operations, more production, more employment, and as a result of the increased production, you posted profit. That is when we can call it a historic and miracle turnaround,” he stated.

Aboagye also challenged the government's communication strategy, arguing that the headline figure encouraged the public to interpret the reported profit as evidence of improved management and operational efficiency.

He said this was where the government's public relations strategy went wrong.


“What we would have done now is that we would have gone into the organisations one by one, and now begin to ask, ‘Oh, what have you done differently? This is amazing. What are the issues?’” he said.

He further criticised what he described as the government's attempt to celebrate figures that, in his view, do not necessarily demonstrate operational efficiency.

He argued that the communication should have been more measured and transparent, particularly because the public has become increasingly interested in how SOEs generate their reported profits.

“Government needs to learn to be a bit more honest with its communications, focus on the facts, reduce the spin and propaganda,” he said.

Don't lump all SOEs together, assess them one by one – Miracles Aboagye

Aboagye placed the responsibility for the controversy on the government's own communication strategy.

“You caused your PR mess; stop blaming anyone,” he said.

He maintained that the reported performance could be described as respectable, but insisted that presenting it as a historic or miraculous turnaround was an unnecessary PR gamble that invited scrutiny and ultimately weakened the government's message.

“The consistent facade, PR gimmick, is gradually beginning to fall,” he added.

His comments follow the 2025 SIGA report indicating that state-owned enterprises recorded a consolidated net profit of GH¢19.8 billion, compared with a loss of about GH¢2.25 billion in 2024.

See the post below:

The NDC entangled themselves in this False Miracle SOE performance and then they go to town screaming at us.

Now here is the issue: everyone admits our state-owned enterprises have always been struggling, and government after government works to improve their performance.

In… pic.twitter.com/9kMjUktI3D

— Dennis Edward Aboagye (@DennisMiracles) September 6, 2026