NPP communicator Dennis Miracles Aboagye has said the reported Ghc19 billion profit by State-Owned Enterprises should be used to examine the performance of individual institutions rather than as a single figure showing a general turnaround.

He said SIGA’s previous reports had already recorded profitable SOEs, meaning profitability itself was not a new development.

“Before 2025, this report, the previous report, had 35 SOEs making profit. It is not as if this is the first time these SOEs are making profit,” he said on JoyNews.

Aboagye believes the more useful discussion would be to compare each institution’s performance with previous years and identify what it has done differently.

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

He said focusing on the combined figure instead had brought attention to institutions without giving the public enough detail about what was behind their results.

“But you quickly brought everybody into the microphone and the lenses on everyone now,” he said.

Aboagye said this approach also makes it difficult to determine which institutions genuinely improved and which may simply have recorded profits or surpluses for reasons that require further examination.

His comments come amid public discussion over SIGA’s latest report on the financial performance of Ghana’s state-owned enterprises, with the GH¢19 billion figure being presented as a major improvement in the sector.

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