President John Dramani Mahama has revealed that only 72 of the 148 State-owned entities expected to sign performance contracts have done so since his administration assumed office.
According to the President, while there have been improvements in the governance and management of some state-owned enterprises and public entities, several institutions have poorly complied with governance and accountability requirements among.
President Mahama identified gaps in the submission of audited financial statements, performance contracts, quarterly reports, annual general meetings and employment data as areas of particular concern.
He made the disclosure on Thursday, September 10, 2026, when he addressed the SIGA Governing Boards and CEOs Conference 2026.
The President cautioned public entities against interpreting recent improvements in governance and management as evidence that all challenges within the sector had been resolved.
“We must not confuse improvement with complete success,” President Mahama said.
He disclosed that only 61 entities submitted their audited financial statements by the statutory deadline of April 30, while a significant number either submitted their accounts late or continued to rely on management and draft accounts.
“Only 61 entities submitted their audited financial statements by the statutory deadline of April 30. A significant number of entities either submitted after the deadline or still relied on management and draft accounts.
“In addition, only 72 of the 148 entities expected to sign performance contracts had done so, and only 71 had submitted quarterly reports, and just 37 of the 177 entities expected to hold annual general meetings or annual stakeholder meetings had complied,” he said.
Employment data submissions also declined, from 142 entities in 2024 to 137 in 2025, he said.
“These compliance gaps are unacceptable,” the President stressed.
He called on boards and chief executives of public entities to take their governance and reporting obligations seriously, insisting that improved accountability and compliance were necessary to strengthen the performance of state institutions.
