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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Ghana’s state-owned enterprises (SOEs) recorded a total revenue of GH¢133.68 million in the 2024 financial year, but nearly all of it was absorbed by expenses, the latest State Ownership Report by the State Interests and Governance Authority (SIGA) has revealed.
The 54 SOEs under review posted a combined revenue growth of 28.3 percent, rising from GH¢104.20 billion in 2023 to GH¢133.68 million in 2024.
However, their operating expenses increased almost proportionately, climbing 27.3 percent to GH¢132.11 million.
This left the sector with a slim financial buffer of about GH¢1.6 million.
Source: newsthemegh.com