President John Dramani Mahama has gotten real about the state of Ghana’s state-owned enterprises, and let us just say, he admits things have not exactly been smooth.
Speaking at the swearing-in ceremony of the Presidential Group on the Economy at Jubilee House, Mahama did not sugarcoat it. He described the management of state institutions as “uneven” and sometimes even “haphazard,” making it clear that there’s serious room for improvement.
According to him, weak governance structures, political interference, and poor financial discipline have slowed down institutions that were once strong and reliable.
Mahama pointed out that Cocobod, which has successfully syndicated loans since the early 1990s, has recently struggled to raise sustainable funding. That setback, he said, has seriously affected one of Ghana’s biggest economic backbones.
Still, the President made it clear he was not trying to point fingers.
“These are not points of blame; they are lessons in responsibility,” he said, urging the newly sworn-in economic advisory team to take these challenges seriously as they work toward stabilizing and rebuilding the economy.
