Mahama to SOE CEOs: Deliver on reset agenda or step aside

President John Dramani Mahama has issued a stern warning to Chief Executive Officers (CEOs) of state-owned enterprises (SOEs), stating that only those willing to align with his administration’s "reset agenda" will retain their positions.

Speaking at a meeting with SOE heads under the State Interests and Governance Authority (SIGA) on March 13, Mahama made it clear that underperforming executives must either improve or step aside.

“If you are not matching the pace of the reset agenda, you might be asked to step aside,” he declared. “We expect something completely different from you. Your performance will determine whether you continue in your roles when we review progress in 2026.”

The President stressed the urgent need for efficiency, accountability, and profitability within state enterprises, condemning years of mismanagement and financial waste. He insisted that the era of impunity and mediocrity in SOEs must come to an end.

Mahama also announced stricter performance measures for SOE leadership, stating that CEOs will be required to submit audited financial statements annually. Non-compliance, he warned, could result in severe penalties, including dismissal.

“The Ghanaian people deserve better and will not accept mediocrity,” he stated. “If you are not prepared to be part of the reset, now is the time to walk out.”

He highlighted key actions already undertaken within the administration’s first 120 days, including the formation of a lean government, the swift confirmation of cabinet ministers within 14 days, and the introduction of a strict code of conduct for public officials.