The Ministry of Public Enterprises is set to introduce a league table that will monitor and evaluate the performance of state-owned enterprises (SOEs) across the country.

This initiative is designed to address the recurring issue of financial losses faced by many SOEs over the years.

Speaking at a media briefing in Accra, the Minister of Public Enterprises, Joseph Cudjoe, announced that the league table will enhance competition among these enterprises and spotlight those that are falling behind.

“As soon as you put people in competition to do anything, you get the best out of them. So this innovation I brought about, called the public enterprises league table, puts the enterprises together and ranks them based on governance, management, profitability, and the use of technology and digitalization. The league table will assess these aspects as part of the performance evaluation criteria,” he explained.

Mr Cudjoe further emphasized that the table will reveal which SOEs have shown improvement and which ones are lagging, allowing for targeted strategies to boost their performance.

He revealed that the first publication of this assessment is expected in September.

The minister also urged Ghanaians to be more engaged in the oversight of SOEs, stressing that the performance of these entities directly affects the growth of taxpayers’ investments.

"I am leaving a message to the general public. You and I, our taxes should be managed well. Our taxes get invested in state enterprises. If it reports profits, your taxes invested are growing. If they report losses, it’s not a pleasant outcome. So you should be interested in the companies that are not signing performance contracts and be asking questions. Why are you not signing a performance contract?" Cudjoe stated.

He urged the public to expand their focus beyond well-known entities like the ECG, Cocobod, and PBC, to the full range of 175 SOEs, encouraging more scrutiny and accountability across all sectors.