Ghana’s GDP

State Enterprises Increase Contribution To GDP

State Enterprises Increase Contribution To GDP

The contribution of state owned enterprises (SOEs’) to gross domestic product (GDP) has increased from GH¢10 billion in 2020 to GH¢58.27 billion in 2022. The total assets of SOEs captured in the consolidated National Account also increased from GH¢51.8 billion in 2020 to GH¢ 419.2 billion in 2022. The Director-General of the State Interests and Governance Authority (SIGA), Edward Boateng, who made this known, said the improvement was due to the increase in the number of entities complying with financial reporting requirements, among other efforts by SIGA, to make SOEs profitable. Mr Boateng was speaking at an editors’ forum in…
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