More than 100 state-owned enterprises, joint ventures and specified public entities failed to meet the April 30 statutory deadline for submitting their 2025 financial statements to the State Interests and Governance Authority (SIGA).
This is raising fresh concerns over compliance and accountability within the public sector.
According to data published on SIGA’s compliance dashboard on May 1, 2026, only 61 out of 175 covered entities submitted their financial statements on time, translating into a compliance rate of roughly 32%.
The figures suggest that more than two-thirds of the institutions required to comply with the reporting obligation failed to meet the deadline.
Several major state institutions, however, successfully submitted their financial statements within the stipulated period.
These included the Bank of Ghana, Electricity Company of Ghana, Ghana Civil Aviation Authority, Ghana Gas, Ghana National Petroleum Corporation, Ghana Gold Board and the Petroleum Hub Development Corporation.
The compliance report further showed that five entities formally requested extensions, while 14 institutions attributed their delays to ongoing audit processes.
However, a significant number of defaulting entities reportedly failed to provide any explanation to SIGA regarding their inability to meet the statutory deadline.
Institutions that had not submitted their financial statements as of May 1 included the Minerals Development Fund, Metro Mass Transit, National Communications Authority, Lands Commission, Ghana Broadcasting Corporation, Youth Employment Agency, District Assemblies Common Fund and the National Road Safety Authority.
The development has renewed scrutiny over financial reporting standards, governance practices and institutional discipline across the public sector, especially at a time Ghana continues efforts to strengthen fiscal transparency and public financial management.
The timely submission of financial statements remains critical for improving oversight, monitoring operational performance and ensuring accountability in the management of public resources.
With over 60% of covered institutions missing the reporting deadline, attention is now likely to shift toward SIGA’s enforcement mechanisms and the broader effectiveness of compliance monitoring within state institutions.
