The Centre for Environmental Management and Sustainable Energy (CEMSE) has called on the State Interests and Governance Authority (SIGA) to enforce the publication of audited financial statements by state-owned enterprises in Ghana’s energy and petroleum sectors.
Speaking in Accra on 16 July, CEMSE Executive Director Benjamin Nsiah said the continued absence of financial reports was affecting transparency and accountability across the sector.
Nsiah said more than 90 per cent of state-owned entities in the power and petroleum industries had not published their financial reports, although Ghana is already in the second half of 2026. He said the Petroleum Hub Development Corporation was among the few institutions that had published its statements.
He argued that the outstanding reports for the 2025 financial year were needed to assess the financial performance of the entities and to inform reforms intended to support the sustainability of the sector.
According to Nsiah, the publication of audited accounts should not be selective. He urged SIGA to use its oversight role to ensure that all relevant state entities meet their financial reporting obligations.
CEMSE said regular publication of audited financial statements is central to good corporate governance, allowing the public and policymakers to monitor financial health, operational performance and accountability in the energy sector.
