Akufo-Addo orders SOEs to submit audited finances by May 2024

President Nana Addo Dankwa Akufo-Addo has ordered all state-owned enterprises (SOEs) to submit their audited financial statements for the year 2023 by May 2024.

Speaking at the launch of a policy on corporate governance, President Akufo-Addo urged all SOEs to submit their audited accounts by 15th May this year.

He stated that not complying with this deadline would negatively impact financing arrangements with the World Bank.

The Public Finance Management Act mandates the submission of audited financial statements of specified entities by the end of April each year.

“Failure to achieve this target will affect adversely the terms of our financing arrangements with the World Bank

Key among them is non-compliance for public entities to the submission of financial statements

All board chairs, entities and management teams are hereby instructed to comply fully with the submission requirements from SIGA.  The Public Finance Management Act mandates the submission of audited financial statements of specified entities by the end of April each year.”