From 27th to 28th March 2025, the State Interests and Governance Authority (SIGA) convened a series of meetings with Chief Executive Officers and Finance Directors of Specified Entities (SEs) to reinforce the importance of submitting their 2024 Audited Financial Statements in a timely manner. The meetings formed part of SIGA’s ongoing efforts to enhance financial accountability, promote transparency, and ensure compliance with statutory reporting requirements across the public enterprise sector.
The sessions were led by the Director-General of SIGA, Professor Michael Kpessa-Whyte, who emphasized that adherence to financial reporting timelines is a critical component of good corporate governance. He issued a strong reminder that delays or failures in submitting audited financial statements would not be tolerated, as such actions undermine public trust, compromise oversight, and weaken national efforts to ensure fiscal discipline within SEs.
The engagement followed an earlier high-level session held on 13th March 2025, during which H.E. John Dramani Mahama reiterated the Government’s expectations regarding improved financial stewardship within Specified Entities. At that session, a firm deadline of 30th April 2025 was communicated for the submission of 2024 Audited Financial Statements.
To underscore the significance of this directive and ensure cross-institutional coordination, key representatives from relevant oversight institutions participated in the March 27–28 meetings. These included officials from the Office of the Auditor-General, the Controller and Accountant-General’s Department, and the Internal Audit Agency. Their presence served to reaffirm the collective commitment of oversight bodies to upholding financial integrity within the sector. The Deputy Chief of Staff also joined the engagement, underscoring the high-level interest in enforcing accountability measures across all SEs.
Through these meetings, SIGA seeks not only to improve compliance rates but also to build a culture of responsible financial management among Specified Entities, in line with national development objectives and international best practices.
