{"id":111667,"date":"2025-09-03T14:21:10","date_gmt":"2025-09-03T14:21:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/111667\/"},"modified":"2025-09-03T14:21:10","modified_gmt":"2025-09-03T14:21:10","slug":"soes-in-financial-and-allied-services-lead-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/111667\/","title":{"rendered":"SOEs in financial and allied services lead growth"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/SOEs-in-financial-and-allied-services-lead-growth-SIGA-report-1998983?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/68328381.295.jpg\" alt=\"The robust performance contributed to the overall operational recovery of the SOE sector\" title=\"The robust performance contributed to the overall operational recovery of the SOE sector\" width=\"295\" height=\"184\" \/> <\/a>The robust performance contributed to the overall operational recovery of the SOE sector<\/p>\n<p id=\"article-123\">State-Owned Enterprises (SOEs) in the Financial and Allied Services sector have been identified as the top performers in revenue growth for the 2024 fiscal year.  <\/p>\n<p>This was disclosed in the newly released State Ownership Report (SOR) from the State Interests and Governance Authority (SIGA).  <\/p>\n<p>The report, a critical resource for policymakers and the public, provides a comprehensive analysis of the financial and operational performance of Ghana\u2019s Specified Entities (SEs).  <\/p>\n<p>While the overall SOE sector recorded a significant 28.30 percent revenue increase to GH\u00a2133.68 billion, the Financial and Allied Services sub-sector grew by 49.52 percent.   <\/p>\n<p>The energy sector followed with an improved revenue growth of 38.98 percent for the year 2024.   <\/p>\n<p>This robust performance contributed to the overall operational recovery of the SOE sector, which saw a Profit Before Interest and Tax (PBIT) rebound to GH\u00a21.57 billion in FY2024.   <\/p>\n<p>This marks a turnaround from the GH\u00a29.62 billion loss recorded in 2022.  <\/p>\n<p>However, the report highlighted a persistent challenge of a deepened net loss of GH\u00a29.67 billion for the sector as a whole.   <\/p>\n<p>This was primarily attributed to excessive finance costs, which amounted to GH\u00a29.39 billion, effectively eroding all operational profits.<\/p>\n","protected":false},"excerpt":{"rendered":"The robust performance contributed to the overall operational recovery of the SOE sector State-Owned Enterprises (SOEs) in the&hellip;\n","protected":false},"author":2,"featured_media":111668,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-111667","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/111667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=111667"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/111667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/111668"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=111667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=111667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=111667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}