President John Dramani Mahama has issued a stern warning to boards and management of State-Owned Enterprises (SOEs), cautioning them against using public funds to finance personal benefits while taxpayers carry the burden.

Speaking at the 2026 Governing Boards and CEOs Conference organised by the State Interests and Governance Authority (SIGA) on Thursday, September 10, 2026, President Mahama said profits generated by state enterprises must ultimately serve the Ghanaian people.

‘Don’t use public money for creature comforts’

President Mahama was blunt in his warning, telling SOE leaders that profits belonging to the state should not be diverted into perks and personal comforts for management and board members.

He stressed that profitable enterprises have a responsibility to meet their dividend obligations to the state because returns on public investments belong to Ghanaians.

SOEs move from GH¢2.26bn loss to GH¢19.8bn profit

The President acknowledged a significant improvement in the overall financial performance of SOEs.

According to figures presented at the conference, the sector moved from an aggregate net loss of GH¢2.26 billion in 2024 to a net profit of GH¢19.8 billion in 2025.

Combined revenue also rose from GH¢137.71 billion to GH¢176.43 billion over the same period.

However, Mahama cautioned that the improvement should not automatically be interpreted as evidence of stronger underlying operations.

He noted that about GH¢11.72 billion in net foreign exchange gains and a 42.5% reduction in aggregate finance costs contributed significantly to the improved results.

‘A one-year turnaround is not enough’

President Mahama said the real test for SOEs would be whether they could sustain the gains beyond a single year.

“A one-year turnaround is encouraging, but sustained performance is the real test,” he said.

He warned that boards and management teams would be assessed against defined financial, operational, governance and development targets.

Persistent underperformance, he added, could lead to corrective measures and, where necessary, leadership changes.

‘A board is not a ceremonial position’

The President also challenged board members to take their responsibilities seriously, stressing that their appointments were not merely ceremonial.

He said boards are responsible for strategic direction, policy, risk oversight, financial reporting and institutional performance.

At the same time, he warned boards against interfering excessively in the day-to-day operations of their institutions, stressing the distinction between governance and management.

“Boards govern and management manages,” he said.

Performance must determine pay

Mahama further argued that executive compensation in public enterprises should be tied to performance.

He said high-performing enterprises and their leaders should be appropriately rewarded, but questioned the justification for continually increasing salaries and allowances in chronically loss-making entities.

The President also highlighted the proposed Independent Public Emoluments Commission (IPEC), which is expected to strengthen consistency and transparency in public-sector remuneration and link compensation more closely to institutional performance.

‘Public ownership must produce public value’

President Mahama noted that despite the overall improvement, some SOEs continued to struggle, with five entities recording losses in every year between 2021 and 2025.

He therefore directed boards to scrutinise major expenditures and determine whether they were necessary, economical and consistent with their institutional mandates.

The President reminded SOE leaders that state assets do not belong to individual governments, boards or chief executives.

They belong to the Ghanaian people.

His message to board chairpersons, members and chief executives was therefore clear: the public expects measurable value from the assets entrusted to them.

As the government pushes for greater efficiency and accountability across the SOE sector, President Mahama’s warning signals that public resources must translate into public value — not private perks.

The Tema Regional Police Command has arrested two persons and seized 692 parcels of suspected Indian hemp during a snap-check operation at Dawhenya in the Prampram Division.

The suspects have been identified as Godwin Asigeh and Freeman Amedoku.

According to a press release issued by the Tema Regional Police Headquarters’ Public Affairs Unit and signed by ASP Dede Dzakpasu, Head of Public Affairs, the arrest was made in the early hours of Tuesday, September 8, 2026.

Police said officers intercepted an Accra-bound Ford Transit vehicle with registration number GT 6140-22 at about 12:45 a.m.

The vehicle was being driven by Godwin Asigeh, with Freeman Amedoku serving as his assistant.

A search conducted on the vehicle led to the discovery of 692 parcels of a substance suspected to be Indian hemp, wrapped in yellow polythene bags.

Following the discovery, the two suspects, together with the vehicle and the suspected narcotic substance, were conveyed to the Devtraco Police Station for further action.

The police said the suspected substance has been retained as an exhibit, while the Ford Transit vehicle has been impounded.

Both suspects remain in police custody as investigations continue.

The Tema Regional Police Command commended the officers who carried out the operation and assured the public that it would intensify efforts to prevent the trafficking and distribution of narcotic substances in the region.

President John Dramani Mahama has commended the Ghana Gold Board (GoldBod) for its strong financial performance, describing the results as deserving of recognition while cautioning that the institution must sustain its gains through stronger core operations.

Speaking at the 2026 Governing Boards and Chief Executive Officers’ Conference organised by the State Interests and Governance Authority (SIGA), President Mahama highlighted GoldBod’s significant improvement in profitability.

According to the President, GoldBod recorded a net profit of approximately US$896.5 million, compared with US$178.5 million in 2024, representing a remarkable turnaround in the institution’s financial performance.

He said the results demonstrated the strategic importance of establishing transparent, accountable and nationally beneficial structures around Ghana’s gold trade.

“This performance reflects the strategic importance of building transparent, accountable and nationally beneficial structures around Ghana’s gold trade,” President Mahama said.

He noted that the financial results deserved commendation, given the substantial increase in GoldBod’s profitability.

“These results deserve commendation,” he stated.

However, President Mahama stressed that the positive performance must be maintained over the long term and should not be dependent solely on favourable external conditions.

He cautioned that GoldBod must strengthen its core operations to ensure that its financial success remains sustainable, rather than relying indefinitely on improvements in the business environment or movements in the exchange rate.

“They must, however, be sustained through stronger core operations and cannot depend indefinitely on just a better business environment and the exchange rate movements,” the President said.

President Mahama added that while the one-year financial turnaround was encouraging, the real measure of GoldBod’s success would be its ability to maintain and build upon the performance in the years ahead.

“A one-year turnaround is encouraging, but sustained performance is the real test,” he emphasised.

The President’s comments refocus attention on GoldBod’s role in Ghana’s gold sector and the need for strong governance, transparency, and operational efficiency to ensure the country derives lasting national benefits from its gold resources.

Britain is expanding its dependence on Elon Musk’s SpaceX for secure satellite communications, with government spending on the company’s Starlink and military-focused Starshield services approaching $40 million.

The United Kingdom has become the first country outside the United States to publicly adopt SpaceX’s encrypted Starshield satellite service, highlighting the growing role of private space companies in national security and military communications. 

Figures disclosed by the UK Ministry of Defence show that Britain has acquired about 1,000 Starshield terminals alongside roughly 500 consumer-oriented Starlink terminals. Spending has reached approximately £13 million ($17.6 million) on Starshield and £16.5 million on Starlink, bringing the combined expenditure close to $40 million. 

From Starlink to military-grade connectivity

Britain first adopted Starlink in 2022, using SpaceX’s satellite network to provide communications capabilities. The government began shifting toward Starshield in 2024 as military requirements for more secure and resilient connectivity increased.

While Starlink is primarily designed for civilian broadband customers, Starshield is tailored toward government and defence users. It uses SpaceX’s broader satellite infrastructure but incorporates dedicated hardware, ground systems and enhanced security features designed for sensitive communications. 

The costs are considerably higher. UK plans for Starshield reportedly range from around £5,500 to £25,000 per month, depending on the service package and requirements.

Security benefits come with strategic concerns

The growing relationship with SpaceX reflects a wider transformation in modern warfare, where satellite communications have become critical to military operations, intelligence gathering and battlefield coordination.

For Britain, access to a large and established satellite constellation offers an immediate capability that would be difficult and expensive to build independently.

However, the arrangement also raises questions about strategic dependence on a U.S.-based private company at a time when European governments are increasingly calling for greater technological sovereignty.

SpaceX has already secured more than $6 billion in U.S. government contracts for Starshield, underscoring the company’s growing importance to Western defence infrastructure. 

Europe seeks alternatives

Britain’s growing use of SpaceX comes as European governments debate how to reduce their dependence on American space and communications technology.

The European Union is developing IRIS², a secure satellite communications constellation intended to strengthen Europe’s independent capabilities. The system is not expected to be fully deployed until around 2030, leaving European governments reliant on existing commercial and allied systems in the meantime. 

At a space summit in Paris this week, European leaders and industry representatives have placed renewed emphasis on developing stronger domestic launch, satellite and communications capabilities.

The pressure is partly driven by recent conflicts, which have demonstrated how important space-based communications and intelligence have become to national security. 

Britain tries to build its own space capabilities

The UK government is simultaneously investing in domestic alternatives. In July, Britain announced more than £62 million for homegrown satellite communications and other space technologies, including £42 million for new satellite communications projects.

The government has also emphasized the importance of strengthening Britain’s ability to protect its own satellites and maintain access to critical space-based services.

That creates a delicate balance: Britain is investing in sovereign space capabilities while increasing its use of one of the world’s most powerful private satellite networks.

A growing role for SpaceX in Western defence

The UK’s Starshield adoption demonstrates how quickly commercial space technology is moving into the defence sector.

SpaceX’s ability to deploy large numbers of satellites, maintain a global network and provide relatively rapid access to communications has made its technology increasingly attractive to governments.

But Britain’s experience also illustrates the strategic dilemma facing Western nations. Commercial satellite networks can provide capabilities much faster than governments can build their own systems, yet relying heavily on a private foreign company can create vulnerabilities if political, regulatory or security relationships change.

For now, London appears willing to accept that trade-off as it strengthens its military communications capabilities.

The deeper question is whether Britain’s growing relationship with SpaceX represents a temporary bridge while domestic and European alternatives develop—or the beginning of a long-term dependence on Musk’s satellite empire.

 Member of Parliament for Amenfi Central, Hon. Joana Gyan Cudjoe, is set to intensify efforts to eliminate the practice of children studying under trees in the constituency with the imminent commissioning of an ultra-modern six-unit classroom block.

The facility is expected to serve as a model for similar educational infrastructure projects across Amenfi Central as the MP pursues her broader objective of ensuring that children in the constituency have access to safe, dignified and quality learning environments.

The project forms part of Hon. Gyan Cudjoe’s wider Schools Under Trees Project, an initiative through which she secured a partnership with a cooperative non-governmental organisation (NGO) to provide modern school infrastructure to communities where pupils currently learn under trees or in temporary structures.

The initiative is aimed at addressing longstanding infrastructure challenges affecting schools in underserved communities and improving the conditions under which both teachers and pupils operate.

Beyond the soon-to-be-commissioned facility, the MP has also undertaken and supported several other education infrastructure projects within the constituency.

These include the completion of classroom blocks at Wuratrem DA Primary School and Ankasie DA Primary School, as well as the construction of a new primary school at Kramokrom.

Additional classroom block projects are also ongoing at Bantoma, Agona Camp and Sompre, forming part of efforts to expand access to adequate educational facilities across Amenfi Central.

Ahead of the commissioning, Hon. Joana Gyan Cudjoe reiterated her commitment to education, describing it as a fundamental pillar of her development agenda for the constituency.

“Our vision is to transform communities, improve living standards, and create opportunities for sustainable development,” she said, stressing that no child should be left to learn under a tree.

According to the MP, the new ultra-modern six-unit classroom block will be equipped with ancillary facilities intended to provide a more conducive environment for teaching and learning.

She further indicated that the model would be replicated in other underserved communities where inadequate school infrastructure continues to affect pupils and teachers.

The development has attracted positive reactions from constituents and education stakeholders, who have welcomed the intervention as a timely response to the infrastructure challenges facing some schools in the constituency.

They believe improved classroom facilities could contribute to increased school enrollment, better academic outcomes and improved working conditions for teachers, while also restoring a sense of dignity to pupils who have had to study in difficult environments.

The commissioning date for the ultra-modern six-unit classroom block is expected to be announced in the coming days.