Corporate Governance Practices of State-Owned Enterprises in Ghana: An Analysis.

Corporate Governance Practices of State-Owned Enterprises in Ghana: An Analysis.

George Kofi Amoako, Mawusi Kofi Goh

The present paper focuses on the corporate governance practices of the State-Owned Enterprises (SOEs) of Ghana. The three pillars-clear objectives, political insulation, and transparency-are found to be the critical foundations upon which any serious attempt to improve the performance of SOEs in Ghana and developing countries must be based. They reinforce each other and are part of an integrated package. When governments adopt only some of these reforms, such as establishing a clear mandate without sufficient transparency, the results are usually disappointing as can be found in Ghana and most African countries. These reforms may require a tremendous political commitment to implement. However, a system of professional oversight that includes checks and balances is the best recipe for countries in Africa and other emerging markets where privatization is not encouraged.

2015

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English