More Than 100 State Institutions Miss SIGA Financial Reporting Deadline
More than 100 state-owned enterprises, joint ventures and designated public institutions failed to comply with the April 30 statutory deadline for the submission of their 2025 financial statements to the State Interests and Governance Authority (SIGA), heightening concerns over accountability and regulatory compliance within the public sector.
Data released on SIGA’s compliance dashboard on May 1, 2026, showed that only 61 out of 175 entities submitted their financial statements within the required timeframe, representing a compliance rate of about 32%.
The data indicates that more than two-thirds of the institutions mandated to meet the reporting requirement failed to do so before the deadline.
Nonetheless, a number of key state institutions successfully filed their financial statements on time.
Among the compliant entities were the Bank of Ghana, Electricity Company of Ghana, Ghana Civil Aviation Authority, Ghana Gas, Ghana National Petroleum Corporation, Ghana Gold Board and the Petroleum Hub Development Corporation.
The compliance update also revealed that five institutions officially applied for extensions, while 14 entities cited ongoing audit exercises as the reason for the delay.
A considerable number of institutions that defaulted reportedly did not provide SIGA with any justification for failing to meet the reporting deadline.
Entities that had not submitted their financial statements as of May 1 included the Minerals Development Fund, Metro Mass Transit, National Communications Authority, Lands Commission, Ghana Broadcasting Corporation, Youth Employment Agency, District Assemblies Common Fund and the National Road Safety Authority.
The situation has intensified concerns over financial reporting standards, corporate governance practices and institutional accountability across the public sector, particularly as Ghana pursues reforms aimed at strengthening fiscal transparency and public financial management.
The prompt submission of financial statements remains essential for enhancing oversight, evaluating operational efficiency and promoting accountability in the use of public funds.
With more than 60% of the affected institutions failing to comply with the reporting deadline, focus is expected to turn to SIGA’s enforcement regime and the overall effectiveness of compliance supervision within state institutions.
