This is a summarized article of that which was published in the Third Edition of the national insolvency journal, Corporate Insolvency and Restructuring Journal.
1. Introduction
On March 3, 2025, during the National Economic Dialogue (NED), the Minister for Finance, Dr. Cassiel Ato Forson, expressed concern about the severe operational and financial difficulties facing Ghana’s state-owned enterprises (SOEs) and joint venture companies (JVCs), cautioning that immediate reforms are required to stop further economic decline.
According to him, a greater number of SOEs and JVCs, spanning critical sectors such as energy and agriculture, have been identified for restructuring as the government seeks to curb fiscal risks and improve…