Dean of the UPSA Faculty of Accounting and Finance (FAF) Professor Isaac Boadi has called for the privatisation of State-Owned Enterprises (SOEs) in competitive sectors as a strategy to mobilise revenue for Ghana’s economy.
He underscored the important role SOEs play in the economy and the need for strategic, well-thought-out privatisation measures as part of a broader revenue mobilisation plan.
Prof Boadi made the remarks during the 2025 post-budget dialogue organised by the FAF and the Institute of Economic Research and Public Policy (IERPP) on March 14, 2025.
He pointed out that while privatisation could address challenges in sectors that demand high investment and expertise, it should not be applied wholesale across all SOEs.
“Privatisation can rescue SOEs in competitive sectors needing capital and expertise, but it is not a universal fix,” Prof. Boadi warned, urging that each SOE be carefully evaluated before privatisation is considered.
The UPSA-IERPP post-budget dialogue, held on March 14, 2025, brought together experts, policymakers and academics to critically assess the 2025 national budget and its implications for Ghana’s economic development.
The event also provided a platform for the experts to engage in insightful discussions and proposed practical solutions to improve Ghana’s economic outlook.
Director of the Quality Assurance and Chair for event, Prof. Joseph Tuffour advised Ghanaians to manage their expectations regarding economic policies and reforms, stressing the importance of realistic approaches to addressing fiscal challenges.
