A business leader and brand expert, Elorm K. Foli, has stated the importance of transparency, accountability, and meritocracy in ensuring the success and profitability of State-Owned Enterprises (SOEs).

Speaking as a panel member at the 13th Ghana Economic Forum (GEF) in Accra on August 8, the CEO of E.K Brand Consult, highlighted the critical role SOEs play in national development, noting their integral contribution to economic growth.

The panel, focused on the subtheme “The Future of State-Owned Enterprises: Catalyst for National Development,” brought together experts from financial technology, accounting, finance, administration, and law, all of whom contributed to a robust discussion on strategies to enhance SOE performance.

Mr. Foli asserted that for SOEs to have a positive impact and thrive, accountability and meritocracy must be at the forefront of their operational strategies.

Given the current challenges many SOEs face, particularly in terms of profitability, he urged for a significant shift in their operations, advocating for sustainable strategies to ensure their continued relevance.

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