Alexander Abban, the former New Patriotic Party (NPP) MP, has questioned State Interests and Governance Authority’s (SIGA) over the reported profit-making position of the Ghana Education Trust Fund (GETFund).
The former MP argued that GETFund was established to channel education-related taxes and levies into improving the country’s education system, not to operate as a profit-making company.
He argued that claims that GETFund had made profits raised questions about how the institution was measuring its performance.
Speaking on The Forum on Asaase Radio, Alexander Abban stated, “One of the institutions is GETFund. Was GETFund established to make profits?” Abban asked.
“So, if a company like that come to say they have made profits, it means they were jokers. Because GETFund, you are there to receive our taxes and levies that are brought to you, to use and improve our educational system.”
“Because I was a student leader when we pressed for GETFund to be established,” he said.
“And so if you are to receive such monies and you come and declare profit, then what items did you sell to come and declare profit? They are jokers, and they must be sacked. They should give us a break.”
“The mere fact that your books show a positive cash position does not necessarily mean that you’ve acted to your optimum,” he said.
He further called for SIGA to help insulate state-owned enterprises from political manipulation by ensuring that appointments are based on professional competence.
“Unless, of course, with the coming in of SIGA we are going to insulate it from political manipulations in such a way that we would be able to look for men and women who have the competences in their various fields that would be required by the various companies,” he said.
His comment comes on the back of the State Interests and Governance Authority (SIGA) announcing that Ghana’s state-owned enterprises (SOEs) recorded a consolidated net profit after tax of GH¢19.80 billion in the 2025 financial year.
According to SIGA, the GH¢19.80 billion profit ends the four consecutive years of net losses.
SIGA disclosed that the turnaround represents a significant improvement from the GH¢2.25 billion net loss posted in 2024, as total SOE revenue increased by 28.12 per cent from GH¢137.64 billion to GH¢176.43 billion.
SIGA, in a release on Sunday, August 30, 2026, made these figures known, which marks the tenth edition of Ghana’s flagship assessment of specified entities and the fifth published by SIGA.
However, policy analysts note that SOEs’ headline profits rely heavily on accounting and macroeconomic factors like FX revaluations rather than core operations.
Meanwhile, Manasseh Azure Awuni, an Investigative journalist, has called out the State Interests and Governance Authority (SIGA) after they announced that Ghana’s state-owned enterprises (SOEs) recorded a consolidated net profit after tax of GH¢19.80 billion in the 2025 financial year.
He questioned the credibility of SIGA’s 2025 State Ownership Report, calling some SOE “by force” profits illogical and urging clarification on suspicious details.
According to Manasseh Azure, SIGA must come clear with more details about the “by force”.
In a post on X, Manasseh Azure stated, “SIGA, please, come clear. Details of some of the SOEs’ ‘by force’ profit don’t make sense”.
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