President John Mahama has directed heads of State-Owned Enterprises (SOEs) to reform, merge, privatize, or shut down struggling entities.

Speaking at a SIGA engagement on Thursday, he warned that financial losses would no longer be tolerated.

The directive follows Finance Minister Dr. Ato Forson’s revelation that many SOEs are financially distressed and unprofitable.

Mahama emphasized the need for accountability and efficiency in managing state resources.