President John Dramani Mahama has announced plans to introduce a new bill aimed at safeguarding state assets and strengthening accountability in the management of public resources.

According to the President, the proposed legislation seeks to prevent the misuse, unauthorised sale, and mismanagement of government-owned properties and institutions. The bill is expected to establish clearer guidelines for the acquisition, disposal, and administration of state assets while enhancing oversight mechanisms across public agencies.

President John Dramani Mahama, speaking at the Ghana Civil Society Forum 2026, said Cabinet had approved the initiation of the State Assets Protection Bill.

The proposed legislation is expected to safeguard public property and improve accountability in the management of state resources.

“I’m also happy to announce to you that yesterday, Cabinet took a decision directing the Attorney General to draft a bill for the protection of state assets. It’s called the State Assets Protection Bill. It shows the guidelines under which any state asset can be disposed of, including lands, buildings, state assets, factories, industries, so that no government just capriciously disposes of state assets,” he said.

The proposed legislation is also expected to introduce stricter penalties for individuals found guilty of illegally acquiring, misusing, or causing financial loss to the state through the improper handling of public assets.

The government believes the measure will strengthen public trust in state institutions and contribute to more efficient management of national resources.