Seventeen defunct state-owned entities (SOEs) have been identified for divestment as part of efforts to enhance the public enterprises’ portfolio.
This revelation was made during his recent appearance at the minister’s meet the press event in Accra, focusing on the theme “Improving Public Enterprises Portfolio.”
Among the entities slated for disposal are the Aboso Glass Factory, Ghana Food Distribution Corporation, Ghana Food Production Corporation, Bolgatanga Meat Factory, Bonsa Tyres Company Limited, and Ghana Consolidated Diamonds Company Limited.
Although these entities have remained inactive for extended periods, some spanning decades, their assets, including both real estate and movable properties, persist in the public enterprises registry.
Speaking to the press, Joseph Cudjoe, the Minister of Public Enterprises, shared that the ministry is committed to enhancing the public enterprises’ portfolio by divesting these non-operational companies and striking them off the official list.
While the minister refrained from disclosing the names of all seventeen enterprises earmarked for divestiture, he clarified that the comprehensive list had already been presented to Cabinet, and certain names might be subject to removal.
Mr. Cudjoe further emphasized that the government had granted approval for the implementation of the plan, including various necessary processes such as valuation, advertisement, and other procedural requirements essential for the liquidation of the SOEs. He assured that the entire process would be conducted with utmost transparency.