Graphic Communications Group Limited, Electricity Company of Ghana and the State Insurance Company are three of the 18 State Owned Enterprises awaiting government’s directive for onward divestment this year. Also on the bill are New Times Corporation, State Housing Company Limited, Ghana Oil Company Limited, Tema Oil Refinery, Ghana National Petroleum Corporation, and Ghana National Petroleum Corporation.
The rest are Ghana Reinsurance Company, Volta Lake Transport Company, GIHOC Distilleries Company Limited, Western Veneer and Lumber Company, National Investment Bank, Atebubu Mechanical Workshop and Ejura Farms Limited.
According to an official at the DIC head office, ten SOE’s are currently listed on the on-going category and could be sold outright. Tender for the most after Ghana Consolidated Diamonds Limited which opened last week, was preceded by confusion.
Ghana Commercial Bank, GIHOC Meat Processing Company, Ghana Sanyo Company Limited, Bolga Catering Rest House, Ghana Food Distribution Corporation and Aboso Glass Factory are billed to go by the end of this year. The rest are Bonsa Tyre Factory in the Western Region, Subri Industrial Plantation Limited and Komenda Sugar Factory.
The Ghana Railways Company Limited, Ghana Publishing Corporation and GIHOC Cannery are among eight other companies available for divestment.
Close to 170 companies have been divested since the establishment of the Divestiture Implementation Committee in 1989. Investment analysts have raised concerns about the sale of these companies. According to them some of the companies are doing well but government intends to sell them despite public outcry.
Graphic Communications Group Limited, Electricity Company of Ghana and the State Insurance Company are three of the 18 State Owned Enterprises awaiting government’s directive for onward divestment this year. Also on the bill are New Times Corporation, State Housing Company Limited, Ghana Oil Company Limited, Tema Oil Refinery, Ghana National Petroleum Corporation, and Ghana National Petroleum Corporation.
The rest are Ghana Reinsurance Company, Volta Lake Transport Company, GIHOC Distilleries Company Limited, Western Veneer and Lumber Company, National Investment Bank, Atebubu Mechanical Workshop and Ejura Farms Limited.
According to an official at the DIC head office, ten SOE’s are currently listed on the on-going category and could be sold outright. Tender for the most after Ghana Consolidated Diamonds Limited which opened last week, was preceded by confusion.
Ghana Commercial Bank, GIHOC Meat Processing Company, Ghana Sanyo Company Limited, Bolga Catering Rest House, Ghana Food Distribution Corporation and Aboso Glass Factory are billed to go by the end of this year. The rest are Bonsa Tyre Factory in the Western Region, Subri Industrial Plantation Limited and Komenda Sugar Factory.
The Ghana Railways Company Limited, Ghana Publishing Corporation and GIHOC Cannery are among eight other companies available for divestment.
Close to 170 companies have been divested since the establishment of the Divestiture Implementation Committee in 1989. Investment analysts have raised concerns about the sale of these companies. According to them some of the companies are doing well but government intends to sell them despite public outcry.
