The Minister for Public Enterprises Joseph Cudjoe, has said that 17 non-operational state-owned enterprises are going to be divested.
These enterprises include the State Construction Company, Bonsa Tyre Factory, and Bolgatanga Meat Factory, among others.
He said this at a press conference in Accra on Wednesday, July 12.
“From our records, we have 17 defunct entities that the government is taking steps to dispose of. The problem now is that the government is just incurring costs to take care of them while others are just vandalizing assets.
“This is a disturbing situation as far as our public enterprises’ portfolio is concerned,” the Minister said.
He added “They are just siphoning money from the government’s purse, and they are just becoming liabilities rather than assets.
“There are some upon review, we intend to list them on the stock market to get the investing public to have equity stakes in them.
“So, it’s like a cleanup of the portfolio so that we can those that are active to be invested to help them grow and generate jobs for the good people of Ghana.”
