State Owned Enterprises

The Head of Communications at the Ministry of Public Enterprises, Paa Kwesi Agyefi, says not all 17 defunct State-Owned-Enterprises (SOEs) will be sold outrightly. He said the Government would have shares in some of the affected companies. “Cabinet is still considering (the options). Some for outright sale, and others may be equity…So, it is not the case that the Government is selling everything to private businesses”, Mr Agyefi told the Ghana News Agency (GNA) in an interview. Mr Agyefi said: “Case by case, it will be determined whether the Government will have shares or sell it outright.” Mr Joseph Cudjoe,…

Financial analyst and Financial Advisory Partner, Deloitte Africa, Yaw Appiah-Lartey has described the government’s plan to delist some 17 State Owned Enterprises (SOEs) as long overdue. Minister for Public Enterprises, Joseph Cudjoe on Wednesday disclosed that the cabinet will soon decide on the fate of some 17 state-owned enterprises. According to the Minister, these State-Owned Enterprises are currently liabilities to the country as the government is only incurring costs by keeping them active. Speaking on the development on Starr Today with Joshua Kodjo Mensah Thursday, the financial analyst stated that although the decision is welcome it is long overdue. “I…