The Ministry of Public Enterprises in Ghana has announced plans to dispose of 17 defunct state-owned enterprises, including the State Construction Company, Bonsa Tyre Factory, and Bolgatanga Meat Factory. These entities have been identified as financial liabilities to the country, causing significant losses to the state.
According to the Minister for Public Enterprises, Joseph Cudjoe, the government has incurred costs in maintaining these defunct entities, with some of them being subject to asset vandalism. The Ministry aims to address this issue by disposing of the entities and potentially listing some of them on stock markets to attract investors for their revival.
Opinion: The decision of the Ghanaian government to dispose of defunct state-owned enterprises is a proactive step towards managing the country’s public enterprises portfolio. By addressing these liabilities, the government can reduce financial losses and potentially attract investors to revive these entities, leading to job creation and economic growth. Listing some of these enterprises on the stock market can provide an opportunity for the public to participate in their revival, contributing to a more transparent and market-driven approach to public enterprises.
