Tag: SOEs
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SIGA awaits cabinet approval on listing of SOEs on GSE
Director-General of the State Interests and Governance Authority (SIGA) Amb. Edward Boateng has disclosed that his outfit is awaiting approval from Cabinet on the listing of selected state-owned enterprises (SOEs) to raise capital from the Ghana Stock Exchange, GSE. As part of efforts to make SOEs profitable and attractive to investors, SIGA last year set…
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Offload non-performing SOEs to private sector — Dr Sam Ankrah
The time has come for the government to offload non-performing State-Owned Enterprises (SOEs) which continue to be a drain on state coffers or are consistently unable to pay dividends, a Development Economist, Dr Sam Ankrah, has proposed. He mentioned for instance the Tema Oil Refinery (TOR), State Housing Company among many others which had to…
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Government urged to minimize interference in decision making activities of SOEs
Senior Partner at AB & David, David Ofosu-Dorte says privatization of State Owned Enterprises (SOEs) is not the only way to ensure they consistently churn out profit and help in the growth of Ghana’s economy. According to him, in spite of the high proceeds, the net direct revenue from privatization has been relatively modest, due…
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SOEs record ¢2.61 billion loss in 2020 – Report
Latest data from the 2020 State Ownership Report reveals that State Owned Enterprises (SOEs) recorded an aggregate loss of ¢2.61 billion in 2020. This represents nearly 50% improvement over the 2019 aggregate loss of ¢5.16 billion. Despite the progress made, the 2020 Report which is based on 132 SEs in total (47 SOEs, 17 JVCs,…
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Public Enterprises Minister must prioritize profitability of SOEs – Economist
President Nana Addo Dankwa Akufo-Addo on January 21, 2021, submitted the list of proposed Ministers of his new government to the Speaker of Parliament for approval. Among the new nominees is Joseph Cudjoe, a former Deputy Minister of Energy, who has been put forward as Minister for Public Enterprises, and is expected to oversee the…
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IMF backs new revenue plans in midyear budget review
The International Monetary Fund (IMF) has urged that the government’s midyear budget review focuses on how the government intends to cater for the shortfall in revenue targets for the year. In what seems to be the Fund’s prior knowledge of the focus of the presentation next month, it has welcomed the government’s decision and says…