According to Joseph Cudjoe, the Minister of Public Enterprises, the government is developing a strategy to ensure that several lucrative State-Owned Enterprises (SOEs) are listed on the Ghana Stock Exchange for the first time.
He claims that an equity study is now being conducted, and that its implementation will result in government action to enlist a strategic investor to help some SOEs remain viable.
According to Joseph Cudjoe, “this study would establish which SOEs are necessary to be put on the stock market to enable Ghanaians to take ownership role in the firms.” Cudjoe made this statement in an interview with GhanaWeb Business.
“…Also, this study will determine SOEs that will need to be disposed of completely because their market potential may not exist or the private sector can better handle them, or for any other reason that their assets or enterprises as a whole should be disposed of off to enable private sector manage them efficiently,” he told GhanaWeb Business.
The minister further added that the Equity Study has been granted expression along with ongoing work ongoing a cabinet memo for the asset disposal policy.
“So far, we have gone to cabinet for a start and it has directed that we provide more comprehensive information on the Equity Study and the implementation of the assent disposal policy,” Joseph Cudjoe said.
To ensure SOEs remain profitable and efficient, the minister said the State Interests and Governance Authority (SIGA) is handling the rollout of the Performance Management Framework.
He said the document is currently undergoing stakeholder review in order to make it efficient for use.