In order to save expenses, 17 dormant State-Owned Enterprises (SOEs) will have their assets sold, according to Joseph Cudjoe, Minister for Public Enterprises.

He said that the operations for disposal will start in the coming months after the Cabinet authorized the procedures for evaluating the assets of the concerned SOEs.

The Central Stores of the Aboso Glass Factory, the bungalow of the Bolgatanga Meat Factory, the clinic at the Bonsa Tyre Factory, the research facility at Ghana Consolidated Diamonds, the regional office of the Ghana Food Production Corporation at Srodae, and the guesthouse of the State Construction Company on Dagomba Street in the Northern Region are just a few of the SOEs whose assets will be put up for auction.

At the Minister's News Briefing held by the Ministry of Information in Accra on Wednesday, Mr. Cudjoe made this announcement.

The Minister had the chance to inform the public about the different policies and interventions his Ministry had been working on during the media interview.

Since taking office in 2021, Mr. Cudjoe claimed to have visited 44 Boards and Managements of various Specified Entities, communicated with them, and assisted them in finding solutions to some pressing problems affecting their day-to-day operations.

He claimed that the Ministry had set up workshops for some SOE Board and Management members to develop their competence in the areas of corporate governance, financial stewardship, legal and regulatory framework, and public procurements.

The market worth of the State's equity holdings in 63 active Specified Entities as of December 2016 was estimated by a research the Government conducted and finished in 2019 to be GHS 35.7 billion, according to the Minister.

92 percent of the total was made up of SOEs, while the remaining eight percent was made up of State stock in Joint Venture Companies (JVCs), he continued.

The Minister revealed the government's plans to reorganize a number of SOEs through their listing on the Ghana Stock Exchange, liquidation, strategic investment, and outright disposal.

He stated that in 2021 a Public Enterprises League Table (PELT) was launched as a tool for measuring the performances of the Specified Entities and to foster healthy competition among them for enhanced performance as part of measures to promote effective and efficient administration of the SOEs.

The first edition of PELT, which was published in 2022 and greatly sparked public attention, inspired numerous SOEs to strengthen their position on the table in later editions.