The Head of Communications at the Ministry of Public Enterprises, Paa Kwesi Agyefi, has stated that not all 17 defunct State-Owned Enterprises (SOEs) will be sold outright.

He explained that the Government intends to retain shares in some of the affected companies instead.

In an interview with the media, Mr. Agyefi stated that the options are still under consideration by the Cabinet.

While some of the enterprises will be sold outrightly, others may have the Government maintain equity in them. He emphasized that the Government is not planning to sell everything to private businesses.

The Minister for Public Enterprises, Mr. Joseph Cudjoe, had previously expressed the Ministry's determination to divest 17 non-operational State-Owned Enterprises.

Among the affected assets are the Central Stores of the Aboso Glass Factory, the Bolgatanga Meat Factory's bungalow, the Clinic of the Bonsa Tyre Factory, the Research Laboratory of the Ghana Consolidated Diamonds, the regional office of the Ghana Food Production Corporation at Srodae, and the guesthouse of the State Construction Company at Dagomba Street in the Northern Region.

The decision to divest these assets comes as a response to the need to cut costs, given that the facilities have been non-operational for an extended period and have deteriorated.

Additionally, the Government has been incurring significant expenses to maintain these facilities, while some individuals, possibly workers, have been misappropriating them.

As such, each case will be carefully assessed to determine whether the Government will retain shares or opt for outright sale.