|
|
DIVESTITURE OF STATE-OWNED
ENTERPRISES FOR THE PERIOD 1989 TO 2003 |
|
| LIST
OF DIVESTED SOEs IN 1994 |
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|
|
|
|
ENTERPRISE |
MODE |
NAME
OF INVESTOR |
PURCHASE
PRICE |
AMOUNT
PAID |
BALANCE |
REMARKS |
|
|
|
|
| 1. |
Umarco |
Sale of Shares |
Existing Shareholders |
¢52,500,000.00 |
¢52,500,000.00 |
¢0.00 |
|
| 2. |
Pankrano Poultry Farm |
Sale of Assets |
Bunso Farms ltd |
¢45,000,000.00 |
¢45,000,000.00 |
¢0.00 |
|
| 3. |
NIC Chemical & Paints
Plot No.57 |
Sale of Assets |
S. Mart International |
¢74,000,000.00 |
¢74,000,000.00 |
¢0.00 |
|
| 4. |
Kumasi Catering Rest House |
Sale of Assets |
J. Stanley Owusu &
Co. |
¢250,000,000.00 |
¢250,000,000.00 |
¢0.00 |
|
| 5. |
GIHOC Paper Conversion
Co. |
Sale of Assets |
Swedish/Ghanaian Consortium |
¢1,250,000,000.00 |
¢1,250,000,000.00 |
¢0.00 |
|
| 6. |
NIC Estate (Dakmak House) |
Sale of Assets |
Bank for Housing &
Construction |
|
Deconfiscated, Monies Refunded |
| 7. |
Sunyani Catering Rest House |
Sale of Assets |
Oti Yeboah Complex |
¢85,000,000.00 |
¢85,000,000.00 |
¢0.00 |
|
| 8. |
NIC Farms |
Sale of Assets |
Affordable Estates |
|
Deconfiscated
|
| 9. |
Fafia Auto Parts |
Sale of Shares |
Existing Shareholders |
¢139,270,000.00 |
¢139,270,000.00 |
¢0.00 |
|
| 10. |
ICAP-GIHOC Pharmaceutical |
Sale of Shares |
Existing Shareholders |
|
Deconfiscated |
| 11. |
GIHOC Manufacturing Co. |
Liquidation |
|
|
|
| 12. |
GIHOC Vegetable Oil Mills,
Tamale |
Liquidation |
|
|
|
| 13. |
GIHOC Vegetable Oil Mills,
Esiama |
Liquidation |
|
|
|
| 14. |
GIHOC - CADCO |
Liquidation |
|
|
|
| 15. |
NIC Vehicle Assy Plant |
Sale of Assets |
CARICI |
¢287,000,000.00 |
¢287,000,000.00 |
¢0.00 |
|
| 16. |
SFC Cold Stores Tamale/Yendi |
Sale of Assets |
Kada Investments |
¢46,000,000.00 |
¢46,000,000.00 |
¢0.00 |
|
|
|
|
|
| 17. |
NIC Warehose Plot No.58 |
Sale of Assets |
African Bagg |
¢105,000,000.00 |
¢105,000,000.00 |
¢0.00 |
|
| 18. |
Juaben Oil Palm Plantation |
Sale of Assets |
Juaben Traditional Council |
¢50,000,000.00 |
¢50,000,000.00 |
¢0.00 |
|
|
|
|
|
| 19. |
GIHOC Cannery Nsawam |
Sale of Assets |
CARIDEM Devt. Co. |
¢2,789,000,000.00 |
¢2,789,000,000.00 |
¢0.00 |
|
|
|
|
|
| 20. |
GNTC Bakeries - Plots
A&B |
Sale of Assets |
CARIDEM Devt. Co. |
¢1,000,900,000.00 |
¢1,000,900,000.00 |
¢0.00 |
|
| 21. |
Ayinasi, Mpem & Mpataba
Rubber Plantn. |
Sale of Assets |
Premus Trading Co. |
¢113,000,000.00 |
¢30,000,000.00 |
¢83,000,000.00 |
Paid fully for Mpem; Ayinasi
& Mpataba |
|
|
|
farms taken over by chiefs
of the area |
| 22. |
New Edubiase Oil Palm Plantation |
Sale of Assets |
New Edubiase Divisional
Council |
¢3,750,000.00 |
¢3,750,000.00 |
¢0.00 |
|
| 23. |
Winneba Animal Production
Farm |
Lease for 50 years |
Laryx limited |
$ 5,000,000.00 |
¢5,000,000.00 |
¢0.00 |
Rent per annum: C500,000.00 |
| 24. |
FPC Bungalows (3) |
Sale of Assets |
Min. of Food & Agric |
¢32,000,000.00 |
¢32,000,000.00 |
¢0.00 |
|
| 25. |
Elmina Motel |
Sale of Shares |
SSNIT |
¢110,000,000.00 |
¢110,000,000.00 |
¢0.00 |
|
| 26. |
New Match Factory |
Sale of Assets |
Birim Wood Products |
¢850,000,000.00 |
¢850,000,000.00 |
¢0.00 |
|
| 27. |
GIHOC Paints |
Joint Venture |
GOG/SSNIT/DALSUN |
¢390,000,000.00 |
¢390,000,000.00 |
¢0.00 |
GOG has 40% shares |
| 28. |
Kentinkrono
Poultry Farms |
Sale of Assets |
Juskubi Farms |
|
|
|
Deconfiscated |
| 29. |
SFC Cold Stores, Sunyani |
Sale of Assets |
Oberdru Fisheries Limited |
¢40,000,000.00 |
¢40,000,000.00 |
¢0.00 |
|
| 30. |
SFC Cold Stores, Bolga. |
Sale of Assets |
Janet Ali |
¢2,500,000.00 |
¢2,500,000.00 |
¢0.00 |
|
| 31. |
SFC Cold Stores, Asamankese |
Sale of Assets |
Akaf Limited |
¢1,400,000.00 |
¢1,400,000.00 |
¢0.00 |
|
| 32. |
SFC Cold Stores, Hohoe |
Sale of Assets |
Strategic Finance |
¢2,400,000.00 |
¢2,400,000.00 |
¢0.00 |
|
| 33. |
Ghana Cotton Co. Limited |
Sale of Shares |
Existing Shareholders |
¢807,750,000.00 |
¢807,750,000.00 |
¢0.00 |
|
| 34. |
Ghana Pioneer Aluminium |
Sale of Shares |
Existing Shareholders |
¢624,050,000.00 |
¢624,050,000.00 |
¢0.00 |
|
| 35. |
Wenchi Animal Farm |
Lease |
Alhaji Limann |
¢2,000,000.00 |
¢2,000,000.00 |
¢0.00 |
|
| 36. |
Ghana Football Pools Authority |
Liquidation |
|
¢14,000,000.00 |
¢14,000,000.00 |
¢0.00 |
|
| 37. |
VORADEP Auction |
Liquidation |
|
¢26,280,000.00 |
¢26,280,000.00 |
¢0.00 |
|
| 38. |
Ghamot Undeveloped Plots |
Liquidation |
|
¢21,000,000.00 |
¢21,000,000.00 |
¢0.00 |
|
|
|
|
|
| 39. |
Ghana Textile Printing |
Sale of Shares |
CWA
Hldgs.ltd.& Gamma Hldgs.NV
|
$812,000.00 |
$812,000.00 |
$0.00 |
GOG has 16% Shares |
| 40. |
L'air Liquide |
Sale of Shares |
L'air
Liquide, France |
$585,215.00 |
$585,215.00 |
$0.00 |
|
| 41. |
Tema Food Complex Corp. |
Joint Venture |
IBN/ Government |
$3,750,000.00 |
$3,750,000.00 |
$0.00 |
|
|
|
(Sale of 75% to IBN) |
|
|
|
| 42. |
Atlantic Hotel |
Sale of Assets |
Westline Hotel |
$1,000,000.00 |
$1,000,000.00 |
$0.00 |
|
|
|
|
| 43. |
SFC Vessels |
Sale of Assets |
Infitco Gh. Ltd |
$2,000,000.00 |
$2,000,000.00 |
$0.00 |
|
| 44. |
Ghana Oil Palm Devt Corp |
Joint Venture |
SIAT,SSNIT/GOG (60% : 40%) |
$6,952,552.00
|
$6,952,552.00
|
$0.00 |
|
| 45. |
Willowbrook Ghana ltd |
Sale of Assets |
Ghana Private Rd. Trans.
Union |
$512,873.74 |
$512,873.74 |
$0.00
|
|
| 46. |
GNTC Bottling |
Joint Venture |
Coca
Cola Int.-25%, Africa |
$7,000,000.00
|
$7,000,000.00 |
$0.00 |
|
|
|
Growth Fund-20%, GOG-55% |
|
|
| 47. |
Star
Hotel |
Sale of Assets |
International Generics |
$1,000,000.00 |
$750,000.00 |
$250,000.00 |
Pymt awaits resolution
of land title issue |
| 48. |
Ambassador Hotel |
Joint Venture |
GOG 27%, Grace Investment/SSNIT |
$3,510,000.00 |
$0.00 |
$3,510,000.00 |
GOG holds 27%; no paymt received |
|
|
Consortuim 73% |
|
|
| 49. |
African Timber & Plywood |
Sale of Assets |
Samartex Limited |
$3,500,000.00 |
$3,500,000.00 |
$0.00 |
|
| 50. |
Dunkwa Goldfields |
Joint Venture |
Continental Construction
ltd |
$500,000.00 |
$500,000.00 |
$0.00 |
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