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DIVESTITURE OF STATE-OWNED
ENTERPRISES FOR THE PERIOD 1989 TO 2003 |
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| LIST
OF DIVESTED SOEs IN 1997 |
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ENTERPRISE |
MODE |
NAME
OF INVESTOR |
PURCHASE
PRICE |
AMOUNT
PAID |
BALANCE |
REMARKS |
| 1. |
GPC Hse No. T260 South
Effia Kuma Est. |
Sale of Assets |
Felix Tieku |
¢10,000,000.00 |
¢10,000,000.00 |
¢0.00 |
|
| 2. |
GPC Hse. No. B75 Anaji
Est. |
Sale of Assets |
B.
A. Mensah |
¢35,000,000.00 |
¢35,000,000.00 |
¢0.00 |
|
| 3 |
GPC Hse. No. T259 Effia
Kuma - T'di |
Sale of Assets |
J. N. Essien |
¢10,000,000.00 |
¢10,000,000.00 |
¢0.00 |
|
| 4. |
GPC Hse. No. G7, Tonsuam
Sunyani |
Sale of Assets |
Herbert Effah |
¢5,500,000.00 |
¢5,500,000.00 |
¢0.00 |
|
| 5. |
GPC Hse, Old OLA Est.,
Cape Coast |
Sale of Assets |
S. J. Boakye |
¢6,500,000.00 |
¢6,500,000.00 |
¢0.00 |
|
| 6. |
GPC Hse. No. E31, Bolga
Est. |
Sale of Assets |
M. A. Adombire |
¢6,500,000.00 |
¢6,500,000.00 |
¢0.00 |
|
| 7. |
GPC Hse No. G8, Tonsuam
Est. Sunyani |
Sale of Assets |
John Arthur |
¢5,500,000.00 |
¢5,500,000.00 |
¢0.00 |
|
| 8. |
GPC Hse No. 53A, Zuarunga
Est. Bolga |
Sale of Assets |
Henry Ayitey |
¢4,900,000.00 |
¢3,490,000.00 |
¢1,410,000.00 |
Offer to be withdrawn |
| 9. |
GPC Hse No. 53B, Zuarunga
Est. Bolga |
Sale of Assets |
Richard Mensah |
¢4,900,000.00 |
¢4,900,000.00 |
¢0.00 |
|
| 10. |
GPC House No. H.11, Patasi
Est. Kumasi |
Sale of Assets |
Edward Duku Asamoah |
¢13,000,000.00 |
¢13,000,000.00 |
¢0.00 |
|
| 11. |
GPC House No. M.2, Tonsuam
Est. Sunyani |
Sale of Assets |
Timothy Kofi Denteh |
¢12,500,000.00 |
¢12,500,000.00 |
¢0.00 |
|
| 12. |
GPC House No. M.1, Tonsuam
Est. Sunyani |
Sale of Assets |
Joseph Da Costa Woode |
¢12,500,000.00 |
¢12,500,000.00 |
¢0.00 |
|
| 13. |
GPC Hse No. B 54, Zuarungu
Est. Bolga |
Sale of Assets |
John Mensah |
¢4,855,000.00 |
¢4,855,000.00 |
¢0.00 |
|
| 14. |
SFC Uncompleted Cold-Store,
Bolga |
Sale of Assets |
Edward Ghanem |
¢32,000,000.00 |
¢32,000,000.00 |
¢0.00 |
|
| 15. |
SFC Social Security Bank
Block, Tema |
Sale of Assets |
S.S.B |
¢550,000,000.00 |
¢550,000,000.00 |
¢0.00 |
|
| 16. |
SFC Uncompleted Pty, Kingfisheries
Tema |
Sale of Assets |
EMPAT Fisheries |
¢200,000,000.00 |
¢100,000,000.00 |
¢100,000,000.00 |
Balance being demanded |
| 17. |
SFC Russian Complex |
Sale of Assets |
BOTIVA |
¢710,000,000.00 |
¢710,000,000.00 |
¢0.00 |
|
| 18. |
SFC Radio Station Tema |
Sale of Assets |
Movelle Co ltd |
¢35,000,000.00 |
¢35,000,000.00 |
¢0.00 |
|
| 19. |
SFC Ice Flake Plant T'di |
Sale of Assets |
Krentico Ltd |
¢52,000,000.00 |
¢52,000,000.00 |
¢0.00 |
|
| 20. |
SFC Club Hse. Tema |
Sale of Assets |
Moses Arku |
¢19,030,000.00 |
¢19,030,000.00 |
¢0.00 |
|
| 21. |
GNTC Accra Office and Textiles
Division |
Sale of Assets |
Capital Merchants &
Industrial Co. |
¢710,000,000.00 |
¢201,000,000.00 |
¢509,000,000.00 |
Bal. to be settled upon
resolution of title issue |
| 22. |
GNTC Motors Division, Takoradi |
Sale of Assets |
Greenline Logistics |
¢100,000,000.00 |
¢100,000,000.00 |
¢0.00 |
|
| 23. |
GNTC (COPA CABANA NITE
CLUB) |
Sale of Assets |
Kweku Opare |
¢26,000,000.00 |
¢26,000,000.00 |
¢0.00 |
|
| 24. |
GNTC District Education
Bldg, Winneba |
Sale of Assets |
Ewutu Senya District Assembly |
¢18,100,000.00 |
¢18,100,000.00 |
¢0.00 |
|
| 25. |
GNTC
Tech. & Ollivetti Computers & |
Sale of Assets |
Capital Merchants &
Industrial Co. |
¢605,000,000.00 |
¢605,000,000.00 |
¢0.00 |
|
|
Office Machines |
|
ltd |
|
|
| 26. |
GNTC Pty # 41, South-East
Ridge (Guest House) |
Sale of Assets |
Tropical Properties Ltd. |
¢200,000,000.00 |
¢200,000,000.00 |
¢0.00 |
|
| 27. |
TFCC Lashibi Farm |
Sale of Assets |
Makudzi Farms |
¢250,000,000.00 |
¢250,000,000.00 |
¢0.00 |
|
| 28. |
BARDEC Res. Pty Tonsuam
Est Sunyani |
Sale of Assets |
Kwabena Kyere |
¢8,000,000.00 |
¢8,000,000.00 |
¢0.00 |
|
| 29. |
Agricultural Cattle Ranch,
Amerlokope |
Lease |
Dr. Leonard Yao Kaledzi |
¢10,000,000.00 |
¢10,000,000.00 |
¢0.00 |
Rent per annum: C750,000.00 |
| 30. |
State Oil Palm Plantation,
Juaso |
Sale of Assets |
Juaso Traditional Council |
¢100,000,000.00 |
¢100,000,000.00 |
¢0.00 |
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| 31. |
State Oil Palm Plantation
Akwanserem |
Sale of Assets |
Akotosu Farms ltd/Traditional |
¢110,000,000.00 |
¢110,000,000.00 |
¢0.00 |
|
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|
Council |
|
|
| 32. |
ALUWORKS GHANA ltd |
Sale of Shares |
Public |
¢9,052,590,000.00 |
¢9,052,590,000.00 |
¢0.00 |
Sale of total GOG shares
of 35% |
| 33. |
Ghana Union Assuarance |
Sale of Shares |
Existing Shareholders |
¢780,000,000.00 |
¢780,000,000.00 |
¢0.00 |
Sale of total GOG shares
of 20% |
| 34. |
GHACEM |
Sale of Shares |
Workers |
¢1,000,000,000.00 |
¢1,000,000,000.00 |
¢0.00 |
Sale of 5% shares to workers |
| 35. |
BARDEC Cold Store &
Bakery, Sunyani |
Sale of Assets |
Jowark Enterprise Ltd. |
¢40,000,000.00 |
¢40,000,000.00 |
¢0.00 |
|
| 36. |
Ghamot
Co ltd Hse No. 73/74 Kojo |
Sale of Assets |
Mohamed Jawal |
|
Deconfiscated |
|
Thompson Rd |
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| 37. |
Achimfo Cocoa Plantation, |
Lease |
Saviour Church Of Ghana |
¢44,520,000.00 |
¢44,520,000.00 |
¢0.00 |
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| 38. |
GIHOC Pharmaceuticals |
Joint Venture |
Rhyto-Ryker Pharmaceuticals |
$9,100,000.00 |
$8,283,867.19 |
$816,132.81 |
10% free interest for Govt.
Legal action in |
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progress |
| 39. |
SFC (General Workshop) |
Sale of Assets |
Nana Yeboah-Kordie AsareII(Hillpok) |
$370,000.00 |
$185,000.00 |
$185,000.00 |
Legal action in progress |
| 40. |
Twifo Oil Palm ltd |
Sale of Shares |
Unilever Ghana ltd |
$7,200,000.00 |
$7,200,000.00 |
$0.00 |
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| 41. |
Ghamot Motors Co. |
Sale of Assets |
Marubeni Corporation |
$2,798,000.00 |
$2,798,000.00 |
$0.00 |
|
| 42. |
Coca Cola (GNTC Bottling) |
Sale of Shares (20%) |
Eugene Jackson of U.S.A. |
$2,400,000.00 |
$2,400,000.00 |
$0.00 |
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