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DIVESTITURE OF STATE-OWNED
ENTERPRISES FOR THE PERIOD 1989 TO 2003 |
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| LIST OF DIVESTED SOEs IN 1999
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ENTERPRISE |
MODE |
NAME
OF INVESTOR |
PURCHASE
PRICE |
AMOUNT
PAID |
BALANCE |
REMARKS |
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| 1. |
SCC Property No. 19, Church Crescent, Labone |
Sale of Assets |
Yadco Ghana Ltd. |
¢500,000,000.00 |
¢500,000,000.00 |
¢0.00 |
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| 2. |
Crusader Insurance Company Ltd. |
Sale of shares |
CDH Finacial Holdings Ltd. |
¢114,650,000.00 |
¢114,650,000.00 |
¢0.00 |
Sale of 8% of
GOG shares |
| 3. |
GNTC Dept. Store, Kumasi |
Sale of Assets |
Nayak Limited |
¢1,200,000,000.00 |
¢540,000,000.00 |
¢660,000,000.00 |
To be settled upon eviction of tenants |
| 4. |
GPC Tamale Printing Press |
Sale of Assets |
Drumhead Publishing
House Ltd. |
¢250,000,000.00 |
¢250,000,000.00 |
¢0.00 |
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| 5. |
SCC Bungalow No. 17, Church Crescent, Labone |
Sale of Assets |
ECONO Lodge |
¢510,000,000.00 |
¢510,000,000.00 |
¢0.00 |
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| 6. |
GIHOC Bottling Company ltd
(PEPSI) |
Sale of Assets |
Beverage Investment Gh. Ltd |
¢370,000,575.58 |
¢370,000,575.58 |
¢0.00 |
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| 7. |
Produce Buying Company Ltd. |
Sale of shares |
Public |
¢12,500,000,000.00 |
¢12,500,000,000.00 |
¢0.00 |
Interim proceeds received |
| 8. |
Black Star Line Co. |
Liquidation |
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Under Official Liquidation |
| 9. |
GIHOC Vegetable Oil Mills Ltd. |
Liquidation |
Various |
¢28,435,967.43 |
¢28,435,967.43 |
¢0.00 |
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| 10. |
SFC Cold Store, Peki |
Sale of Assets |
Joseph Kofi Gu |
¢8,000,000.00 |
¢8,000,000.00 |
¢0.00 |
Redivestment |
| 11. |
State Farms Corporation Farm, Bunso |
Sale of Assets |
Sun Enterprises |
¢19,000,000.00 |
¢10,219,100.00 |
¢8,780,900.00 |
Overdue balance being demanded |
| 12 |
GNTC W'hse, Plot 39A, Heavy Ind. Area, Tema |
Sale of Assets |
Overseas Agencies, (WA) Ltd. |
¢1,400,000,000.00 |
¢1,400,000,000.00 |
¢0.00 |
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| 13 |
GNTC W'hse, Plot 39B, Heavy Ind. Area, Tema |
Sale of Assets |
GNPA |
¢1,200,000,000.00 |
¢1,200,000,000.00 |
¢0.00 |
Cash received: C250m; Debt swap: C950m |
| 14 |
Adidome
Piggery Project, |
Lease |
J. K. Dowokpor |
¢20,000,000.00 |
¢20,000,000.00 |
¢0.00 |
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| 15 |
Gliksten (West Africa) Ltd. |
Sale of Assets |
Logs & Lumber Ltd. |
$5,000,000.00 |
$5,000,000.00 |
$0.00 |
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| 16 |
State Transport Company Ltd. |
Sale of Assets |
Vanef Company Ltd. |
$14,520,000.00 |
$14,520,000.00 |
$0.00 |
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| 17 |
Ghana Cement Works (GHACEM) |
Sale of shares |
Scancem International Ans |
$17,000,000.00 |
$17,000,000.00 |
$0.00 |
Sale of total GOG shares of 35% |
| 18 |
National Oil Palms Limited |
Sale of Assets |
Norpalm ASA, Norway |
$2,960,000.00 |
$1,480,000.00 |
$1,480,000.00 |
Investor
is asking for price revision due to |
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diseased crops prior to handing-over |
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