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PRIVATISING THE PROCESS
The Government of Ghana, through the Divestiture Implementation Committee (DIC), is outsourcing some divestiture to the private sector.
DIC closely monitors subcontracted work to ensure that it is carried out in accordance with DIC’s procedures and statutory responsibilities.
REGISTER OF PRE-QUALIFIED FIRMS
DIC maintains a register of pre-qualified firms to undertake work on divestiture. The register is divided into the following categories:
- Management, financial and business consultants;
- Legal firms and consultants;
- Merchant banks and non-bank financial institutions;
- Surveyors, valuers, estate managers and landed property consultants; and
chartered accounting firms
Interested persons may inspect the register at DIC's headquarters during usual business hours.
DIVESTITURE ASSIGNMENTS
Principally, the assignments will be:
- To provide advice in a lead capacity in connection with, and ultimately to implement, the divestiture of a state-owned enterprise, SOE;
- valuation of the land and buildings, plant and machinery and other fixed assets of an SOE;
- financial valuation of an SOE;
- preparation of a profile of an SOE in the form of an information memorandum.
THE WORLD BANK
The Government of Ghana has received a credit from the International Development Association (IDA) towards the cost of consultancy services, and applies proceeds of the credit to eligible payments under outsourcing contracts. DIC selects consultants in accordance with the World Bank's guidelines for the selection of consultants.
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FINANCIAL RESTRUCTURING
