Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Missing ECG Containers Story Was A Big Lie …Minority Chase Energy Minister
    • Wontumi Arrested Again !
    • Articulated truck drive through cars in Kumasi
    • NFA Boss Kafui Danku Joins Tour to Boost Local Development
    • Govt Adds Private Schools To Free SHS
    • NDC Has Put Ghana On Autopilot – Patricia Appiagyei
    • Minority On Fire …Firms Up Strategy for Parliament
    • Thaddeus Sory Obsessed With Me – Says Dame, Calls For Healing For Him
    Facebook X (Twitter) Instagram YouTube
    InsightNewsgh.ComInsightNewsgh.Com
    • Home
    • News
    • Business
    • Entertainment
    • Politics
    • Sports
    InsightNewsgh.ComInsightNewsgh.Com
    Home»Business»Gov’t Should Sell non-performing SOEs
    Business

    Gov’t Should Sell non-performing SOEs

    Insight NewsBy Insight NewsJanuary 26, 2023No Comments2 Mins Read
    Gov't Should Sell non-performing SOEs
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Individual bondholders stated that their holdings through collective investment schemes total approximately GHS15.5 billion, or about 11% of the eligible bonds and capitalized interest, during discussions with the technical committee established by the government to address issues surrounding the Domestic Debt Exchange Programme.

    With the objective of 80% of qualifying bonds, the individual bondholders continued, Individual Bondholders are not a critical success factor for the viability of the DDE project, but their inclusion would have unimaginable effects.

    Senyo Hosi’s Individual Bondholders Forum made recommendations to the Committee that included the government selling 17 troubled, bankrupt, and loss-making state-owned firms.

    The Individual Bondholders Forum has insisted on the complete exclusion of its members from the Domestic Debt Exchange Programme, stating that their inclusion will destroy household confidence in Ghana’s financial system and securities market.

    The Individual bondholders also suggested that the government review the Free SHS Programme to make it more efficient through effective targeting and allowing parents who can pay to do so.

    According to the group, “beneficiaries should be students that patronize Senior High Schools in their communities whilst other students should pay for boarding.

    However, the government can pay for students who do not have Senior Secondary schools in their communities.”

    The group stated that divesting the 17 non-performing SOEs and reviewing the free SHS alone will provide the government with two billion cedis.

    The group also urged the government to maintain the 2022 capital expenditure level by reducing the non–ABFA MDA and foreign finance Capex provisions by 50% which they claim will provide the 10.7 billion Ghana Cedis.

    Ghana Ghana News
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Insight News
    • Website

    INSIGHTNEWSGH seeks to give readers balanced, credible and neutral news from across Ghana and the world. We cover News, Politics, Business, Entertainment, Sports, among others.

    Related Posts

    NLA To Partner Global Leader, Scientific Games

    August 28, 2024

    Banking Sector Picks Up Pace After DDEP – Prof. Isaac Boadi

    July 15, 2024

    Joe Dadzie taking over as the new Chief Executive Officer (CEO) of the Ghana National Petroleum

    May 2, 2024
    Leave A Reply Cancel Reply

    ADVERTISEMENT
    Health Tips
    LATEST STORIES

    Missing ECG Containers Story Was A Big Lie …Minority Chase Energy Minister

    May 28, 2025

    Wontumi Arrested Again !

    May 28, 2025

    Articulated truck drive through cars in Kumasi

    May 28, 2025

    NFA Boss Kafui Danku Joins Tour to Boost Local Development

    May 28, 2025

    Govt Adds Private Schools To Free SHS

    May 28, 2025
    POPULAR

    Missing ECG Containers Story Was A Big Lie …Minority Chase Energy Minister

    May 28, 2025

    Wontumi Arrested Again !

    May 28, 2025

    Articulated truck drive through cars in Kumasi

    May 28, 2025

    NFA Boss Kafui Danku Joins Tour to Boost Local Development

    May 28, 2025

    Govt Adds Private Schools To Free SHS

    May 28, 2025
    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    • Buy Adspace
    • Buy Adspace
    • Hide Ads for Premium Members
    © 2025 Insight News GH.

    Type above and press Enter to search. Press Esc to cancel.