Minister for Public Enterprises, Joseph Cudjoe, has announced plans by the Ministry to dispose of 17 defunct state-owned enterprises.

These entities include the State Construction Company, Bonsa Tyre Factory, and Bolgatanga Meat Factory, among others. The decision to divest these enterprises comes as a result of a review conducted by the Ministry, which revealed that they have been causing financial losses to the state and are considered liabilities.

During a press conference, Minister Cudjoe highlighted the issue of these defunct enterprises, stating that the government is currently incurring costs to maintain them while others are vandalizing the assets.

To address this situation, the Ministry intends to explore various strategies, including listing some of these enterprises on the stock market to attract investors who can revive and redevelop them.

The aim of disposing of these state-owned enterprises, according to him, is to minimize financial burdens on the government and create opportunities for private sector participation in their revitalization.

He added that by attracting investors through the stock market, the Ministry hopes to bring in fresh capital and expertise to help turn these entities into viable and productive ventures once again.