Divestiture fetches 134 billion cedis

Total divestiture proceeds accruing from the sale of more than 100 state-owned enterprises (SOEs) stood at 134,212,579,819 as at December 1996.

The amount excludes proceeds from the divestiture of the Ashanti Goldfields Company, the Ghana Commercial Bank, Social Security Bank and Ghana Telecom.

Mr Emmanuel Agbodo, Executive Secretary of the Divestiture Implementation Committee (DIC) who disclosed this at the weekend, said 67,526,113,000 cedis of the total proceeds has been paid leaving a balance of 66,686,468,000 with the investors.