• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

SOEs, JVCs and OSEs post Ghs 226 billion liabilities for 2019 – Finance Ministry

4 years ago
in Business, Editor's pick, highlights, Home, home-news, latest News
2 min read
0 0
0
81
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

SOEs, JVCs and OSEs post Ghs 226 billion liabilities for 2019 – Finance Ministry

State Owned Enterprises (SOEs), Joint Venture Companies (JVCs) and Other State Entities (OSEs) for the year 2019 recorded total liabilities of Ghs 226 billion.

This is per the State Ownership Report released by the Ministry for Finance.

Per the report, SOEs accounted for Ghs 82.7 billion (37%) of the total liabilities with JVCs and OSEs accounting for Ghs 61.9 billion (27%) and Ghs 82.1 billion (36%) respectively.

In terms of total assets recorded for the year under review, the 106 SOEs, JVCs and OSEs monitored by the Ministry, posted assets value of Ghs 308 billion.

SOEs, JVCs and OSEs posted assets value of Ghs 137 billion (45%), Ghs 80.2 billion (26%) and Ghs 90.4 billion (29%) respectively.

Must Read: Shipping lines urged by Ghana Shippers’ Authority to ensure transparency in tariff charges

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

Aggregate turnover and net profit posted for the period under review by SOEs, JVCs and OSEs, the Finance Ministry notes in its report, amounted to Ghs 93.1 billion and Ghs 670 million respectively.

The State Ownership Report initiated by the Ministry in 2017 forms part of government’s strategy to reform and improve governance and financial performance of state owned enterprises (SOEs).

This initiative is intended to shed light on the performance of SOEs and improve transparency and accountability in the SOE sector, the potential of which the State is yet to fully leverage to support the national development process.

The 2019 State Ownership Report covers one hundred and six (106) entities made up of forty-seven (47) SOEs, twenty-seven (27) Joint Venture Companies (JVCs), and thirty-two (32) Other State Entities (OSEs).

Per the 2019 report, SOEs and JVCs reported net losses of GH¢1.3 billion and GH¢2.3 billion respectively in 2019.

Source: norvanreports
Tags: Aggregate turnover and net profitJVCs and OSEs post Ghs 226 billion liabilities for 2019 - Finance Ministrynet lossesSOEsState Ownership ReportTotal Assets
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.