Capital Market Development

REPORT OF TECHNICAL WORKING GROUP ON CAPITAL MARKET discipline: ROLE OF DIVESTITURES AND PRIVATIZATION OF GOVERNMENT ASSETS MAY 15, 2006 TABLE OF CONTENTS Chapter 1. 2. 3. 3.1. 3.2 3.3 3.4 3.5 3.6 3.7 4. 4.1 5. rendering Executive Summary Introduction Deliverables Current Policies and Practices on Divestiture critical point post Agreements Government Assets for Privatization (SOEs and JVs) Prescriptions for Constraints Institutional Arrangements for Divestiture Projected Divestiture Receipts for 2006 usher for Divestitures on the GSE Other Issues Listed Debt Market ` 8 11 14 16 17 18 20 22 22 Page 3 5 Appendix: Overview of gold coasts chief city Market 24 2 1. 1. EXECUTIVE SUMMARY There are sizeable delays in giving authorizations for divestitures to be consummated. It is recommended that some level of office be given the Divestiture Implementation Committee (DIC), where desirable, to reduce the delays and thereby keep to divestiture time-table. Public floatation and listing on the Ghana Stock Exchange should al focuss be the first cream in the sale of Government Assets.

All future critical point Venture Agreements should not have clauses that impede Governments exercise of its free will to sell its Joint Venture holdings to the public. Government should initiate out-of-court settlement of all sound out reckon disputes and persuade JVs to waive their right of first refusal to pave the way for privatization through share issues. Persons representing Government holdings on the board of joint venture companies must have performance contracts and laid dump means of reporting to Government. State Enterprises Commission should be appoint and resourced to outsource to private companies, some of the audit required to grind away companies for privatization. The Divestiture Implementation Committee should be the sole implementing institution for divestitures. field Ministries should not execute divestiture of companies under their Ministries. The... If you want to get a full essay, order it on our website: Orderessay

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