By the end of 2018, the total on-lent loans outstanding to various State-Owned Enterprises (SOEs) or government of Ghana loans to SOEs amounted to GHS14.6 billion.

Only GHS4.4 million had, however, been recovered under existing on-lent facilities by the government of Ghana to SOEs, the 2018 State Ownership Report has revealed.

Recoveries on significant portions of signed on-lent agreements are yet to kick in, the report pointed out.

The total outstanding stock of government of Ghana guarantees amounted to GHS2.3 billion, about US$ 487.1 million.
On the government On-lent Loans and Recoveries, the Electricity Company of Ghana had an outstanding debt of GHS490.5 million.

For the list of outstanding guarantees, the Ghana Ports and Habours Authority (GPHA) came first with a GHS1.77 billion guarantee from the government.
This is in relation to the design, civil and dredging works in the ports of Takoradi, Ghana project Phase I and Phase II.

GRIDCo followed with GHS274 million guarantee from the government of Ghana.
This is in relation to financing of the Tumu-Han-Wa Transmission Project and Financing of Substations Reliability Enhancement Project (SREP).

Gov’t transferred GHS519m to 8 subvented agencies in 2018; GBC received GHS25m but spent GHS40m

The government of Ghana transferred an amount of GHS519.00 million to eight subvented agencies in 2018, the 2018 State Ownership Report has disclosed.

The institutions include Ghana Broadcasting Authority, Ghana Highways Authority, the Ghana News Agency; and the Community, Water and Sanitation Agency.
The amount represented 31.17% of the budgeted amount (GHS395.64 million).

According to the report, the 2018 outturn of GHS392.97 million represents a significant increase of 106.50% and 182.88% over 2017 and 2016 figures of GHS190.30 million and GHS138.92 million, respectively.

The Ghana Highways Authority received the highest amount of GHS358 million though it spent GHS262 million.

GBC received GHS25.61 million but spent GHS40.11 million, whilst GNA received GHS5.03 million but spent GHS4.75 million.

The Ghana Metrological Service received GHS11.68 million and spent GHS9.67 million

Credit: Classfmonline