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).