BONSASO, Ghana (Sept. 14, 2010)—The Ghanaian government has begun the process of selling its 100-percent stake in Bonsa Tyre Co. Ltd. as part of its ongoing privatization program.
The government said Bonsa Tyre has capacity to produce 1,230 tires and 960 inner tubes a day. It also produces retread compounds and rubber cement for retreading and various diversified rubber products. There is also extra factory space for expansion.
Bonsa Tyre is located on 158 acres of land in Bonsaso in western Ghana.
The company was established in 1963 to make car tires; Firestone Tire & Rubber Co. acquired a 60-percent stake in it at that time, with the remaining 40 percent maintained by the Government of Ghana. Firestone sold its stake in 1981 to the government.
The sale documents note the factory's structural condition is good, but “some minor defects” will require “some repairs/rehabilitation and redecoration.”
Interested parties can purchase the relevant documentation to register their interest for $300, according to the government.