Government may review GT sale (Ghana)

January 28, 2009 at 17:30 Leave a comment

Ghana’s Minister designate for Communications, Hon. Haruna Iddrisu has intimated that his ministry could review the sale of a 70% stake in national PTO Ghana Telecom (GT) to the UK’s Vodafone Group. MyJoyOnline cites an interview between The Ghanaian Chronicle and Iddrisu in which the minister designate said he was hopeful the government would support the idea. Mr. Iddrisu would have to contact the Presidency for approval before his Ministry could implement such a scheme. Clarifying his intentions, Iddrisu said the purpose of the review was not to cancel the Sale and Purchase Agreement that Vodafone made, but rather to ascertain whether the contract was a genuine one. ‘I am not saying that we are going to take the deal from them but we are going to make sure that Ghanaians get value for their money,’ he stated. Whilst in opposition, the National Democratic Congress (NDC) would not endorse the multi-million Vodafone deal in Parliament, on the grounds that though they were not strictly anti- the sale, the ‘secrecy’ under which government was undertaking the sale process raised suspicion that perhaps some procedures did not conform to the Public Procurement Act.

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Entry filed under: Africa, Europe, Financial, Ghana, Ghana Telecom, Mobile, Mobile Network Operator, Telecom, UK, Vodafone, Wireless. Tags: , , , , , , , .

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