
Audio By Carbonatix
A concerned group, connected to the Convention People’s Party, has vowed to step beyond the boundaries of Ghana to use any available means to stall the impending sale of Ghana Telecom’s shares to the UK based Vodafone.The group says it is prepared to sue the Government of Ghana and the Britain’s Vodafone Group Plc, should they go ahead to conclude the transaction.The law suit would not be limited to the courts of Ghana, but it would be pursued to the shores of the European Union.“So we are telling Vodafone that they will not only be a party to the law suit in this country, but they will be a party to a law suit in the European Union,” Prof. Agyeman Badu Akosa, a member of the group told Joy News.The Government of Ghana is selling 70% of its shares in Ghana Telecom to Vodafone for $900 million.The deal is facing severe resistance from some individuals, as well as, civil society groups and politicians from the opposition parties.The leading member of the CPP said the group is charging both parties with “complicity in corruption”.Prof. Akosa explained: “For us this is a fraudulent document, it will not stand up to better practice anywhere in this world.”He said there has not been any proper valuation of the transaction and called on Ghanaians to stand up against it.He said the deal is a mockery of the national asset, describing it as “buy one get give free” business.The Parliament of Ghana was not able to ratify the agreement before it went for recess last month.However, members of the august House have been recalled from recess to decide the fate of the transaction on August 12.Story by Isaac Essel
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
13 minutes -
Benin’s Finance Minister Wadagni seeks his own mandate in election
3 hours -
GNFS retrieves body of unidentified man from Asylum Down drain
4 hours -
CAF’s Motsepe to visit both Senegal and Morocco amid AFCON fallout
4 hours -
Edmond Boateng takes up secretary role at Honorary Consular Corps of Ghana
4 hours -
Armed men kill 20 and abduct others in northwestern Nigeria villages
4 hours -
Gambia appoints British barrister to prosecute gruesome Jammeh-era crimes
4 hours -
Girl group Flo on entering into their ‘bombastic, confident, strong’ era
4 hours -
Germany suspends military approval for long stays abroad for men under 45
5 hours -
Liverpool face uphill Champions League task after PSG thrashing in Paris
5 hours -
‘Ketamine Queen’ sentenced to 15 years in Matthew Perry overdose death
5 hours -
Nigeria begins mass trial of 500 terrorism suspects
5 hours -
Atletico Madrid stun 10-man Barcelona to seize Champions League semi-final advantage
5 hours -
Black Stars coach to be announced by next week – Sports Minister
6 hours -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
6 hours