Audio By Carbonatix
The Government of Ghana has no plans of selling its 30 per cent shareholding in Ghana Telecommunications Company Limited (Vodafone Ghana), Mrs Ursula Owusu-Ekuful, the Minister of Communications and Digitisation, has informed Parliament.
She said Vodafone Ghana, which holds 70 per cent of the Ghana Telecommunications Company, transferred its stake to the Telecel Group in February 2023.
The Minister made the disclosure on the floor of Parliament on Monday, December 11 in her response to a question by South Dayi MP, Rockson-Nelson Dafeamekpor, who wanted to know from the Minister whether Government has any plans to sell its shares in Vodafone Ghana.
Mrs Owusu-Ekuful noted that under the shareholders agreement, the consent of the minority shareholder (Ghana Government) was not required for Vodafone Ghana (the majority shareholder) to transfer or to sell its shareholding in Ghana Telecommunications Company Limited; saying "consent is not required under the terms of the shareholder's agreement".
Mr Dafeamekpor asked the Minister a follow-up question whether she would be able to tell the House the value of the 70 per cent share that Vodafone Group Plc got in transferring its share in Ghana Telecommunications Company Limited to Telecel Group.
"Mr Speaker, the question was specific, as to whether Government has any plans of selling its shares in Vodafone Ghana Ltd. The answer has also been specific, that (the) Government has no such plans," she said.
"If the Honourable Member requires any further information, I suggest that he files a substantive question to which I will come and give a response. I do not have that information at the top of my head. Thank you, Mr Speaker," she responded.
Latest Stories
-
ORC begins enforcement of GH¢500 penalty for failure to file beneficial ownership information
6 minutes -
GRA assures it will meet GH¢225bn target for 2026 despite tax reform concerns
14 minutes -
Ofori-Atta Saga : Ex-appointees must face probes when invited – John Darko
20 minutes -
Haruna Mohammed rules out removal of names from NPP album
23 minutes -
Volta House of Chiefs nullifies enstoolment of Roland Adiko as paramount chief of Tanyigbe, affirms rotational succession
23 minutes -
FACT CHECK: Kennedy Agyapong’s claim that Adenta is a traditional NPP seat and that Bawumia did not campaign there is false
24 minutes -
Iran: Videos from mortuary show how deadly protests have become
26 minutes -
Over 2,000 screened as Ashanti Region Police recruitment exercise progresses
36 minutes -
Mallam Market chaos: Traders flout rules, crippling Accra-Kasoa Highway
36 minutes -
Preparations for NPP presidential primaries nearly complete — Haruna Mohammed
54 minutes -
AFCON 2025: the dominance of African coaches
56 minutes -
31 granted bail over illegal mining in Apramprama forest reserve
1 hour -
Son of Iran’s exiled late monarch urges supporters to replace embassy flags
1 hour -
Gold Empire Resources applauds gov’t crackdown on illegal mining; calls for prosecution of financiers and sponsors
2 hours -
Western North NPP raises alarm over cocoa sector neglect, cites lack of funds and jute sacks
2 hours
