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
-
T-bills auction: Government exceeds target marginally; yield on 91-day bill remains unchanged
11 minutes -
GPL 2026/27: 10-man Aduana hand Kotoko defeat in Kumasi
22 minutes -
GPL 2026/27: Medeama ease past Basake Holy Stars
56 minutes -
Appiah Adomako writes: Why DVLA must stop treating every expired licence holder as delinquent
59 minutes -
Localization must transfer decision-making power, not just project responsibilities
1 hour -
Modernising Ghana’s traditional markets through the 24-Hour Economy markets initiative
1 hour -
New economy will boost local production and create jobs – Finance Minister
1 hour -
Real-Time VAT on cross-border digital services – not a new tax and does not violate double taxation principle
2 hours -
Digitalisation, AI key to Ghana’s tourism transformation – GHATOF
2 hours -
Stronger GTA-private sector partnership needed to grow tourism – GHATOF
2 hours -
Amazon eyes Ghana for broadband expansion after talks with Mahama
3 hours -
National Investment Quiz 2026: Six schools qualify for quarter-finals
4 hours -
‘Do not let Russia pay for its madness with lives of your people’ – Zelensky to Ghana, 46 other countries
4 hours -
6,079 promotion cases fully processed and paid – CAGD says amid nationwide teachers’ strike
4 hours -
Teacher unions to meet government Monday over nationwide strike
4 hours