Audio By Carbonatix
The Member of Parliament for Tamale South, Haruna Iddrisu is demanding clarity on an alleged sale of the government of Ghana's 30 percent stake in Vodafone Ghana.
According to him, the billion-dollar asset that belongs to Ghana has been sold on credit for a paltry US$100 million.
He lamented further over the telecom sector which used to be an avenue of revenue for the government but has withered away, demanding an explanation from the Communications Minister.
He said the Minster, Ursula Owusu-Ekuful must come and explain to the House.
“Mr. Speaker on my own accord, I want the Hon. Minister of Communications to come and respond to this House, whether it is true that Ghana’s 30 percent stake in Vodafone Ghana has been sold to the majority holder, on credit for less than US$100 million and what the state of that transaction is, as an economic transaction within the meaning of Article 185 of the 1992 Constitution and probably also to update this House on the withering away of Ghana’s telecom landscape and this trend,” he said on the floor of Parliament.
According to him the sector which used to bring in a lot of revenue for the state has been run down by the government.
In 2016 Ghana granted Vodafone International Holdings (VOD.L) approval to sell its 70% stake in Vodafone Ghana to Telecel Group, the country's telecoms regulator said on Monday.
The National Communications Authority (NCA) approved the sale after Telecel submitted a revised financial and technical proposal in December. The NCA had turned down an initial sale plan submitted by Vodafone Ghana early last year as it did not meet required regulatory standards
The NCA said that the revised proposal provided more clarity on the funding required for the transaction and met the regulatory threshold.
Latest Stories
-
Strengthening economy through informal sector tax collection
39 seconds -
Stonebwoy Can Do It: A call to unite behind 2026 BHIM Fest
26 minutes -
World Shea Expo returns to Tamale for 2026 edition
29 minutes -
Prioritise cocoa sector with better prices, timely payments-Annoh-Dompreh urges NDC
57 minutes -
Lands and Mines Watch Ghana endorses Heath Goldfields’ mining capacity
1 hour -
Gbintiri residents protest alleged diversion of 24-hour market project
2 hours -
Justin Bieber headlines Coachella with nostalgia-fuelled set
2 hours -
Ukraine and Russia accuse each other of hundreds of ceasefire violations
2 hours -
Asha Bhosle: The sound of Bollywood dies aged 92
2 hours -
Fire destroys section of 4-bedroom apartment at Tantra Hill
2 hours -
Safe city: Unnoticeable protection
2 hours -
North East Regional Police Commander raises alarm over burning of checkpoints
2 hours -
Free Primary Healthcare Programme set for take-off — Health Ministry confirms readiness
3 hours -
3 co-wives, 5 children perish in canoe disaster – Maritime Authority insists life jackets use mandatory for all water transport
4 hours -
Iran war lands ‘triple blow’ to flood-ravaged Sri Lankans
4 hours