Audio By Carbonatix
Communications Minister Haruna Iddrisu has given the assurance that the nation will realize monetary value in government’s proposed re-engagement with Vodafone.
He said while government did not intend to abrogate the Sale and Purchase Agreement that saw 70 per cent shares of Ghana Telecom ceded to Vodafone, it was determined to ensure that the nation gets more value from the sale.
Speaking to Joy FM’s Super Morning Show host Kojo Oppong-Nkrumah, Mr Iddrisu said there were certain areas of the agreement that the government believed could be looked at for the benefit of the country.
“Vodafone for instance got a 3G License, how could that be part of the assets of (GT),? and how do you acquire a 3G license,? was it consistent with the National Communications Authority Act,? he asked.
The minister said per the NCA's regulations, a 3G License is estimated at $28m which was part of the sales agreement. "We will be looking at it," he stated.
Mr Iddrisu explained that "the process of re-engagement is not renegotiation of the agreement" because the government does not want to create the impression that it does not respect contractual agreementS.
Such an impression, he noted could hurt the country's desire to woo foreign investment.
A Law lecturer at the Kwame Nkrumah University of Science and Technology, Ernest Kofi Abotsi had cautioned the government to exercise maximum restraint in carrying out its re-engagement process.
He argued if the process was not properly managed, it could lead to undesirable consequences.
In fulfillment of a campaign promise, the gopvernment set up a ministerial committee to review the sale of government's 70 per cent shares in GT to Vodafone.
The committee finished its work and submitted a report to government a couple of months ago.
The government's official comment on the report contained in a statement and signed by the Chief of Staff, said the government had accepted many of the recommendations of the committee.
The statement added the government was going to re-engage with Vodafone on certain areas of the deal.
Play the attached audio for the arguments of Mr Merrs Iddrisu and Abotsi.
Story by Malik Abass Daabu/Myjoyonline.com/Ghana
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
-
BoG proposes new rules to ensure banks can always pay customers when they need their Money
1 hour -
Hotline Documentary: ‘Silent Football’ to air on JoyPrime and JoyNews today
2 hours -
NDPC examines how evidence shapes Ghana’s development planning and policy decisions
2 hours -
Education Ministry calls urgent talks to break GAUA strike deadlock
2 hours -
NCCE engages women in North East Gonja on rule of law, anti-corruption
2 hours -
NDPC reviews 2004 planning guidelines to reflect changes in decentralised system
2 hours -
Trade Ministry commends Prisons Service for using art to drive inmate rehabilitation
2 hours -
Books, brushes and second chances: Dr Abena Asomaning launches three titles to support prison outreach
2 hours -
Treasury bill auction oversubscribed by 53.5% as yields fall across maturities
2 hours -
NPP warns aspirants premature campaigning could jeopardise eligibility for primaries
2 hours -
Ghana courts investors in Bangkok after exit from $3bn IMF bailout
2 hours -
8 arrested over alleged internet fraud initiation assault in Bono Region
2 hours -
SSNIT says Labadi Beach Redevelopment will create local economic opportunities
3 hours -
BoG proposes 30-day liquidity buffer requirement for banks
3 hours -
BoG plans reviews of banks’ cybersecurity compliance
3 hours