Audio By Carbonatix
The Minister for Communications, Digital Technology, and Innovations, Samuel Nartey George, has strongly criticised those responsible for managing the AirtelTigo transaction, branding them as “enemies of the state” over the controversial sale of the telecommunications company.
His remarks come in response to the decision to sell AirtelTigo, which was burdened with a substantial debt of GHC3.5 billion, for a token sum of just one dollar.
Addressing journalists in Parliament on Monday, 24th March, the Minister questioned the patriotism of those who oversaw the transaction, arguing that their actions had left the nation with an enormous financial burden.
“Those who managed the AirtelTigo process are enemies of our state and individuals who have no sense of patriotism. So for anybody to have told us that they bought AirtelTigo for one dollar, and now that we have taken over the ministry, ATC (American Tower Company), just one of the companies AirtelTigo owes, has presented us with a bill of 1.5 billion Ghana Cedis,” he stated.
Mr George further revealed that discussions with officials from the American Embassy had exposed serious financial liabilities linked to AirtelTigo.
He explained that the Embassy, alongside its team, had engaged his ministry, highlighting the company's outstanding debts.
These revelations, he noted, painted a grim picture of the financial mismanagement surrounding the deal and raised concerns about who would ultimately bear the burden of repayment.
“The American Embassy, along with their team, was in my office, and one of the major issues raised was the indebtedness to ATC. The debt sitting on the books of AirtelTigo exceeds 3.5 billion Ghana Cedis,” the Minister disclosed.
He stressed that such financial commitments could not simply be ignored and that they would have serious implications for the government's fiscal responsibilities.
Mr George questioned the logic behind selling a company with such a huge debt for a nominal amount, urging Ghanaians to scrutinise the decision made by the previous administration.
“So if someone told you that they bought it for one dollar, who is going to pay the 1.3 billion that is sitting there and accumulating interest?” he asked, highlighting the long-term financial consequences of the deal.
The Minister reaffirmed his commitment to ensuring greater transparency and accountability within the telecommunications sector.
He emphasised that his ministry would undertake a thorough review of the AirtelTigo transaction and work to prevent such mismanagement from recurring in the future.
Latest Stories
-
“Thank you for supporting my son from day one till now,” Bolewura to Asiedu Nketia
9 minutes -
Spanish side Córdoba CF extend contract of Jonathan Korbla until 2027
1 hour -
Oda-Nkwanta road crash: Chairman Wontumi mourns MP’s aide, extends condolences to victims
1 hour -
Ghana remains in 4th position in Africa with highest debt to IMF
2 hours -
Rwanda, DRC border close over fears of Ebola outbreak
2 hours -
Church of Pentecost launches Medical Missions Outreach in Abesewa to deliver healthcare
2 hours -
University of Ghana study links West African gene to higher kidney disease risk
2 hours -
T-bills: Government records 34% oversubscription, but interest rates continue to rise
2 hours -
Bank of Ghana’s mandate should be price stability and nothing else – Dr Nsafoah
2 hours -
U-17 AFCON: Black Starlets lose to 10-man Senegal in second Group game
3 hours -
GPL 2025/26: Medeama SC hammer Heart of Lions to clinch title
3 hours -
NACOC storms drug hotspots in Greater Accra and Oti regions; several arrested in major weekend crackdown
3 hours -
GPL 25/26: Bechem spank Kotoko in penultimate round
4 hours -
Socrate Safo Speaks: When the Lion dances Alone – A lesson for NPP ahead of 2028
4 hours -
Ghana Premier League: Samartex pip Hearts in Samreboi
4 hours