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1st November 2023 12:47:12 PM
2 mins readBy: Chris Kodo

The Member of Parliament for Tamale South, Haruna Iddrisu, is calling for transparency regarding the reported sale of the Ghanaian government's 30 percent stake in Vodafone Ghana.
He has raised concerns that this billion-dollar asset, owned by Ghana, has been sold on credit for a mere US$100 million.
Haruna Iddrisu expressed further dismay over the telecom sector's decline, which was once a significant source of revenue for the government. He is demanding an explanation from the Minister of Communications, Ursula Owusu-Ekuful, and insists that she must appear before the House to clarify the matter.
“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 while speaking on the floor of Parliament.
He pointed out that the sector, which had once been a significant source of state revenue, has been mismanaged by the government.
In 2016, Ghana's telecoms regulator, the National Communications Authority (NCA), granted approval for Vodafone International Holdings (VOD.L) to sell its 70% stake in Vodafone Ghana to Telecel Group. This decision came after Telecel submitted an improved financial and technical proposal in December. The NCA had initially rejected Vodafone Ghana's earlier sale plan as it failed to meet the necessary regulatory standards.
The NCA stated that the revised proposal offered more clarity on the financial requirements for the transaction and complied with regulatory criteria.
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