The government of Ghana “has no plans of selling its 30% shareholding in Ghana Telecommunications Company Limited,” Communications and Digitalisation Minister Ursula Owusu-Ekuful has said.
She told parliament that Vodafone Ghana, which holds 70% of the company, “has transferred its stake to the Telecel Group”.
That transaction, she noted, took place in February 2023.
She clarified that under the shareholders’ agreement, “the consent of the minority shareholder is not required for Vodafone Ghana to transfer or to sell its shareholding in Ghana Telecommunications Company Limited.”
The minister’s clarification follows a recent claim by the Member of Parliament for Tamale South, Mr Haruna Iddrisu, that the government had sold its shares for less than $100 million, despite the company’s estimated value of $1 billion.