The Ghanaian government has refuted claims of selling its 30% stake in Vodafone Ghana, formerly Ghana Telecommunications Company Limited.
This comes in response to allegations by Member of Parliament for Tamale South, Haruna Iddrisu, suggesting that the government sold the shares for less than $100 million, despite the company’s estimated value being $1 billion.
Minister for Communications and Digitalisation, Ursula Owusu-Ekuful, clarified the situation by confirming that while Vodafone Ghana transferred its 70% stake to Telecel Group in February 2023, the government has no intentions of selling its remaining 30% shareholding.
Owusu-Ekuful emphasized that the government’s consent is not required for Vodafone Ghana to sell its shares, as outlined in the shareholders’ agreement.
She stated 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.
