{"id":605586,"date":"2019-04-06T11:10:07","date_gmt":"2019-04-06T11:10:07","guid":{"rendered":"<br><div>\n<!-- \/1002554\/MJO_Announcement_250X340 -->\n<!-- <div id='div-gpt-ad-1550929497923-0' style='float:right;z-index: 996;height:340px; width:250px;'>\n\n<\/div> -->\n<!-- 27th April (1month) - UHAS -->\n<div style=\"float:right;z-index: 996;height:340px; "},"modified":"2019-04-06T11:10:07","modified_gmt":"2019-04-06T11:10:07","slug":"vodafone-not-against-listing-on-ghana-stock-exchange","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/04\/06\/vodafone-not-against-listing-on-ghana-stock-exchange\/","title":{"rendered":"Vodafone not against listing on Ghana Stock Exchange"},"content":{"rendered":"<p><\/p>\n<div>\n<!-- \/1002554\/MJO_Announcement_250X340 --><br \/>\n<!-- \n\n<div id='div-gpt-ad-1550929497923-0' style='float:right;z-index: 996;height:340px; width:250px;'>\n\n<\/div>\n\n --><br \/>\n<!-- 27th April (1month) - UHAS --><\/p>\n<div style=\"float:right;z-index: 996;height:340px; width:250px;\">\n<img decoding=\"async\" src=\"https:\/\/cdn.ghanamma.com\/2019\/03\/glauc-new.jpg\"\/>\n<\/div>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">Vodafone Ghana says it is not averse to listing on the Ghana Stock Exchange (GSE) for Ghanaians to benefit from the fortunes of the company but it is under no obligation to do so.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">This was in response to a call by the CEO of GSE, Kofi Yamoah that government should compel Vodafone to list on the bourse after acquiring the 2x5MHz lot in the 800MHz spectrum band for 4G recently.<\/span><\/span><\/span><\/span><\/p>\n<p><!-- \/1002554\/Myjoyonline\/mjo-article-leaderboard_mid-1 --><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">He argued that when Ghana Telecom was sold to Vodafone in 2008, part of the conditions was that it will list on the GSE for Ghanaians to benefit from its fortunes, but till date that has not happened.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">According to him,\u00a0the acquisition of the 4G license, which requires Vodafone to offload 25 per cent shares to Ghanaians, sets the tone for government to now compel the company to do what they should have done years back.<\/span><\/span><\/span><\/span><\/p>\n<p><!-- \/1002554\/Myjoyonline\/mjo-article-leaderboard_mid-2 --><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">But in a rebuttal, Vodafone said whereas it had no aversion to listing on the bourse, the licensing conditions for the 800MHz spectrum it acquired recently, does not obligate the company to list on the GSE.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">\u201cThe 4G LTE licensing conditions does not\u00a0mandate licensees to launch an IPO\u00a0on the GSE and nowhere in the bid documents or the license condition is <\/span><\/span><\/span><\/span><span style=\"color:#222222\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial,Helvetica,sans-serif\">a reference<\/span><span style=\"font-family:Arial,Helvetica,sans-serif\"> even made to <\/span><span style=\"font-family:Arial,Helvetica,sans-serif\">a listing<\/span><\/span><\/span><\/span><\/span><\/span><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">,\u201d Vodafone said.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">Vodafone again noted that whereas the licensing conditions required licensees to ensure 25 per cent Ghanaian ownership, that does not apply to them because 30 per <\/span><\/span><\/span><\/span><span style=\"color:#222222\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial,Helvetica,sans-serif\">cent<\/span><\/span><\/span><\/span><\/span><\/span><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\"> the company is already owned by\u00a0government.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">\u201cThis said, Vodafone places on record that it has no aversion to <\/span><\/span><\/span><\/span><span style=\"color:#222222\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial,Helvetica,sans-serif\">a listing<\/span><\/span><\/span><\/span><\/span><\/span><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">, or for accommodating local participation in the company\u2019s fortunes\u2026\u201d it said.<\/span><\/span><\/span><\/span><\/p>\n<p><!-- \/1002554\/Myjoyonline\/mjo-article-leaderboard_mid --><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">Vodafone Ghana\u2019s External Affair Director, Gayheart Mensah added that \u201cOur continuous successful partnership with government and the business\u2019s investment in spectrum, infrastructure, products and services and in our staff are proof of Vodafone\u2019s commitment to Ghana\u2026\u201d<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">Indeed, regarding commitment to local partnership, the immediate past Vodafone Ghana CEO, Yolanda Cuba recently said the company is weighing a <\/span><\/span><\/span><\/span><span style=\"color:#222222\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial,Helvetica,sans-serif\">number\u00a0of<\/span><\/span><\/span><\/span><\/span><\/span><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\"> local partnership options, particularly in the 4G space.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"margin-left:0px; margin-right:0px; text-align:start\"><span style=\"font-family:Arial,Helvetica,sans-serif\"><span style=\"color:#222222\"><span style=\"background-color:#ffffff\"><span style=\"color:#000000\">The company initiated a local partnership deal with leading BWA operator, Surfline Communications, but that deal was stalled by the regulator for alleged lack of regulatory framework.<\/span><\/span><\/span><\/span><\/p>\n<p><!-- \/1002554\/Myjoyonline\/mjo-article-leaderboard_mid --><\/p>\n<\/div>\n<p><script async>(function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(d.getElementById(id))return;js=d.createElement(s);js.id=id;js.src=\"http:\/\/connect.facebook.net\/en_GB\/sdk.js#xfbml=1&version=v2.10&appId=1559506714349564\";fjs.parentNode.insertBefore(js,fjs);}(document,'script','facebook-jssdk'));<\/script><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vodafone Ghana says it is not averse to listing on the Ghana Stock Exchange (GSE) for Ghanaians to benefit from the fortunes of the company but it is under no obligation to do so. This was in response to a call by the CEO of GSE, Kofi Yamoah that government should compel Vodafone to list [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":600413,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-605586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vodafone not against listing on Ghana Stock Exchange - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/06\/vodafone-not-against-listing-on-ghana-stock-exchange\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vodafone not against listing on Ghana Stock Exchange - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Vodafone Ghana says it is not averse to listing on the Ghana Stock Exchange (GSE) for Ghanaians to benefit from the fortunes of the company but it is under no obligation to do so. 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