<\/p>\n
The Minister for Communication and Digitalisation,\u00a0Ursula Owusu-Ekuful, has refuted claims that the government has sold its 30% shares in Vodafone Ghana.<\/p>\n
Categorically addressing the question, Ursula said, \u201cMr Speaker, the Government of Ghana has no plans of selling its thirty percent (30%) shareholding in the Ghana Telecommunications Company Limited.<\/p>\n
\u201cVodafone Ghana transferred its seventy percent (70% stake in the company to the Telecel Group in February 2023.\u201d<\/p>\n
The minister\u2019s explanation follows a question posed by the Member of\u00a0Parliament\u00a0for South Dayi, Rockson-Nelson Defeamekpor, on whether the government has any plans to sell its shares in Vodafone Ghana.<\/p>\n
The National Communications Authority (NCA) has given the final approval for the transfer of the 70 percent majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited) held by Vodafone Group Plc to Telecel Group.<\/p>\n
In a release on February 21, 2023, the National Communications Authority (NCA) explained that the final approval follows \u201csatisfaction of conditions outlined in the conditional approval of the shares transfer, including the agreement of the Government of Ghana, who remains the 30% minority shareholder.\u201d<\/p>\n
It will be recalled that the NCA had announced on January 16, 2023, that pursuant to the evaluation of the revised proposal from the Telecel Group, it had granted conditional approval for the transfer of the 70 percent majority shares in Vodafone Ghana held by Vodafone Group Plc (the Seller) to Telecel Group (the Buyer) subject to concessions made by the Seller and representations made by the Buyer to the NCA.<\/p>\n
It said the regulator will continue to guide the takeover process in accordance with the existing license conditions of Vodafone Ghana, while ensuring that the interests of consumers are held paramount.<\/p>\n