Accra, April 28, Ghanadot - Barely a week after the launch of Vodafone Ghana, the Minister of Communication, Mr Haruna Iddrisu has revealed that, the government has set up a five member committee to review the sale of Ghana Telecom (GT) to Vodafone.

The Minister said, the review was to ensure transparency and also to fulfill the NDC's campaign pledge of reviewing the sales agreement.

It should be noted that the National Democratic Congress promised in its manifesto to investigate the sale of GT to Vodafone when it assumes power.

Meanwhile, Mr Fred Opare Ansah, the immediate past deputy Minister of Communication said, the review of GT sale should not be news to anybody since the NDC party, now in government, had already raised the issue in its manifesto.

The Communication Minister made his statement during a meeting with the Mangers of the British telecommunication giant.

The committee Mr Haruna said, would investigate the transaction which pave the way for Vodafone to buy 70% shares of Ghana Telecom for 900 million dollars.

According to the Minister, the committee would look out for the indemnity clause in the sales agreement which insulates individuals involved in the deal from prosecution and it would consider whether there were better offers that were ignored by the previous administration.

Also to be considered by the committee is the inclusion of the National fibre optic backbone in the sale agreement, an infrastructure which the current government thinks should remain a national asset. It would also touch on the decoupling of Ghana Telecom University from Vodafone Ghana.

Also, the committee would consider the huge liability of GT prior to the sale and why those liabilities were not declared during the sale. It would also review the labour rationalization package that requests workers to voluntarily resign.

He however cautioned the government to tread cautiously in the review of the sales agreement.

"There is nothing wrong with the review but it should be done with care so that the investor community would not loose confidence in the country" he warned.

Ghanadot

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