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Minority seeks clarification from Vodafone on GT
sale
Accra, June 29, Ghanadot/GNA– Mr Iddrisu Haruna, Ranking
Member of Communications in parliament, on Sunday requested
Vodafone P.L.C, U.K. to confirm and clarify its position in
the transaction with the government of Ghana to divest Ghana
Telecom (GT) to it.
In a signed letter dated June 27 to Vadafone and copied to
Ghana News Agency, Mr Haruna, who is also the MP for Tamale
South said, “Officials of the Government of Ghana have
recently named Vodafone P.L.C., U.K. as a party to the
on-going negotiations to acquire a significant majority of
Ghana Telecom shares.”
He said, “I am writing to you to: Confirm the position of
Vodafone U.K. in the transaction to divest Ghana Telecom and
to seek clarification from you on the interest of Vodafone,
U.K. in the divestiture of the Ghana Telecom.”
Mr Haruna said, “Any additional information that you may be
inclined to share with us concerning the structure,
execution and processing of this divestiture transaction
between the Government of Ghana (acting on behalf of the
Ghana Telecom), and Vodafone PLC U.K. will be greatly
appreciated.”
Dr. Anthony Osei Akoto last week during a press interaction
noted that, the privatization of GT was to end next week,
and that the completion would help enhance divestiture
receipts to close the gap that had been created by the
relief measures announced by President John Agyekum Kufuor
last month.
He said a prospective company had been found to take over GT
from the beginning of next month and that “It wasn’t true
that investors were shying away because of the bidding
price”.
Mr Benjamin Ntim, Minister of Communications had told
Parliament last week that negotiations for the process to
privatise the Ghana Telecommunication Company (GT) were to
close by the end of June 2008.
Answering questions on the floor of the House, Mr Ntim said
government owned 100 percent shares in the company, but the
shares would be floated on the Ghana Stock Exchange, when
privatized.
The Government of Ghana in 2006 took a decision to privatize
GT and Westel, a sister telecommunication company, within a
two-year period through the sale of its shares in the two
companies.
GNA
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