The Committee that reviewed the sale of 70% shares of GT to Vodafone has made seven recommendations to government including renegotiation of the sale and purchase agreement(SPA).
The committee amongst its findings also faulted the former President, John Kufuor, for interfering in the transaction, describing his action as “highly irregular, unconventional and did not rely on expert advice”.
The committee noted that the SPA was negotiated in an inelegant manner by Government, which gave everything and took nothing in the context of the inequalities in bargaining power that were allowed to prevail.
A released signed by Dr Valerie Sawyerr, Deputy Chief of Staff on Thursday said government has taken note of the Committee’s findings and recommendations, and will soon make public its position on the recommendations.
“We however wish to assure all Ghanaians that we remain committed to our promises and pledge to ensure that any transaction that purports to transfer any part of any asset belonging to Ghana, as in this case GT, to another entity must take full cognisance of and be consistent with the spirit and letter of the laws of Ghana, set guidelines and procedures. Ultimately, any such transaction must deliver to Ghanaians value for money.”
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