The Government of Ghana has no plans of selling its 30 per cent shareholding in Ghana Telecommunications Company Limited (Vodafone Ghana), Mrs Ursula Owusu-Ekuful, the Minister of Communications and Digitisation, has informed Parliament.
She said Vodafone Ghana, which holds 70 per cent of the Ghana Telecommunications Company, transferred its stake to the Telecel Group in February 2023.
The Minister made the disclosure on the floor of Parliament on Monday, December 11 in her response to a question by South Dayi MP, Rockson-Nelson Dafeamekpor, who wanted to know from the Minister whether Government has any plans to sell its shares in Vodafone Ghana.
Mrs Owusu-Ekuful noted that under the shareholders agreement, the consent of the minority shareholder (Ghana Government) was not required for Vodafone Ghana (the majority shareholder) to transfer or to sell its shareholding in Ghana Telecommunications Company Limited; saying "consent is not required under the terms of the shareholder's agreement".
Mr Dafeamekpor asked the Minister a follow-up question whether she would be able to tell the House the value of the 70 per cent share that Vodafone Group Plc got in transferring its share in Ghana Telecommunications Company Limited to Telecel Group.
"Mr Speaker, the question was specific, as to whether Government has any plans of selling its shares in Vodafone Ghana Ltd. The answer has also been specific, that (the) Government has no such plans," she said.
"If the Honourable Member requires any further information, I suggest that he files a substantive question to which I will come and give a response. I do not have that information at the top of my head. Thank you, Mr Speaker," she responded.
Latest Stories
-
GWC official dismisses claims of sabotage over uncommissioned Broto Water Project
28 minutes -
Pakistan to nominate Trump for Nobel Peace Prize
2 hours -
Suicide bombing at Damascus church kills 22, Syrian authorities say
2 hours -
Bellingham scores as 10-man Real Madrid beat Pachuca
2 hours -
Three fans die in Algeria football stadium fall
2 hours -
South African engineers freed after two years in Equatorial Guinea jail
2 hours -
FedEx founder and former boss Fred Smith dies aged 80
3 hours -
Bride shot dead in attack on French wedding party
3 hours -
Legon Cities handed transfer ban over unpaid GHC 29,000 compensation to Francis Addo
3 hours -
Alonso says FIFA investigating racial abuse against Rudiger
3 hours -
Rashford would like to play at Barcelona with Yamal
3 hours -
Garnacho posts picture wearing Aston Villa shirt
4 hours -
Premier League contacts Chelsea over Boehly ticket website
4 hours -
Liverpool agree £40m deal to sign Kerkez from Bournemouth
4 hours -
Everton close on deal for Fulham right-back Tete
4 hours