Minister of Communication and Digitalization, Ursula Owusu-Ekuful, has denied rumors that the government has sold its 30% stake in Vodafone Ghana.
“Mr. Speaker, the Government of Ghana has no plans to sell its thirty percent (30%) shareholding in the Ghana Telecommunications Company Limited,” Ursula responded categorically to the question. Vodafone Ghana transferred its seventy percent (70% stake in the company to the Telecel Group in February 2023.”
The Minister Clarifies Government’s Stance on Vodafone Ghana Shares Transfer
The minister’s clarification comes in response to a query from the Member of Parliament for South Dayi, Rockson-Nelson Defeamekpor, who inquired about the government’s intentions regarding the sale of its shares in Vodafone Ghana.
The National Communications Authority (NCA) has granted the ultimate approval for the transfer of the 70 percent majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited) from Vodafone Group Plc to Telecel Group.
In a release on February 21, 2023, the National Communications Authority (NCA) explained that the final approval follows “satisfaction 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.”
On January 16, 2023, the National Communications Authority (NCA) had announced its conditional approval for the transfer of the 70 percent majority shares in Vodafone Ghana from Vodafone Group Plc (the Seller) to Telecel Group (the Buyer).
The approval was granted following an evaluation of the revised proposal from the Telecel Group. The conditions included concessions from the Seller and representations made by the Buyer to the NCA.
The regulator emphasized its commitment to overseeing the takeover process in alignment with Vodafone Ghana’s existing license conditions, ensuring that consumer interests remain a top priority.