See also:
» 02.12.2010 - Google to compete with Ghana media
» 18.02.2010 - Ghana to host second IMF’s West African Centre
» 22.01.2010 - Ghana hosts Africa Investment Forum
» 11.05.2009 - Ghana and Burkina Faso sign fibre optic networks agreement
» 18.11.2008 - Globacom to service Ghanaian market
» 02.07.2008 - Vodafone to seal US$ 960m Ghana deal
» 11.10.2007 - Rwanda hosts Connect Africa Leaders’ Summit
» 06.07.2007 - Ghana to introduce automated banking

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Technology | Economy - Development

Parliament approves Ghana's Telecom handover

afrol News, 15 August - Parliament has approved an agreement between government, Vodafone and Ghana telecommunication by majority of 124 votes over 74 for a private equity takeover.

The agreement is for sale of 70 per cent of Ghana Telecom to Vodafone UK for an amount of 900 million US dollars.

The debate which was heated between majority and minority side of the house was led by Mr Adu Mante, Chairman of Finance Committee and Mr Kojo Armab Chairman of Communications Committee. Debates were mainly on argument that the agreement does not value $900 million deal which gives Vodafone UK 70 per cent shares, saying it was very cheap.

Minority side further said were against the entire process because it was not transparent, while majority members argued it was best for the country and could lift the country's mobile technology to higher levels.

Ghana Telecom (GT) is the country's third largest mobile phone firm with 1.4 million customers as well as mobile interests, employs 4000 staff, and has a monopoly over fixed line services.

The state company is however said to be unprofitable and running debts of around $400m.

The coming in of Vodafone is said to have in the pipeline plans to boost Ghana Telecom's share of the mobile market to 25 per cent from its current 17 percent and invest $500m to expand network coverage.

There are 2.7 million mobile subscribers in Ghana, although overall mobile penetration per head of the population in west African country remains low at 35 per cent.

Some members of parliament are said to have left chamber before voting took place, protesting the deal as corrupt and unprocedural.

The special sitting of parliament ended after today's proceedings and members are expected to carry on work on 7 October 2008.

Vodafone already owns half of Vodacom, leading mobile business in South Africa, Tanzania, Lesotho and Democratic Republic of Congo.

- Create an e-mail alert for Ghana news
- Create an e-mail alert for Technology news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at