According to media reports, Telecel’s acquisition of Vodafone Ghana is now seeing two new developments. One calls for future plans, while the other warrants parliament’s role.
Earlier this month, NCA’s announced the transfer of the 70 per cent majority shares in Ghana Telecommunications Company Limited (Vodafone Ghana) held by Vodafone International Holdings B.V. to Telecel Group. This move was received positively by the public and has been seen as a widespread public interest.
There have been now two new developments in Telecel’s acquisition of Vodafone Ghana. First, the CEO of the Telecel Group, Moh Damush, disclosed that the acquisition is part of their plan to grow their business, and eventually, this should lead to them going public in the coming years.
The second development seen in this acquisition is related to Sam George, a minority spokesperson on the Ghanaian Parliament Communications Committee. Sam George has demanded that the government submit the proposed acquisition to the parliament for scrutiny and deliberation.
Sam George said that according to Ghana’s laws, international agreements must be discussed and approved by the parliament first.
George said, “Parliament needs to approve any international transaction based on the Constitution. The NCA has given conditional approval for the conversations to start. However, the deal has not been consummated yet.”
What remains to be seen is how the acquisition will unfold. Although Telecel has reported this move to be in the vested interest for their future, the Ghananian spokesperson speaks about following the due diligence of parliamentary procedures.