Ghana Government Denies Plans to Sell 30% Stake in Vodafone Ghana

The Minister of Communications and Digitization, Mrs. Ursula Owusu-Ekuful, has clarified in Parliament that the Government of Ghana has no intentions of selling its 30% shareholding in Ghana Telecommunications Company Limited, also known as Vodafone Ghana. Mrs. Owusu-Ekuful informed Parliament that Vodafone Ghana, holding 70% of the company, had transferred its stake to the Telecel Group in February 2023.

Responding to a question posed by South Dayi MP Rockson-Nelson Dafeamekpor on December 11, the Minister explained that, according to the shareholders’ agreement, the consent of the minority shareholder (Ghana Government) was not required for Vodafone Ghana, the majority shareholder, to transfer or sell its shareholding in Ghana Telecommunications Company Limited. She emphasized that “consent is not required under the terms of the shareholder’s agreement.”

In a follow-up question regarding the value of the 70% share transferred by Vodafone Group Plc to the Telecel Group, Mrs. Owusu-Ekuful suggested filing a substantive question for further information. She reiterated that the government currently has no plans to sell its shares in Vodafone Ghana Ltd.

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