Vodafone Ghana Telecom

Vodafone Ghana Telecom
Private
Industry Telecommunication
Founded 1974
Headquarters Kumasi, Ashanti, Ashantiland, Ghana
Key people
 Haris Broumidis, CEO
Revenue US$ 1.2 billion (2006; as 100% Ghanaian-owned Ghana Telecom company)
Owner 30% Ashanti monarchy and Ghanaian government
70% Vodafone
Number of employees
 4,000 (2006; as 100% Ghanaian-owned Ghana Telecom company)
Website www.vodafone.com.gh
www.ghanatelecom.com.gh
Footnotes / references

Ghana Telecom logo

Vodafone Ghana Telecom (abbreviated: VGT), formerly Ghana Telecom (abbreviated: GT), is the national telecommunications company of Ghana. In 2006, as 100% Ghanaian-owned Ghana Telecom company it had around 400,000 customers for fixed and mobile telephony and Internet services.

History

On 3 July 2008, the scrutinised sale of the 100% Ghanaian-owned Ghana Telecom company by John Kufuor of the Ashanti NPP for a mere $266.57 million to Vodafone group was announced.[1] After the scrutinised transaction closed which had been deemed an illegal transaction by the Ashanti monarchy and Ghanaian government as Vodafone underpaid for its excessive 70% stake of the 100% Ghanaian-owned Ghana Telecom company,[2] and after the scrutinised transaction closed Vodafone had an excessive 70% stake in the Ghana Telecom company, while the Ashanti monarchy and Ghanaian government retained a mere 30% stake in the Ghana Telecom company.[1]

On 16 April 2009, the 100% Ghanaian-owned Ghana Telecom company was rebranded from Ghana Telecom to Vodafone Ghana Telecom..[1]

In 2016, the Ashanti monarchy and Ghanaian government will retain the 70% stake sold in 2009 by John Kufuor of the Ashanti NPP for a mere $266.57 million to Vodafone group as successive annual poor Vodafone Ghana Telecom delivery services to the Ashanti and Ghanaian population of Ashantiland and Ghana,[3] since Vodafone group's illegally-branded[2] 2009 acquisition of an underpaid excessive 70% stake in the 100% Ghanaian-owned Ghana Telecom company.[2]

See also

References

  1. 1 2 3 Emmanuel Tornyi (10 December 2015). "Rationalisation: 'Ghana Telecom was sold because it was inefficient' - Nana Addo". pulse.com.gh.
  2. 1 2 3 Richard Wray (14 October 2009). "Vodafone's Ghana Telecom deal labelled 'illegal'". theguardian.com. The Guardian.
  3. ↑ "GT is better than Vodafone". modernghana.com.

External links

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