Ghana: Presidential Candidate vows to review Vodafone deal

In a strongly worded statement, Dr. Paa Kwasi Nduom the CPP flagbearer said said the CPP will take a holistic look at the agreement to ensure that the best interest of the country is served.

“To Vodafone I say buyer beware! Know where are you are. Know what you are buying. Know the people who have opposed this deal and the reasons why they did. Also know that when a CPP government comes into power it would review the whole agreement to ensure the protection of the Ghanaian interest.”

At a press conference in Accra on Monday, Dr. Nduom said the next CPP government will unbundle the fibre optic entity from the agreement, and make it a government owned facility, which will then be opened for partnership to all the other telecommunications companies in the country.

Vodafone this week completed the acquisition of a 70 percent stake in Ghana
Telecommunications Company Limited (”Ghana Telecom”) for a total of US Dollar 900 million (Pound Sterling 483 million) on a debt-free, cash-free basis.