For the first time in eight years, the alleged sole negotiator of the sale of Ghana’s 70 percent stake in Ghana Telecom to Vodafone Holdings BV, former President John Kufuor has confirmed widely held notion that the then state-owned Telecommunication Company was indeed not sold for the $900m the government had claimed. As if under spell or being haunted by his conscience to reveal what actually went into the sale of GT, former President John Kufuor, who was alleged to have ignored companies offering higher bids for the former state owned company, announced that though GT was sold for the amount mentioned and that $900million cash was duly paid to Ghana; he nevertheless, admitted even if inadvertently, his government actually earned $500million from the deal. Sale of the company in 2006, which is still being challenged in court by three stalwarts of the Convention Peoples Party (CPP), generated huge public uproar with the then biggest opposition party, the National De...
Comments
Post a Comment