Haruna Iddrisu demands explanations for Vodafone Ghana, claiming that the company was sold for a fraction of its true value

 

 

Hon. Haruna Iddrisu, the Member of Parliament for Tamale South, has raised concerns and sought transparency from the government regarding the reported sale of Vodafone Ghana for a sum of less than $100 million, despite the company’s estimated worth of $1 billion.

In a parliamentary address, the former Minority Leader disclosed information from his sources indicating that the telecommunication company, which holds an approximate value of $1 billion, has allegedly been sold at a substantially reduced price on a credit basis.

Iddrisu emphasized the necessity for the Minister of Communications, Mrs. Ursula Owusu-Ekuful, to appear before Parliament and provide comprehensive details on the purported transaction.

He urged the House to ascertain the truth behind the alleged sale, emphasizing the significance of such an economic move as per Article 185 of the 1992 Constitution.

In his statement, the Tamale South MP stated, “I want the leader of government business and business committee to program the Hon. Minister for Communications to come and respond to this house whether it is true that Vodafone, a $1 billion asset of the Republic of Ghana, has been sold on credit for less than a $100 million and what the state of that transaction is, as an economic transaction within the meaning of Article 185program992 Constitution.” “And probably to also update this house on the whittling away of Ghana’s telecom landscape and its strength. Minister for Agric you know I don’t speculate, I’m above speculation,” he added.