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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

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    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

    Unilever Ghana PLC remains upbeat about future growth prospects

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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Telecoms analyst questions government’s rationale for takeover of AirtelTigo

byEllen Dapaah
November 2, 2020
in Business, News, Top Stories
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A telecoms expert, Fouad Chalabi has questioned the government’s move to take over the shares of AirtelTigo.

Government confirmed the take over last week stating that the deal has reached advanced stages.

The proposed deal would result in the government of Ghana acquiring 100 percent shares of AirtelTigo, along with all its customers, assets and agreed liabilities.

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According to the government, the decision is aimed at protecting jobs and safeguarding the interest of stakeholders of AirtelTigo which has some 5.1 million customers.

But Mr. Chalabi believes the government will not benefit from this move.

“I don’t understand the need for buying an operator at this stage, especially that this is not an operator that is making profit. I believe that this will send a bad signal for many industries, [making them think that] they can be in an environment where no matter how bad they can perform, the government will come in and help them. Maybe the move from government is to save jobs, but we are in a liberal open market. With the dynamics of the market and how things are happening, I don’t have any reason why I would go as a government to buy an operator.”

AirtelTigo is a joint venture between Bharti Airtel and Millicom International Cellular SA wherein Airtel holds a non-controlling 49.95% share in AirtelTigo.

Airtel had merged its operations in Ghana with Millicom in 2017, resulting in the second largest mobile carrier in the country.

The merger was approved by the National Communications Authority subject to the condition that the government will have the option to pick up a stake in the new entity in future.

But the joint venture has over the years, fallen behind MTN and Vodafone.

 

 

 

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Ghana has the 4th cheapest average cost of internet in Africa – Statista

Africa’s internet economy to cross $180 billion by 2025: Report

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