Minister for Communications, Digital Technology, and Innovations Samuel Nartey George has denounced those responsible for managing the AirtelTigo transaction, labeling them “enemies of the state”. Apexnewsgh reports
The telecommunications company, burdened with a staggering GHC3.5 billion debt, was sold for a mere one dollar, raising concerns over the decision’s financial implications.
Speaking to journalists in Parliament on Monday, March 24, George questioned the patriotism of those who oversaw the process, highlighting the significant financial liabilities inherited by the state. “Those who managed the AirtelTigo process are enemies of our state and individuals who have no sense of patriotism,” he stated.
The Minister revealed that discussions with the American Embassy brought to light concerns over AirtelTigo’s financial liabilities, particularly a GHC1.5 billion debt owed to the American Tower Company (ATC). “The debt sitting on the books of AirtelTigo exceeds GHC3.5 billion.
So, if someone told you that they bought it for one dollar, who is going to pay the GHC1.3 billion that is sitting there and accumulating interest?” he questioned.
George’s remarks have reignited debate over the deal’s transparency and the government’s long-term strategy for reviving the struggling telecom sector. The AirtelTigo takeover was finalized in November 2021, when Bharti Airtel and Millicom International Cellular SA (Tigo) transferred 100% ownership to the Government of Ghana.
Source: Apexnewsgh.com
