Vodafone Ghana

Vodafone Ghana
Private
Industry Telecommunication
Predecessor Ghana Telecom
Founded 1974
Headquarters Accra, Ghana
Key people
 Yolanda Cuba, CEO
Products

Fixed Line Telephone

Mobile Phone

Broadband
Revenue US$ 1.2 billion (2006)
Number of employees
 4,000 (2006)
Website www.vodafone.com.gh

Vodafone Ghana, formerly Ghana Telecom, is the national telecommunications company of Ghana. The company in Ghana operates under Vodafone Group Plc - the world's leading mobile telecommunications company, with a significant presence in Europe, the Middle East, Africa, Asia Pacific and the United States.[1]

As of April 2016, it had around 7,976,348 mobile voice subscribers, representing 21.92% of the Ghanaian market shares.[2]

Vodafone - Ghana Telecom Deal

On 3 July 2008 it was announced that Vodafone had agreed to acquire 70% of Ghana Telecom from the Ghanaian government at a cost of US$900 million and a total enterprise value of approximately US$1.3 billion.[3]

After the transaction closed, Vodafone had a 70% stake in the company, while the Ghanaian government retained a 30% stake. The acquisition was consummated on 17 August 2008.[4]

The sale was supported by president John Agyekum Kufuor but strongly opposed by the opposition party which would win the presidential elections a few months later. The new president John Atta Mills, head of the National Democratic Congress party (NDC) also launched an investigation into the deal after being elected president a claiming that the government "did not get value for money".[5]

Despite these claims, Vodafone a few months later would write down the value of its stake in Ghana Telecom by £250m as the economic climate worsened, damaging the business's prospects.[5]

On 15 April 2009, Ghana Telecom, along with its mobile subsidiary OneTouch, was rebranded as Vodafone Ghana.[6]

In 2016, Vodafone Ghana was the country's second largest operator with a market share for April 2016 as 21.92% and 25.32% of data behind African communications giant MTN Ghana.[7]

Philanthropy

Vodafone Ghana was recognized as the top Philanthropic and Health Support Institution by Media Men Ghana at the 2017 People's Choice Practitioners Honours.[8]

The company, in collaboration with British Council, established the Vodafone Scholar Project which will provide full and partial scholarships to female high school and undergraduate students studying STEM (Science, Technology, Engineering and Mathematics) subjects who don’t have the financial means to pursue continued study.[9]

In 2016, Vodafone made a ground-breaking deal with Kwame Nkrumah University of Science and Technology (KNUST). In the GHS14m agreement spanning five years, the company will provide an enhanced high speed internet and Wi-Fi connectivity to all faculties across the University’s campuses in Ghana.[10]

See also

References

  1. ↑ "About Vodafone Ghana". Vodafone Ghana.
  2. ↑ "Telecom subscription trends for April 2016".
  3. ↑ "Acquisition of a 70% Stake in Ghana Telecom". www.vodafone.com. Retrieved 2016-07-28.
  4. ↑ Wray, Richard (2008-07-03). "Vodafone buys 70% stake in Ghana mobile firm". the Guardian. Retrieved 2018-03-22.
  5. 1 2 Wray, Richard (2009-10-14). "Vodafone's Ghana Telecom deal labelled 'illegal'". the Guardian. Retrieved 2016-07-28.
  6. ↑ "GT rebranded to vodafone". Modern Ghana. Retrieved 2018-03-22.
  7. ↑ Appiah, Stephen (April 2016). "Telecom subscription trends for April 2016". National Communication Authority, Ghana.
  8. ↑ http://www.ghananewsonline.com.gh/2017/04/prof-frimpong-boateng-okyeame-kwame-others-honoured-at-pcp-honours/
  9. ↑ "Increasing female engagement in STEM in Ghana | British Council". www.britishcouncil.org. Retrieved 2018-03-22.
  10. ↑ "Vodafone, KNUST strike ground-breaking partnership - citifmonline.com". citifmonline.com. 2016-08-11. Retrieved 2018-03-22.
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