Telecel Group closed acquisition of Vodafone Ghana
Telecel Group has announced its acquisition of a 70% stake in Vodafone Ghana.
Telecel has purchased the telco's 70% interest in Vodafone Ghana. The state will retain control of the remaining 30% of the business. After this acquisition, Telecel Group provides innovative offerings to new subscribers, businesses, and communities in Ghana.
Vodafone Ghana and its three subsidiaries, National Communication Backbone Company Limited (Vodafone Wholesale), Vodafone Ghana Mobile Financial Services Ltd (Vodafone Cash), and the Vodafone Ghana Foundation, will carry on as usual. Vodafone had over 7.3 million subscribers in Ghana up until June 2022.
Country updates
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August 16, 2022
Construction works started for multimillion road project in Ghana
The Ministry of Roads and Highways in Ghana has commenced rehabilitation works for the 23 km long road connecting Dome, Greater Accra, Ghana to Kitase in Eastern Region, Ghana.
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May 31, 2022
Financial close for Maternity Block of Korle-Bu Teaching Hospital PPP project in Accra
The Ministry of Finance in Ghana has reached financial close for the Korle-Bu Teaching Hospital- Maternity Block concession located in Greater Accra. The hospital will feature 12-story 400-bed materni...
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November 19, 2021
Ghana plans to select private partner for Keta Seaport PPP
The Government of Ghana is moving forward with the Keta Seaport project and planning to select a strategic partner for its development. As a way of financing the project, the Public-Private Part...
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November 02, 2021
AfDB approves US$75 million loan to Ghana's sovereign wealth fund GIIF
The African Development Bank (ADB) has approved a US$75 million commercial loan to the Ghana Infrastructure Investment Fund (GIIF). The loan will enable the Ghanaian state-owned GIIF to efficie...
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July 02, 2021
Financing secured for Lot 1 of Eastern corridor PPP in Ghana
The Government of Ghana has secured a Social Loan financing of EUR280 million (US$331.81 million) from Standard Chartered Bank aimed to develop a section of the Eastern Corridor road. With the ai...
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