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The Minority in Parliament has cautioned investors, especially foreign entities, against attempting to acquire AirtelTigo without proper Parliamentary approval. They argue that any such takeover would constitute an international agreement, necessitating oversight from Parliament.
Deputy Ranking Member on the Communications Committee, Samuel Nartey George, emphasized that the Communications Minister must present any potential deal regarding AirtelTigo to Parliament promptly. He warned foreign investors to proceed cautiously, as any agreement made without Parliamentary approval would be deemed invalid by Ghanaian courts.
George stressed the importance of adhering to Ghana's laws, comparing the situation to buying stolen goods. He stated that if a state asset like AirtelTigo is being sold to an international company, it must be approved by Parliament.
Additionally, concerns were raised about AirtelTigo's significant debt, including nearly GH₵200 million owed to a tower company in Ghana. George questioned the implications for this debt in the event of a sale and whether taxpayers would be burdened with it.
He emphasized the necessity for Parliament to scrutinize any potential deal to sell AirtelTigo, especially considering its financial issues and substantial debts exceeding $100 million. George raised questions about whether the liabilities would be transferred to the buyer or remain with the company, highlighting the importance of clarifying these aspects before proceeding with any sale.
Source: cometodaddy.xyz
