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Former MP, George Andah commends Govt’s acquisition of AirtelTigo

A former Deputy Minister for Communications, George Andah, has commended government’s move to take over AirtelTigo.

In October 2020, Airtel and Millicom announced that they were exiting the Ghanaian market.

On the back of this, the government and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V. and MIC Africa B.V concluded negotiations and signed an agreement to transfer the shares of the company to Ghana.

But Mr. Andah, in an interaction with Duke Mensah Opoku on Citi TV’s parliamentary affairs program, The Chamber, gave reasons why the move was a step in the right direction.

“I think there’s no doubt that the Minister for Communications and Digitalization and the government took the right decision. And the government takeover of AirtelTigo was done in a very smooth way. I believe that the industry still has significant opportunity, depending on proper technological support, proper management direction, an enabling regulatory framework supported by good policies from the government to drive growth areas, the mobile financial services sector or the financial services sector,” he assessed.

When questioned on whether the government had learnt any lessons from non-successful takeovers of companies in previous years, he expressed his confidence in the success of this takeover.

“There are a lot of positive stories to show that it is not a rule that once government touches an organisation, that organisation runs down. I think it’s a matter of putting in place the right environment and making sure that you have the right leadership there.”

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Source
CitiBusiness News

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