Vodafone to invest USD700m in Ghana

11 May 2009

UK-based mobile group Vodafone intends to invest up to USD700 million in the development of telecoms networks and services in Ghana, Sir John Bond, chairman of the company has announced, as quoted by Ghana Business News. It is understood the planned investment formed a key part of discussions as a recent London meeting between top Vodafone officials and a Ghana government delegation, led by President John Evans Atta Mills, which ended on Friday. In what is being described as a ‘very constructive’ series of meetings, Sir John Bond said the Mills’ administration, which had threatened to go to court over the sale and purchase agreement of Ghana Telecom (GT), signed with the previous government, was open to the idea of seeking ‘non-legal means’ in order to come to an agreement that is ‘pleasing to both sides’.

Ghana, Vodafone Ghana, Vodafone Group