Ministry: local businesses must hold 30% of telcos?

9 Feb 2011

An unconfirmed report from local news portal claims that the government of Ghana is looking to ensure that any company offering telecoms services in the country must be partly owned by Ghanaian nationals. According to a new directive from the Ministry of Communications, a Ghanaian must own at least one-third of such a company wishing to hold a Class One Communications Infrastructure licence from the National Communications Authority (NCA). It also stipulates that one-third of their sub-contracts must also be carried out by indigenous enterprises. Communications Minister Haruna Iddrisu is quoted as saying that the move is designed to break the dominance of international firms in the local industry. ‘Regrettably we’ve already lost all the giant players to foreign players as a result of the huge investments or capital outlay that is required,’ he said.