German government invests in Ghana

3 Aug 2012

According to local press reports, Tigo and Vodafone Ghana are among five Ghanaian companies to have benefitted from investment worth USD60 million from DEG, an arm of the German government. ‘Ghana’s private sector is developing very fast and we want to play a role in it, so we have an established office here since 2008 and we are here for the long haul,’ said DEG’s Regional Director for West Africa, Andreas Voss. In addition to its investment in the two telecoms companies, DEG also said it has invested in some tower companies which serve Ghana’s mobile operators, although the names of the companies were not stated.

Ghana, Millicom Ghana (Tigo)