Former Kumbungu lawmaker, Ras Mubarak has raised concerns about the transaction between the Government of Ghana and AirtelTigo.
He raised the concerns In a Facebook post reacting to a comment made by Communications Minister Ursula Owusu-Ekuful that the AirtelTigo deal did not cost the government $25 million.
Ursula had said in a Facebook post that “Some people find it very difficult to believe we can negotiate good deals for government. I signed the AirtelTigo contract. We acquired it for just a dollar.
“Someone, an MP, says he heard me say we paid $25 million. A barefaced lie…. blatant untruth.
But Ras Mubarak reacted by saying “Hon Ursula Owusu, the fact is, Airtel Tigo has huge liabilities (debt) in its books. If someone sold a company to the government at $1 as you say, but the company owes or has liabilities of $50million, you clearly couldn’t have bought it for a dollar, without taking into account the liabilities. The question is, how much does AirtelTigo owe? Do you mean the government bought It @ $1 per share? What assets does AitelTigo have?”
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