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Ras Mubarak schools Ursula Owusu on AirtelTigo deal

Ras Mubarak schools Ursula Owusu on AirtelTigo deal

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.

 “Please ask Sam George where he heard that. Then Sit back and listen to long, English grammar and drama…. just keep your eyes on the ball. How much did we pay to acquire the company? 1 dollar, Simple!,” Mrs. Owusu-Ekuful had said in a Facebook post.

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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