Vodafone to sell stake in Ghana operations to Telecel

01 August 2022

British MNO Vodafone has agreed a sale of its operations in Ghana to Telecel Group, as the former looks to focus more on key markets

Vodafone entered Ghana in 2008 when it paid the west African county’s government US$900m for a 70% holding in Ghana Telecommunications, with the government retaining a 30% stake in the business.

A Vodafone spokesperson confirmed to Bloomberg that the Ghana unit will sold to Telecel once certain conditions are met.

Telecel is expected to fund the acquisition by later offloading the Ghana business’s mobile towers.