• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • World
Sam George sacks NCA’s Director of Cyber Security

Sam George criticizes AirtelTigo’s $1 acquisition, exposes the company’s GH₵3.5 billion debt

25 March 2025
Gov’t Orders Diesel Price Cut By GH¢2 Per Litre

Gov’t Orders Diesel Price Cut By GH¢2 Per Litre

3 August 2026
Mahama Lands in Jamaica for Four-Day State Visit

Mahama Lands in Jamaica for Four-Day State Visit

3 August 2026
Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced

Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced

2 August 2026
‘Nothing Is More Important Than Safety’ – Shatta Wale’s Management Explains ShattaFest UK Cancellation

‘Nothing Is More Important Than Safety’ – Shatta Wale’s Management Explains ShattaFest UK Cancellation

2 August 2026
Transparency International Ghana Equips Journalists with Skills to Strengthen Defence Integrity Reporting

Transparency International Ghana Equips Journalists with Skills to Strengthen Defence Integrity Reporting

2 August 2026
KNUST Ushers in New Era as Professor Christian Agyare Invested as 13th Vice Chancellor

KNUST Ushers in New Era as Professor Christian Agyare Invested as 13th Vice Chancellor

2 August 2026
FIFA Backs Down on World Cup Investment Plan After Backlash

FIFA Backs Down on World Cup Investment Plan After Backlash

1 August 2026
Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

Energy Sector Levies Amendment Bill Passed; Fuel Oil Levy Rises From GH¢0.24 to GH¢1.93

31 July 2026
NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

NPP Declares August 6 Protest Over Sedina Tamakloe’s Acquittal

31 July 2026
Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches

Chelsea Fined £10m, Handed Suspended Two-Window Transfer Ban Over FA Breaches

31 July 2026
11 Children Injured After Tipper Truck Rams School Bus Near Accra Mall

One Child Confirmed Dead After Tipper Truck Rams Into School Bus on N1 Highway

31 July 2026
AFC Joins UEFA, CONCACAF to Reject FIFA World Cup Investment Move

AFC Joins UEFA, CONCACAF to Reject FIFA World Cup Investment Move

31 July 2026
ADVERTISEMENT
  • Advertise
Monday, August 3, 2026
abcnewsgh
  • Home
  • News
  • Politics
  • Business
  • Sports
No Result
View All Result
abcnewsgh
No Result
View All Result
Home News

Sam George criticizes AirtelTigo’s $1 acquisition, exposes the company’s GH₵3.5 billion debt

by Newsroom
25 March 2025
in News
0
Sam George sacks NCA’s Director of Cyber Security
37
VIEWS
ShareTweetSendSend

The Minister for Communications, Digital Technology, and Innovations, Samuel Nartey George, has strongly condemned the handling of the AirtelTigo transaction, branding those responsible as “enemies of the state” for their role in what he describes as a financially reckless deal.

His comments come in the wake of shocking revelations that the telecommunications company, which carried a staggering GH₵3.5 billion debt, was transferred to the government for a mere one dollar. Speaking to journalists in Parliament on Monday, March 24, 2025, the Minister expressed deep concerns over the financial obligations inherited by the state, particularly the GH₵1.5 billion debt owed to the American Tower Company (ATC).

“Those who managed the AirtelTigo process are enemies of our state and individuals who have no sense of patriotism. So for anybody to have told us that they bought AirtelTigo for 1 dollar, and now that we have taken over the ministry, ATC has presented us with a bill of 1.5 billion Ghana Cedis,” Sam George stated.

He further disclosed that discussions with the American Embassy had revealed even greater financial distress linked to the transaction.

“The debt sitting on the books of AirtelTigo exceeds 3.5 billion Ghana Cedis. So if someone told you that they bought it for 1 dollar, who is going to pay the 1.3 billion that is sitting there and accumulating interest?” he questioned.

The controversial AirtelTigo takeover was finalized in November 2021, when Bharti Airtel and Millicom International Cellular SA (Tigo) handed over 100% ownership to the Government of Ghana. The deal was justified by the then Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, who defended the acquisition, stating, “We acquired it for just a dollar.”

However, Samuel Nartey George has vowed to provide Parliament with a comprehensive briefing on the financial burden and alleged mismanagement surrounding the transaction. His remarks have reignited debate over the deal’s transparency and the government’s long-term strategy for reviving the struggling telecom sector.

Tags: AirtelTigoNDCSam George
ShareTweetSendSend
Newsroom

Newsroom

Related Posts

Gov’t Orders Diesel Price Cut By GH¢2 Per Litre
Business

Gov’t Orders Diesel Price Cut By GH¢2 Per Litre

3 August 2026
Mahama Lands in Jamaica for Four-Day State Visit
News

Mahama Lands in Jamaica for Four-Day State Visit

3 August 2026
Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced
News

Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced

2 August 2026

Recent Posts

  • Gov’t Orders Diesel Price Cut By GH¢2 Per Litre 3 August 2026
  • Mahama Lands in Jamaica for Four-Day State Visit 3 August 2026
  • Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced 2 August 2026
  • ‘Nothing Is More Important Than Safety’ – Shatta Wale’s Management Explains ShattaFest UK Cancellation 2 August 2026
  • Transparency International Ghana Equips Journalists with Skills to Strengthen Defence Integrity Reporting 2 August 2026
  • Trending
  • Comments
  • Latest
PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

18 July 2024
China displeased with Ghana media misreporting of IMF deal

China displeased with Ghana media misreporting of IMF deal

25 May 2023
Bawumia declares 2024 presidential bid

Group picks up NPP’s flagbearership forms for Bawumia.

26 May 2023
LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

12 September 2024
2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2
Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

1
‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

1
Bawumia launches local streaming platform Ghana Music Xperience

Bawumia launches local streaming platform Ghana Music Xperience

1
Gov’t Orders Diesel Price Cut By GH¢2 Per Litre

Gov’t Orders Diesel Price Cut By GH¢2 Per Litre

3 August 2026
Mahama Lands in Jamaica for Four-Day State Visit

Mahama Lands in Jamaica for Four-Day State Visit

3 August 2026
Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced

Fire Guts Wa Islamic SHS Girls’ Dormitory Leaving Students Displaced

2 August 2026
‘Nothing Is More Important Than Safety’ – Shatta Wale’s Management Explains ShattaFest UK Cancellation

‘Nothing Is More Important Than Safety’ – Shatta Wale’s Management Explains ShattaFest UK Cancellation

2 August 2026
abcnewsgh

Copyright © 2026 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports

Copyright © 2026 ABCNewsGH.