The Minority in Parliament has demanded an immediate suspension of the ongoing restructuring process between AT Ghana and Telecel Ghana, warning that the deal risks undermining Ghana’s strategic interests if allowed to proceed without parliamentary scrutiny.
The opposition caucus insists that the government must place transparency and accountability above expediency, describing the planned transaction as one that goes beyond commercial convenience.
Speaking at a press briefing in Accra, Ranking Member on the Communications Committee, Hon. Matthew Nyindam, said the Minority views the restructuring process as a matter of national importance rather than a simple business arrangement. He argued that the transaction could jeopardise a strategic national asset if not properly handled through Parliament.
“This is not merely about the sale of a company. It is about protecting national institutions that have served Ghana diligently, nurtured some of the finest talents in the industry, and proved their strategic importance in moments of national crisis”
Hon. Matthew Nyindam, Ranking Member on Parliament’s Communications Committee
Hon. Nyindam stressed that any decision regarding the future of AT Ghana must receive parliamentary approval and public disclosure, explaining that Parliament’s oversight role was critical in preventing state assets from being transferred without proper justification.
The Minority called for a complete halt to the consolidation process, and for the government to make public all relevant documents, including transaction advice from AFROTEX/Rektron, which was contracted to evaluate the “highest and best use” of AT Ghana.
The caucus is also demanding a comprehensive parliamentary investigation into the transaction, full disclosure of all related correspondence and reports, and a thorough financial assessment to determine AT Ghana’s debt levels and operational challenges.
“We must act decisively to ensure that AT remains in the hands of Ghanaians and continues to serve customers of our digital and economic future,” Hon. Nyindam urged..
The Minority maintained that there are viable alternatives to the current restructuring plan, pointing to Afrotel’s readiness to invest in AT Ghana. Hon. Nyindam noted that Afrotel had expressed willingness to provide capital that would strengthen the company’s efficiency and operations.
“There’s no need to reinvent the wheel,” he said, adding that the government must consider credible proposals that sustain Ghanaian ownership and management of AT Ghana rather than rushing into deals that could compromise sovereignty over national telecommunications infrastructure.
Nature of Transaction
Responding earlier to public concerns about the deal, the Minister of Communication, Digital Technology, and Innovations, Hon. Samuel Nartey George, recently clarified that the ongoing process is neither a merger nor an acquisition.
Hon. George described the restructuring as a response to extraordinary operational challenges facing the telecom sector. “We are dealing with a force majeure situation, and the recommendations from the transaction advisor will lay out a clear path for government consideration” he explained.
According to the Ministry, the restructuring seeks to combine AT Ghana and Telecel Ghana into a stronger, more resilient telecommunications company capable of competing effectively in the market.
Hon. George assured stakeholders that no jobs would be lost, and customer interests would remain fully protected throughout the process.
Accountability at Stake
Despite these assurances, the Minority insisted that the process lacks adequate transparency.
Hon. Nyindam stressed that the government’s handling of the transaction had created unease among stakeholders and the public, warning that rushing the process could have long-term repercussions.
“AT Ghana represents a national institution with deep roots in Ghana’s technological history, and any changes to its ownership structure must be handled with the highest level of transparency”
Hon. Matthew Nyindam, Ranking Member on Parliament’s Communications Committee
The Minority’s position reflects growing concern about the perceived trend of transferring control of strategic national assets to foreign entities without sufficient parliamentary or public input.
The caucus has also urged the government to explore proposals, such as the $150 million investment offer from Canadian firm Rektron, to improve AT Ghana’s operations and ensure sustainability under Ghanaian control.
The Ministry of Communication, Digital Technology, and Innovations, however, maintains that its decisions are guided by professional advice and aimed at safeguarding national and consumer interests.
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