Fact from a reliable source: The primary reason for the sale - TopicsExpress

Fact from a reliable source: The primary reason for the sale of Ghana Telecom at this time was apparently not only the survival of the enterprise, but rather the sustenance of the economy of Ghana. It is interesting to note that the celebrated economist - Mr. Kwame Pianim in an interview with Daily Graphic stated that Ghanas economy needed an injection of $130 million to stay healthy and the sale of 70% of GT shares to Vodafone could provide that critical support, strengthen the macro economy and control inflation, he was quoted as saying that if the Government backed out of the sale they would be finished. This statement has not been denied

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