GHANA TELECOM THREATENS BIG JOB LOSSES IF INTERNATIONAL MONOPOLY BROKEN
Ghana Telecom has has asked the regulator, the NCA to suspend the liberalization of the international gateway for another four years to enable it to fulfill its expansion objective. In an interview with GT’s Chief Financial Officer, Sven Seim warned that the move by the NCA could lead to annual losses of 10 to 15 million dollars to GT, "which is in excess of our expected profit for 2003".
The revenue that GT makes from international calls account for about 15% of the company?s total revenue. It currently makes about USD20 million a year on it. He warned that a reduction of this to about USD6 million would lead to job losses. If the NCA goes ahead with this, "we would have to lay off between 800 to 1,300 of our 4100 workforce".