GHANA TELECOM CANNOT ATTRACT INVESTORS BECAUSE OF SHARE DISPUTE, SAYS CEO

Mergers, Acquisitions and Financial Results

Ghana Telecom cannot attract substantial investment it badly needs to stay in business because of the impasse between the government and Telecom Malaysia. Serious legal problems are believed to have forced the present managers of GT to suspend an ambitious strategic business plan designed to attract investors to salvage the finances of the company by the close of 2005.

Chief Executive Officer, Oystein Bjorge, disclosed that the dispute with the Malaysian company, which has filed a multi-million dollar claim over purported financial dishonesty, threatens to possibly render the company bankrupt if government fails to resolve the issue immediately.

Ghana Web