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title: Vodafone seals Ghana sale - Developing Telecoms
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   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     21 February 2023     8509 views   

 

  ![Vodafone seals Ghana sale](https://developingtelecoms.com/images/stories/Places/800x600/Accra_Skyline_600.jpg)  

 

[Following approval from Ghanaian authorities](https://developingtelecoms.com/telecom-business/operator-news/14423-ghana-approves-vodafone-ghana-shares-sale-to-telecel.html), Vodafone Group has sold off its majority 80% stake in Vodafone Ghana to Telecel Group, continuing its strategy to streamline its footprint.

In a statement, Vodafone Group CEO Margherita Della Valle said: “The sale of Vodafone Ghana to Telecel Group is a further step in simplifying Vodafone’s African portfolio. Since entering the market in 2008, Vodafone has helped to develop Ghana’s critical network infrastructure supporting customers, businesses and communities.”

The remaining 30% will remain with the government in state-owned operator Ghana Telecommunications Company (GTC).

Vodafone entered the Ghana market in 2008 paying US$900 million for a 70% stake in GTC. In 2021, reports surfaced of the operator looking for a buyout of its unit in Ghana. Vodafone Group also [sold off its majority stake in its Egyptian unit to Vodacom](https://developingtelecoms.com/telecom-business/operator-news/14327-vodacom-acquires-majority-stake-in-vodafone-egypt.html).

 

 

   
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