[ 2014-08-30 ]

Gov’t assures telecommunications companies of stable economic climate
Accra, GNA – The Government has assured
telecommunications companies operating in the
country of a stable micro economic climate to
enable that operate profitably.
Mr Felix Ofosu Kwakye, Deputy Minister of
Communications said it is good news to government
when the private sector thrives well, which goes a
long way to boost investor confidence in the
country.

He said despite the challenges facing the country
such as inflation, the depreciation of the Ghana
Cedi and the energy crisis, government was on
course to address all the micro economic issues,
and that the bill out from the International
Monetary Fund would stabilize the situation.

This assurance was given by Mr Kwakye when a
delegation from Vodafone Ghana led by its Chief
Executive Officer (CEO) Mr Haris Broumidis paid a
courtesy call on him and Mr Ato Sarpong, Deputy
Minister of Communications.

Mr Kwakye said Ghana’s gross domestic product
was not performing too badly, saying that he was
hopeful that by the close of the year, inflation
would decline from 15 per cent to 10 per cent.

He attributed the high inflation the country was
experiencing to the huge volume of imports, which
is affecting the performance of the Ghana Cedi
against the dollar.

Mr Kwakye said the Ministry with the help of the
security forces was tackling the issue of synbox
and telephone cable theft.

He said to meet the growing demand of the energy
sector; government would increase the current
electrical energy production of 2,800 megawatts to
5,000 megawatts within the next three years.

Mr Kwakye lauded Vodafone Ghana for investing $
1.7 billion within six years in its
infrastructural expansion towards efficient
service delivery, adding that he was hopeful that
with time the Company would recoup this huge
invest.

He expressed delight that with the exception of
the CEO, the entire work force of Vodafone Ghana
were Ghanaians.

He said he was enthused by the large number of
ladies in the management team of Vodafone Ghana
and urged them to do same in the middle and lower
levels of their personnel.

He praised the Company for setting up an Ebola
emergency response centre in case of an outbreak
in the country, he however, suggested to them to
team up with the Ministerial Team on Ebola so that
they would not be any duplication.

Mr Broumidis said this year, the Company was
focusing on its customer experience as a unique
way to achieve sustainable growth.

Mr Gayheart Mensah, Vodafone Ghana Head of
External Affairs, said due to the high rate of
inflation, the depreciation of the cedi against
the dollar and other micro economic indicators,
the Company was finding it difficult to make
profit.

He said the Company was incurring huge losses due
to telephone cable thefts.

He said as part of efforts to increase women
participation in the engineering fields, Vodafone
Ghana would soon create a scholarship scheme for
female science students at both the senior high
school and the tertiary levels.

Mr Mohammed Limann, Vodafone Ghana Senior Accounts
Manager said the Company was working around the
clock to ensure that the Ghana News Agency has
constant internet supply to facilitate the fast
delivery of news to Ghanaians and the
international community.

Source - GNA

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