Minority Accuses Communications Minister of Sabotaging $1bn Rektron Investment to Favour Telecel
The opposition contends that Rektron’s proposal, which involved a $150 million initial injection and debt restructuring, was the most viable path to revive AT Ghana.
Tension is brewing in Parliament as the Minority accuses the Minister for Communications, Digital Technology, and Innovation, Sam George, of rejecting Rektron’s $1 billion investment offer to rescue AT Ghana and instead handing over the company to Telecel.
The opposition contends that Rektron’s proposal, which involved a $150 million initial injection and debt restructuring, was the most viable path to revive AT Ghana.
Addressing the media, the Minority alleged that the minister dismissed the deal without explanation and secretly pursued a Telecel takeover.
Industry observers say the decision undermines Ghana’s credibility with investors and raises questions about transparency in the telecom sector.
Meanwhile, the ministry maintains that AT Ghana’s mounting losses made it necessary to seek an alternative operator capable of sustaining service delivery.
The Minority insists on an independent investigation into the circumstances under which the Rektron proposal was discarded.
The Minority accused the Minister of Communications, Hon. Sam George, of violating principles of transparency, corporate governance, and parliamentary oversight in handling the future of AT.
The caucus noted that despite signing an MOU with Rektron in May 2025 and later engaging KPMG as transactional advisors, the Minister has since “backtracked” and begun promoting a merger with Telecel without any public disclosure of advisory reports or legal opinions.
“While stakeholders are still waiting for the KPMG report and the Attorney General’s guidance, both the Ministry and Telecel prematurely announced a merger — only to delete those posts after public backlash.
This raises serious questions about transparency,” the Minority stated.
They are demanding:
• An immediate halt to any merger or consolidation involving AT and Telecel.
• A parliamentary inquiry into all transactions, correspondence, and agreements.
• Full disclosure of KPMG’s findings and the Attorney General’s legal advice.
• Engagement with American Tower Company to resolve AT’s reported GHC1.5 billion debt and service disruptions.
The Minority insists that AT Ghana is a “strategic national asset” that must remain under Ghanaian control, citing its role in preserving jobs, ensuring digital sovereignty, and maintaining competitive balance in the telecom market.
They also warned that any future government will review and, if necessary, reverse any deal that lacks parliamentary scrutiny or violates procurement standards.
“This is not just about a company; it’s about protecting Ghana’s digital future and sovereignty,” the caucus concluded.
