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Gov't Admits $50m Liability to Telekom Malaysia.

Asia Africa Intelligence Wire

| April 02, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Ghanaian Chronicle - AAGM)

Byline: Joseph Coomson

The Minister of Communications and Technology, Mr. Albert Kan-Dapaah told The Chronicle yesterday that the government of Ghana had never disputed its $50million liability in respect of Telecom Malaysia (TM).

The Minister said this in reaction to comments by officials of Telecom Malaysia that the Government of Ghana (GoG) had admitted it would soon have to pay $50 miilion of its foreign currency reserves to satisfy its liability in respect of Telekom Malaysia's investment in Ghana Telecom.

The minister noted that $50 million was given to the National Democratic Congress (NDC) to purchase more …

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