Financial Times FT.com

Ghana to renegotiate $900m Vodafone deal

By Tom Burgis in Lagos and Andrew Parker in London

Published: November 4 2009 02:40 | Last updated: November 4 2009 02:40

The government of Ghana on Tuesday night said it would renegotiate Vodafone’s $900m (£550m) purchase of a leading local telecoms group after an official review into alleged “irregularities” in the deal.

The dispute is a potential blow to the world’s biggest mobile provider by revenues, which has been expanding in emerging markets – Africa among them – to seek faster growth.

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