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01.04.2008 Business & Finance

GT secures $200 million

By Daily Guide
GT secures $200 million


The Board of Ghana Telecom (GT)bas facilitated the procurement of a bond facility of $200 million from Iroko Securities of the United Kingdom to refinance debts and also improve the mobile and fixed networks of the company.

Nana Antwi Boasiako, Board Chairman of the company, who disclosed this at the 10th Dinner and Awards Night to bid farewell to 115 retiring staff of the company, said though GT had come a long way, it was still far from reaching its ultimate goal.

He noted that the board and management would work around the clock to enable the company undergo structural and organizational change.

Of late, cables worth thousands of dollars earmarked for very important projects had vanished at the corporate headquarters, he said.

Nana Antwi Boasiako sounded a warning to greedy and selfish individuals who were engaged in this dubious practice to desist from it or face outright dismissal when caught.

Furthermore, he said, the culprits would lose all benefits that they would be entitled to after several years of sweat and toil for the company.

The retired staff received items such as electrical appliances.

Dickson Oduro-Nyaning, Chief Executive Officer of GT, noted that his outfit had put in place pragmatic measures with a view to consolidating gains chalked in previous years.

Some of the targets for this year include increasing the customer base for its broadband internet services, OneTouch Services and the Fixed Network Services.

"Management has decided to upgrade many of the Care4U centres in the country. Additionally, ultra-modern Care4U centres will be constructed in East Legon, Kasoa, Dzorwulu, Madina, Weija and Sunyani," he disclosed.

Since the success of every business organization depends to a large extent on its human resource base, Mr. Oduro-Nyaning noted that management would retrain the existing workforce to enable employees to handle new equipment and technologies to meet challenges ahead.

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