Business
Glo Shuts Down Operations In Ghana
Nigeria’s indigenous telecoms giants, Globacom, might have decided to pull out its operations from Ghana.
Reports say that the decision might not be unconnected with allegations of sabotage and several challenges from some local Ghanaian interests that did not want the company’s nationwide plan to take off.
A source close to the company said that some of the challenges the company faced since it was awarded a GSM licence by the National Communications Authority, (NCA), included an encroachment on the frequency allocated to it by the NCA, as well as repeated and organised sabotage of its billboards and the delay in securing approval for the swift deployment of its infrastructures like base stations.
According to reports, while the company was working at achieving a fast roll-out of its network in the Ghanaian market, some forces had been deliberately working to cripple its operations and prevent it from rolling out as planned.
It was also gathered that part of the decisions to pull out of Ghana was the company’s feeling that its infrastructures in the country were not getting adequate protection from the law enforcement agencies.
However, it is said that Globacom had not served the government of Ghana any notice yet but would do that soonest.
The decision was said to be the outcome of a meeting held by senior management staff of the company on the issues, where they unanimously condemned and expressed serious displeasure over the various acts of vandalism, on its infrastructure.
A senior official of Glo Mobile Ghana, Derek Okpobi, confirmed the story, saying “the frustrations are getting out of control. We have considered pulling out.”
Glo Mobile Ghana recently embarked on a massive deployment of outdoor advertising structures comprising billboards, light boxes, lamppost signs and brand marks (branded lit globes) throughout Accra as part of the build-up towards the nationwide launch of the company’s operations in Ghana.
However, immediately after the deployment of the outdoor advertising materials which generated a lot of positive remarks, a number of the outdoor structures were vandalised by unknown persons.
In February 2010, about 15 light boxes mounted from the Airport traffic light median to the Opeibea House traffic light, were alleged to have been deliberately destroyed with the flexi materials used on both sides of the unit torn.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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