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NCA poised to set price ceiling for telecommunication services
The Ministry of Communication has directed the National Communications Authority (NCA) to set a price ceiling on all telecommunications services to promote competition and address growing disparities in market and revenue shares in the sector.
The floor pricing of services, which includes voice calls, data, short messaging service (SMS), Mobile Money, among others, was to ensure a level-playing field for all network operators within the telecommunications industry.
A statement signed and issued by the Minister of Communications, Ursula Owusu-Ekuful in Accra yesterday, said, the move forms part of other specific measures to be implemented by the NCA to promote proper and healthy competition among telecommunications players, secure a much better pricing policy for the consumers and facilitate a sound regulatory regime.
Among the measures are asymmetrical interconnect rate in favour of the disadvantaged operators, review and approve all pricing by MTN network, which is considered the Significant Market Power (SMP), as required by law and require of the company not to have differential prices for on-net and off-net transactions.
Additionally, the NCA was to ensure various operator vendors were not subject to exclusionary pricing or behaviour, ensure that SMP’s access to information does not disadvantage any value added service of non-SMP operators and require operators to present implementation plans on National Roaming Services within the next 30 days for execution on or before the next 90 days.
Among other benefits, the implementation of the policy, would maximise consumers’ welfare, stimulate the activities of third party vendors such as Value Added Service providers and give them a choice to work with non-SMP operators and prevent the dominant operator from using predatory pricing to eliminate competition.
The statement noted that it would also create a catalyst for passive infrastructure sharing within the industry especially for national roaming services and increase service choice for consumers within areas where SMP is present and would not be permitted to charge a high price to call, SMS, or transfer money to other services, while keeping its own prices low.
The statement noted that the policy directive was due to growing market imbalance and creation of a near monopoly in the country’s telecom sector adding that the imbalance potentially exposes the country to the dictates of the dominant operator and negatively impacts on competition and choice for the consumer as well as investments within the sector.
Referring to statistics which indicate that MTN has almost 75 per cent of telecommunications market share, the statement said although it showed growth within the telecommunications and financial sectors, it also shows an uncompetitive and unprofitable environment for less dominant players in those industries.
It said the measures were in line with the NCA’s functions and duties outlined in the National Communications Authority Act 769 of 2008, Section 3e, which requires the Authority to ensure fair competition amongst licencees, operators of communications networks and service providers of public communications”.
It said the government acknowledges the investments MTN has made in their operations over the years however, its growing dominance has impacted negatively on competition and consumer choice, necessitating corrective action.
The statement called on all network operators to collaborate with the NCA to ensure the measures were implemented successfully.
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
