{"id":4936,"date":"2025-04-10T11:55:01","date_gmt":"2025-04-10T11:55:01","guid":{"rendered":"https:\/\/storylinegh.com\/?p=4936"},"modified":"2025-04-10T11:55:02","modified_gmt":"2025-04-10T11:55:02","slug":"airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt","status":"publish","type":"post","link":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/","title":{"rendered":"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt"},"content":{"rendered":"\n
\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

Communications Minister, Hon. Sam George, has raised serious concerns about the dire state of AirtelTigo, revealing that the state-owned telecom operator is bleeding cash and burdened with an unsustainable debt load of over $200 million. Speaking during his quarterly ministerial update on Wednesday, April 9, the Minister called out the previous administration\u2019s handling of the acquisition, labeling it as \u201ceconomic sabotage.\u201d<\/p>\n\n\n\n

\u201cWhat the previous government did was nothing short of economic sabotage,\u201d Sam George stated. \u201cThey acquired a sinking ship, and instead of fixing the leaks, they simply rebranded it AT and hoped for the best.\u201d<\/p>\n\n\n\n

The Minister explained that the previous government purchased AirtelTigo for a symbolic $1, but concealed the company\u2019s massive debt portfolio. \u201cWhen the company was bought, its debt portfolio stood at $400 million, and its revenues could not meet monthly overheads,\u201d he revealed. \u201cThe core and billing platforms had reached the end of life, and Bharti Airtel and Millicom (Tigo) had failed to make any meaningful investments over the past five years.\u201d<\/p>\n\n\n\n

Since its acquisition by the government, the company continues to face severe financial challenges. \u201cToday, after a debt restructuring arrangement, the debt portfolio sits at about $200 million, and the company is incurring a monthly operating loss of GH\u00a220 million,\u201d Sam George explained.<\/p>\n\n\n\n

Describing the previous administration\u2019s actions as \u201cill-informed and reckless,\u201d the Minister accused them of acting against the public interest. To prevent the company from collapsing, the Ministry is moving forward with urgent debt negotiations.<\/p>\n\n\n\n

\u201cThe bleeding needs to be triaged,\u201d Sam George stated. \u201cUrgent steps are underway to engage the company\u2019s creditors in negotiating haircuts to ensure the company\u2019s viability.\u201d<\/p>\n\n\n\n

The Minister further assured the nation that the Ministry would soon announce a comprehensive policy direction regarding the company\u2019s future. \u201cI will be updating the nation in the course of this quarter on the policy directions the Ministry would be taking as a sole shareholder to ensure the security of the jobs of employees and the long-term survival of the business,\u201d he said.<\/p>\n\n\n\n

Sam George\u2019s comments come amid broader efforts by the government to tighten its control over the telecom sector. These efforts include plans to enforce stricter quality-of-service standards, lower data costs, and modernize infrastructure across the industry.<\/p>\n\n\n\n

But the Minister’s remarks on AirtelTigo serve as the sharpest warning yet of what he termed a \u201cstate-sanctioned misadventure into telecom management.\u201d<\/p>\n\n\n\n

\u201cGhanaians deserve better,\u201d he concluded. \u201cAnd this Ministry is committed to delivering just that.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Communications Minister, Hon. Sam George, has raised serious concerns about the dire state of AirtelTigo, revealing that the state-owned telecom operator is bleeding cash and<\/p>\n","protected":false},"author":123462,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104],"tags":[],"class_list":["post-4936","post","type-post","status-publish","format-standard","hentry","category-news","two-columns"],"yoast_head":"\n\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt - Storyline<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt - Storyline\" \/>\n<meta property=\"og:description\" content=\"Communications Minister, Hon. Sam George, has raised serious concerns about the dire state of AirtelTigo, revealing that the state-owned telecom operator is bleeding cash and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Storyline\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T11:55:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-10T11:55:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png\" \/>\n<meta name=\"author\" content=\"Anita Frimpomaa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anita Frimpomaa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\"},\"author\":{\"name\":\"Anita Frimpomaa\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6\"},\"headline\":\"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt\",\"datePublished\":\"2025-04-10T11:55:01+00:00\",\"dateModified\":\"2025-04-10T11:55:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\"},\"wordCount\":418,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/storylinegh.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\",\"url\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\",\"name\":\"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt - Storyline\",\"isPartOf\":{\"@id\":\"https:\/\/storylinegh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png\",\"datePublished\":\"2025-04-10T11:55:01+00:00\",\"dateModified\":\"2025-04-10T11:55:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage\",\"url\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png\",\"contentUrl\":\"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png\",\"width\":750,\"height\":375},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/storylinegh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/storylinegh.com\/#website\",\"url\":\"https:\/\/storylinegh.com\/\",\"name\":\"Storyline\",\"description\":\"Latest on news trends and analysis\",\"publisher\":{\"@id\":\"https:\/\/storylinegh.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/storylinegh.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/storylinegh.com\/#organization\",\"name\":\"StoryLine\",\"url\":\"https:\/\/storylinegh.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png\",\"contentUrl\":\"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png\",\"width\":600,\"height\":480,\"caption\":\"StoryLine\"},\"image\":{\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6\",\"name\":\"Anita Frimpomaa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/storylinegh.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g\",\"caption\":\"Anita Frimpomaa\"},\"sameAs\":[\"http:\/\/storylinegh.com\"],\"url\":\"https:\/\/storylinegh.com\/index.php\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt - Storyline","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/","og_locale":"en_US","og_type":"article","og_title":"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt - Storyline","og_description":"Communications Minister, Hon. Sam George, has raised serious concerns about the dire state of AirtelTigo, revealing that the state-owned telecom operator is bleeding cash and","og_url":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/","og_site_name":"Storyline","article_published_time":"2025-04-10T11:55:01+00:00","article_modified_time":"2025-04-10T11:55:02+00:00","og_image":[{"url":"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png","type":"","width":"","height":""}],"author":"Anita Frimpomaa","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anita Frimpomaa","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#article","isPartOf":{"@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/"},"author":{"name":"Anita Frimpomaa","@id":"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6"},"headline":"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt","datePublished":"2025-04-10T11:55:01+00:00","dateModified":"2025-04-10T11:55:02+00:00","mainEntityOfPage":{"@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/"},"wordCount":418,"commentCount":0,"publisher":{"@id":"https:\/\/storylinegh.com\/#organization"},"image":{"@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/","url":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/","name":"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt - Storyline","isPartOf":{"@id":"https:\/\/storylinegh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage"},"image":{"@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png","datePublished":"2025-04-10T11:55:01+00:00","dateModified":"2025-04-10T11:55:02+00:00","breadcrumb":{"@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#primaryimage","url":"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png","contentUrl":"https:\/\/storylinegh.com\/wp-content\/uploads\/2025\/04\/image-341.png","width":750,"height":375},{"@type":"BreadcrumbList","@id":"https:\/\/storylinegh.com\/index.php\/2025\/04\/10\/airteltigo-on-life-support-sam-george-reveals-mounting-losses-200m-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/storylinegh.com\/"},{"@type":"ListItem","position":2,"name":"\u2018AirtelTigo on life support\u2019 \u2013 Sam George reveals mounting losses, $200m debt"}]},{"@type":"WebSite","@id":"https:\/\/storylinegh.com\/#website","url":"https:\/\/storylinegh.com\/","name":"Storyline","description":"Latest on news trends and analysis","publisher":{"@id":"https:\/\/storylinegh.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/storylinegh.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/storylinegh.com\/#organization","name":"StoryLine","url":"https:\/\/storylinegh.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/","url":"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png","contentUrl":"http:\/\/storylinegh.com\/wp-content\/uploads\/2020\/06\/StoryLine-Logo_Full.png","width":600,"height":480,"caption":"StoryLine"},"image":{"@id":"https:\/\/storylinegh.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/storylinegh.com\/#\/schema\/person\/74ba744fc856911b2ce26f76e549f8f6","name":"Anita Frimpomaa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/storylinegh.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/aa32f00facdf801e537b54b67f2820ae8d763be0c65761ad806db4afe2ef71f9?s=96&d=mm&r=g","caption":"Anita Frimpomaa"},"sameAs":["http:\/\/storylinegh.com"],"url":"https:\/\/storylinegh.com\/index.php\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts\/4936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/users\/123462"}],"replies":[{"embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/comments?post=4936"}],"version-history":[{"count":1,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts\/4936\/revisions"}],"predecessor-version":[{"id":4938,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/posts\/4936\/revisions\/4938"}],"wp:attachment":[{"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/media?parent=4936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/categories?post=4936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/storylinegh.com\/index.php\/wp-json\/wp\/v2\/tags?post=4936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}