Vodafone Group has completed the sale of its 70 percent shareholding in Vodafone Ghana to Telecel Group.

The transaction has received regulatory approval. Government of Ghana will retain its 30 percent stake in Vodafone Ghana.

“The sale of Vodafone Ghana to Telecel Group is a step in simplifying Vodafone’s African portfolio. Since entering the market in 2008, Vodafone has helped to develop Ghana’s critical network infrastructure supporting customers, businesses and communities,” said Margherita Della Valle, Chief Executive Officer of Vodafone Group.