The government of Ghana has no plans to reduce the cost of 4G spectrum licence in the country.
Communications Minister Mrs Ursula Owusu Ekuful said that the price of the 4G spectrum is reasonable.
Her reaction followed calls by some telecom companies to reduce the cost of the spectrum.
The first license of the spectrum sold to MTN Ghana at the price of $67.5million.
Many industry insiders have said that this will prevent other interested stakeholders from purchasing shares.
However, the Minister argued that if the interested telcos cannot afford it, they can partner and buy the one more block which is left.
“I have indicated in the meetings I have had with the operators that consolidation is the way to go and we would actively promote any effort to consolidate their operations and build more synergies instead of going for loans and incurring the huge capital outlay which the industry demands.”
“I believe that when the spectrum was offered for sale those who wanted to, acquired it. The broadband wireless operators have the 4G LTE license so does MTN which was the only one which took up the offer. Comparatively, people say that we auctioned it for a rather reasonable amount,” she added.