Accra, Dec. 30, GNA
– Celltel Networks Limited, Ghanaian Engineering Business, has appointed community
finance company, Ed & Co Capital Limited as fiscal advisors for the $500
million Ghana Wise Towns challenge.
A memorandum of
being familiar with to that outcome was signed concerning the two firms in Accra with
the Founder and Executive Chairman of Celltel Networks, Dr Prince Kofi
Kludjeson and Main Govt of Ed and Co, Emmanuel Dabi, initialing the
As part of the offer,
Ed & Co would set up and handle the marriage in between different
institutions or men and women and the financial institutions that would underwrite the
subscriptions on clients’ behalf.
The Ghana Smart
Metropolitan areas project, intended to give cost-effective nationwide Wi-Fi community in
collaboration with the neighborhood federal government institutions and other strategic and
relevant government businesses, is scheduled to start off in the second quarter of
The Celtell Chairman
mentioned it would provide cost-effective Apple handheld units, laptops on
subscription and adaptable payment phrases to empower quite a few additional Ghanaians to possess
Apple units and pay in instalments.
“Beyond the Apple
equipment, we will also distribute electronic television sets that make entry to
the web at household simple – this 1 also comes on a subscription foundation,” he
He discussed that
each individual level of membership would arrive with one unit or the other and the
eyesight is to help obtain to education, health, safety, enterprise and other
relevant resources on the internet in the consolation of households, workplaces, university and
Celltel and its
associates, such as Cisco, Hughes Company, Apple, and some regional broadband
spectrum licensees are currently funding the installation of the nationwide
Wi-Fi infrastructure and provision of affordab le intelligent gadgets to prospects
throughout the region.
Dr Kludjeson reported
Celltel had by now created contacts with many institutions, like the
Ghana Nationwide Association of Lecturers, to deliver KQ branded handheld sensible
units as well as laptops and intelligent televisions on regular membership basis.
He reported the organization
has previously recruited many youthful Ghanaian experts who have been
performing with companions abroad to create a trustworthy network and construct
custom made-built answers for numerous categories of subscribers.
“We are also at
the finishing levels of an assembling plant within the Totally free Zones enclave at
Tema to make certain local assembling of very affordable equipment faster than later – this
will supply jobs for various youthful Ghanaians,” he claimed.
The Celltel Founder
stated the undertaking would provide prospects for numerous numerous youthful
business people who will be the key brokers in the different districts and get to
share in the wealth that will be created domestically.
“We are heading to
bring every person else on board in the consortium so that we can empower
every person so that the 275 constituencies can be covered and be funded by
the off taker settlement,” he mentioned.
believes in the government’s Electronic Ghana Agenda, characterised by paperless
expert services at all government offices, electronic deal with systems, and various
electronic products and services this sort of as e-instruction, e-well being, e-agriculture and lots of additional.
The Executive of Ed
and Co reported they were being by now in talks with many banks and Finance
organisations who have expressed fascination in underwriting subscriptions for
“We are so delighted
to be appointed as the transaction advisors of the ICT Corporation Celltel Community
and hope that we all place our palms on deck we will try as significantly as possible and
get this specific fund that is the 500 million for the job very well
structured,” he mentioned.
“We will make certain
that this good town idea of Celltel Organization will come to fruition.”