NCA to revoke Expresso's license

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August 18, 2016 12:52 PM

Expresso Ghana has been facing significant liquidity challenges over the past three years, leading to drastic drop in market share to about 0.63 of the market.

Expresso Ghana

Experts have blamed Expresso’s failure in attracting invest to its links with Sudan Telecom, whose country of origin, Sudan is currently under UN economic sanctions.

NCA’s Director for Engineering Henry Kanor has revealed that the continued inactivity of Expresso has taken its toll on the industry stakeholders and creating a shortfall in the revenue targets of the regulator and government.

“We have a regulatory regime that is enshrined in their license and so we gave triggered that and a discussion has to be taken in that regard. I should think that is why they are now seriously looking for investors to come invest in the company.”

Henry Kanor added that “The status quo cannot remain the same for long, we want to make sure that customers get the best services, we want to get revenues for government and as regulator we need revenue to survive. We have triggered the regulatory processes to revoke the license, it is a long process and I cannot say how long it will take but the process will end at a time. And am optimistic very soon a policy statement would be made on the company” he said in an interview with Accra-based Citi FM.

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