According to various media reports, Glo Ghana has shut down some major Gloworld shops in the country and will most likely close some more as workers get nervous about the certainty of jobs.
Telecoms company closes shops, decommissions towers
An official of Glo Ghana, who spoke on grounds of anonymity, as confirming that the impending mass closure “is true”.
Asoko Insight reports that the telecom giant’s sales points at Dansoman in Accra and Adum in Kumasi have not been open to the public for some time. The report also reveals that the company is gearing up to close more shops in Madina, Lapaz, and Mallam Junction all of which are in Accra.
The report quotes an official of Glo Ghana, who spoke on grounds of anonymity, as confirming that the impending mass closure “is true”. The report also states that some technical staff of the company confirmed that it had begun decommissioning some of some of its towers in various parts of the country before it started closing down the shops.
The National Communication Authority, Ghana’s lead telecoms regulator, shows that Glo Ghana has no coverage in about five out of nine areas measured in the eastern region of Ghana, according to the report.
Sources familiar to the matter allege that the Glo headquarters in Nigeria is losing faith in its Ghana arm, saying that the company has been failing to meet sales targets.
Since Glo Ghana Head of Business, Hakeem Kazeem took over two years ago, Glo has dropped market share from 7% to 4.47%, a statistic that doesn’t bode well for the company.
Earlier this year when Glo inked a roaming deal with Vodafone, Glo Ghana was missing from the list, a move with analysts say could affirm how much confidence the company has in its Ghanaian arm.
Within the first 18 months of operation, Glo Ghana changed head of operations four times, a sign of the company’s inability to maintain a foothold in the Ghanaian telecommunications market.
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