MTN Group Affirms Faith in the Future of Ghana’s Economy

MTN Group today reaffirmed its commitment to Ghana, a market it has been investing in for over 25 years. Since the beginning of operations in the market, the business has been integral to the economy of Ghana, focusing on enabling connectivity, inclusivity, and socio-economic transformation through digital technologies.

Speaking from the MTN Headquarters in Johannesburg, Group President and CEO Ralph Mupita said: “MTN remains excited and highly committed to Ghana as a market. To be sure, macroeconomic conditions are very challenging in the near term. That said we are focused on the medium and long term and we are seeing growth.”

He adds: “The crowding in of private long-term capital will support economic recovery efforts and spur growth in our view. We are here to play our part as a partner for socio-economic progress.”

MTN has a subscriber base of over 24 million and continues to drive significant growth numbers in data and mobile money. In order to promote a thriving telecommunications industry, customers of Vodafone and AirtelTigo are able to remain connected across the country through roaming agreements with MTN where they do not have the infrastructure in place.

In addition, the Group recently opened a Customer Success Centre for MTN GlobalConnect’s pan-African operations which is phase one of our greater investments in Ghana and an opportunity to onshore digital skills into the market.

Mupita concludes: “We will invest an equivalent of $1 billion of capital expenditure over the next 5 years. We see 5G as a technology that could spur faster growth with industrial use cases in mining, agriculture, oil, ports, logistics, and smart cities over time. There are short-term headwinds but the investment case for Ghana remains very compelling.”

About MTN Ghana

Scancom PLC (MTN Ghana) is the market leader in the mobile telecommunications industry in Ghana, offering subscribers a range of exciting options under Pay As You Go, Pay Monthly, and Mobile Financial Services.

The company is part of the MTN Group which is a leading emerging market leader with a clear vision to lead the delivery of a bold new digital world to our customers.

We are inspired by our belief that everyone deserves the benefits of a modern connected life. Scancom PLC is listed on the Ghana Stock Exchange.

Our strategy is Ambition 2025: Leading digital solutions for Africa’s progress.

Comments

US-Based Doctor Supports Weija Leprosarium, Underprivileged Children In Ankaase With Cash & Food Items

In a remarkable display of philanthropy, US-based medical practitioner, Dr. Kofi Kyei Sarfo, and the Sarfo family have made significant donations to support vulnerable communities in Ghana. During his visit to Ghana for the Christmas and New Year festivities, Dr. Sarfo and his family donated assorted food items and $5,000 to the Weija Leprosarium in Accra. This generous act aims to improve the lives of the inmates and support the tireless efforts of Rev. Father Andrew Campbell, founder of the Lepers Aid Committee. The donation to the Weija Leprosarium is a testament to Dr. Sarfo's commitment to giving back to his community. He praised Rev. Father Andrew Campbell for his selfless work in integrating cured lepers into society, emphasizing the need for continued support to ensure the well-being of the inmates. Dr. Sarfo encouraged others to follow in his footsteps, stating that every donation, no matter how small, can make a significant difference in the lives of the inmates. The don...

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Mfantsiman Girls to Host 65th Speech & Prize-Giving Day

Mfantsiman Girls Senior High School is set to host the 65th Speech and Prize-giving Day and Homecoming from 14th to 16th March at Saltpond in the Central region. This year’s Speech and Prize-giving day is being hosted by the 2000-year group, and over 5000 old girls and students of Mfantsiman Girls are expected to attend the programme. Under the theme, ‘Leveraging New Media Technology to Optimize Girl Child Education,’ the event will emphasize the importance of harnessing technology to address the unique challenges faced by girls in accessing quality education, particularly in marginalized communities. By leveraging new media technology, we can create inclusive, interactive, and engaging learning environments that empower girls to reach their full potential. The theme will also serve as a call to action, encouraging students, educators, and stakeholders to explore innovative ways to integrate technology into girl child education, ultimately driving positive change and promoting a...

Kofi Ahovi

Search This Blog