Skip to main content

MTN Ghana Reaffirms Confidence In The Economy As CEO Stephen Blewett Outlines A Us$1bn Investment Commitment

 MTN Ghana, Investment

MTN Ghana has announced a US$1 billion investment plan to significantly improve network quality, expand coverage nationwide and strengthen the digital infrastructure that supports Ghana’s economy.

The commitment, unveiled by the the Chief Executive Officer, Stephen Blewett, will be rolled out over the next three years and is expected to deliver clearer calls, faster data speeds and more reliable connectivity for millions of customers, including those in underserved communities. “Customers are using more data than ever before, and we must continue to invest to meet that demand and improve service quality”, Blewett said. He added that the network investment demonstrates MTN’s confidence in Ghana and its commitment to contributing meaningfully to the digital transformation of the economy.

As part of the programme, MTN Ghana plans to deploy about 800 new cell sites in 2026, boosting network capacity and coverage to meet rapidly growing demand for data services.

Beyond improving customer experience, the US$1 billion investment is expected to support economic growth, job creation and digital inclusion, strengthening sectors such as rural telephony, small businesses, education, healthcare, and financial services that rely heavily on reliable connectivity.

Blewett said MTN Ghana remains optimistic about Ghana’s economic outlook despite global uncertainties, noting that sustained investment in digital infrastructure is critical to productivity and long‑term growth.

The announcement was made at MTN Ghana’s 2026 Media and Stakeholder Engagement in Accra, attended by representatives from government, regulatory bodies, industry, civil society, and the media. The MTN Ghana Annual Media and Stakeholder Forum is a nationwide engagement platform aimed at fostering open dialogue and strengthening relationships with key stakeholders. The forum provides updates on the company’s performance and strategic direction, while reinforcing MTN Ghana’s commitment to transparency, collaboration and sustainable growth.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more