MTN Group affirms faith in future of Ghana’s economy

The MTN Group on Monday reaffirmed its commitment to Ghana, a market it has been investing in for over 25 years.

The telecommunication’s operations have been integral to Ghana’s economy, focusing on enabling connectivity, inclusivity, and socio-economic transformation through digital technologies.

Mr Ralph Mupita, Group President, and Chief Executive Officer of MTN Group, speaking from the MTN Headquarters in Johannesburg, said: “MTN remains excited and highly committed to Ghana as a market”.

“We are focused on the medium and long term, and we are seeing growth.

“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,” he added.

MTN has a subscriber base of over 24 million and continues to drive significant growth numbers in data and mobile money.

Mr Mupita said to promote a thriving telecommunications industry, customers of Vodafone and AirtelTigo were able to remain connected across the country through roaming agreements with MTN where they did 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 its greater investments in Ghana and an opportunity to onshore digital skills into the market.

“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.”

Source: GNA