Despite the present economic climate, MTN has stated that it would continue to invest in Ghana. MTN's visiting Group Chief Executive, Ralph Mupita, told the media in Accra that the decision was made because of Ghana's importance to the company and the returns on its investments.
"We want to establish a continuous investment program so that every Ghanaian has the potential to experience the benefits of contemporary connected living," he added.
"So, if we are faithful to that ambition, we must maintain CAPEX, and we will not reassess that pledge when it comes to investing in Ghana," he stated.
MTN's Capital Expenditure may have been reassessed owing to the present economic issues, which have resulted in inflation reaching a record 23.6 percent in April and increased taxes on the company's activities.
However, MTN's Group Chief Executive stated that the company is dedicated to aligning itself with government-sponsored initiatives such as Ghana Cares.
The E-Levy and MTN
MTN regards the tax on electronic transfers, also known as the E-Levy, as a burden-sharing arrangement with the government in order to solve the present economic issues, according to the Group Chief Executive.
Some were also interested in knowing how the tax's implementation had affected MTN.
Mr Mupita, on the other hand, stated that reliable data on these issues will only be available in six months.
MTN's geographical location
MTN's Group Chief Executive stated that the company is dedicated to increase the amount of MTN Ghana issued shares that Ghanaians can own.
MTN began its public offering in 2018 with around 12.5 percent of the outstanding shares.
"It's now at 23.7 percent, and we're aiming for around 30 percent, and we've made a lot of progress there. 30 is the objective, and that's the Group's commitment."
"We want more and more Ghanaians to experience and participate in the economic prosperity of Ghanaians and the business," the Group CEO remarked.
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