MTN Ghana, the country’s largest mobile telecommunications company, announced that it will invest $25 million over the next three years to improve the country’s digital ecosystem.
It will also invest $150 million in network and IT systems to link the remaining 15% of Ghanaians who live in the country’s most distant communities, as well as improve capacity and customer experience.
MTN’s Chief Executive Officer (CEO), Mr Selorm Adadevoh, revealed this at the company’s 25th Anniversary Celebration in Accra.
“As part of our 25th Anniversary celebrations, we’re also pledging a $25 million fund over three years to assist the government with its digital plan. The development of an ICT hub in Ghana is one of the legacy projects to which he has already committed.
He stated that the company had always viewed Ghana as a market to invest in due to the country’s governance and political stability, policy predictability, and continuous economic growth over time.
It would consequently collaborate with the government, through the Ministry of Communications and Digitalization, during the next three years to support the development of the digital ecosystem in order to boost corporate growth.
Mr Adadevoh stated that the company had invested more than $6 billion in infrastructure development since its start and had taken numerous commercial risks, including continuing to invest in mobile money and investing in 3G.
According to the CEO, the company’s strategy has been renamed “BRIGHT to Ambition 2025,” with the goal of creating the world’s largest and most valuable platform business with a focus on Africa.
Fintech Solutions, Digital and Ayoba, Enterprise, Network as a Service, and an API Marketplace, he said, were all built on five pillars.
“Our vision is to lead the delivery of a bold new digital world to our customers,” he explained, “and this underpins our sustained investment in the MTN Ghana business in the areas of rural connectivity and digital platform implementation to give our customers the opportunity to live a modern connected life.”
He praised the government, policymakers, and regulators for their efforts in advancing policy frameworks from deregulation to building an enabling environment that would enable Ghana to realize its aim of being a digital nation.
He thanked the company’s customers for their loyalty, feedback, and devotion to the brand, as well as for assuring the company’s success.
Minister of Communication and Digitisation, Mrs Ursula Owusu-Ekuful, praised MTN’s management for their investments and for taking the lead in bringing innovation and transformation to the sector.
She promised them that the government and MTN will work together more closely to propel Ghana’s communications business to the forefront of the continent.
She stated that the government would continue to provide an enabling environment and give incentives for the Fintech industry’s development.
The company employs about 2,500 Ghanaians and serves over 25 million subscribers.