News Guide Africa

Tag: Mtn

  • Hon. Japhet Gbede Appeals to Government and Telecom Providers to End Wute Zone’s Digital Isolation

    Hon. Japhet Gbede Appeals to Government and Telecom Providers to End Wute Zone’s Digital Isolation

    The Assembly Member for the Wuxor-Have-Sremanu Electoral Area in the Akatsi South Municipality, Hon. Japhet Festus Gbede, has made a passionate appeal to the government, the Ministry of Communications and Digitalisation, and key telecommunication providers to urgently address the long-standing challenge of poor mobile network connectivity in Wute Zone.

    In a statement posted on his official Facebook page, Hon. Gbede revealed that he had received “countless messages and social media appeals” from residents across Wute Zone; a community of more than 10,000 people lamenting how the persistent lack of reliable network access continues to affect their daily lives and hinder development.

     

    According to him, the absence of connectivity has far-reaching consequences on education, healthcare, trade, and social life in the area. Students are unable to participate in online learning, businesses struggle to access digital platforms, healthcare workers face challenges coordinating emergency services, and families remain cut off from timely communication.

     

    “In a digital age where communication drives progress, the people of Wute Zone deserve to be part of Ghana’s technological advancement,” he stated, describing the situation as a “developmental injustice” that must be urgently addressed.

     

    Hon. Gbede therefore appealed to His Excellency President John Dramani Mahama, the Minister for Communications and Digitalisation, Hon. Sam Nartey George, as well as MTN Ghana and other service providers, including Tanko Rashid-Computer, to make the extension of network infrastructure to Wute Zone a national priority.

     

    “This connectivity cannot be considered a luxury, it is a necessity for learning, trade, emergency response, and inclusive development,” he emphasised.

     

    Expressing optimism, the Assembly Member noted that with President Mahama’s renewed vision for inclusive digital transformation, the longstanding connectivity challenges in Wute Zone could soon be resolved.

     

    “I am confident that under President Mahama’s leadership, this long-standing challenge will soon become a success story,” he concluded.

  • MTN Ghana bags ₵12.7bn service revenue despite economic headwinds

     

     

     

     

    MTN Ghana reported strong third-quarter financials, contributing GHS 6.1 billion in taxes to the Ghanaian government in the nine months ending September 30, 2024, marking a 49.5% increase in year-on-year tax payments and highlighting the telecom giant’s expanding fiscal role.

     

    Despite economic headwinds, MTN Ghana achieved a 32% year-on-year rise in service revenue, reaching GH₵12.7 billion, propelled by robust growth in data and Mobile Money (MoMo) services.

     

    The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose 32.2% to GH₵7.2 billion, with an improved EBITDA margin of 56.2%.

     

    Profit after tax surged 35.5% to GH₵3.8 billion.

     

     

    MTN Ghana’s data revenue climbed 53.4%, fueled by a 17.3% increase in active data subscribers, while MoMo revenue spiked by 50.8%, underscoring MTN’s expansion in the fintech sector.

     

    The company invested GH₵3.7 billion in capital expenditures to expand its network infrastructure, aiming to enhance service delivery.

     

    Operating within a challenging economic landscape of high inflation and currency depreciation, MTN Ghana’s sustained revenue and tax contributions reflect its resilience and commitment to Ghana’s economic growth.

     

    The company’s strategic priorities continue to centre on digital expansion and economic development, including initiatives such as scholarships and a seed capital fund for micro, small, and medium-sized enterprises.