Mobile Telecommunications Network (MTN) Ghana (Scancom PLC) is transitioning from a traditional telecommunications company to an emerging digital operator.
In line with the transition, MTN Ghana has declared 2020 as the ‘Year of the Customer: The Digital Experience’ with a focus on digitalization as a tool to enhance customer experience as well as create value for our shareholders
Mr Selorm Adadevoh, Chief Executive Officer (CEO), MTN Ghana, announced this at the 2nd Annual General Meeting (AGM) in Accra on August 20, 2020, streamed live from MTN House to a virtual audience of over 7,000.
Mr Adadevoh said MTN was set to deliver on this digital agenda, based on solid investments it had made in technology and network infrastructure expansion projects undertaken over the years.
He disclosed that for 2020, an amount of US$114.1 million was being invested into the network to facilitate the rollout of 300 LTE (4G) sites and upgrade 737 3G sites and 450 2G sites across the country, adding that these investments would make significant contributions to enable individuals and business in both the rural and urban parts of Ghana enjoy the best experience as well as the benefits of a modern connected lifestyle.
“Beyond the enhancement of network for the best digital experience, MTN continues to brighten the lives of customers and the communities in which we operate with social projects as our contribution to national development. Our recent donation of GHC5million Cedis worth of medical supplies to support the fight against COVID-19 adds to the 149 projects undertaken in Health, Education and Economic Empowerment projects over the years”, he added.
Mr Adadevoh expressed optimism about the continued growth of the company, considering the opportunities identified in data and mobile financial services, adding that with a strong brand presence and positive reputation, MTN Ghana would continue to attract the best talents and partners to drive the business and its profitability.
Sharing details of the financial performance of the company for 2019 with shareholders, Mr Ishmael Yamson, Board Chairman, MTN Ghana, disclosed that MTN delivered a strong profit after tax and that the performance was driven by a sterling growth in Voice, Data and MoMo services.
The AGM declared a final dividend of GHC. 4 pesewas for the 2019 financial year to be paid on August 28, 2020 to shareholders registered in the books of Scancom Plc at the close of business on the qualifying date on Thursday, 30 April 2020.
Present at the AGM were Board members, Mr Ebenezer Asante, Vice President of MTN Southern Eastern Africa and Ghana region (SEAGHA), MTN Executives, President of the Shareholders Association of Ghana and some Institutional Shareholders.
MTN Ghana listed on the Ghana Stock Exchange (GSE) on September 5, 2018 with the largest number of Ghanaian shareholding of any listed company on the GSE at 127,826.
Raising GHS 1,146,589,464.75 from 128,152 applicants, the Offer made history as the largest primary share offer in the history of the Ghana Stock Exchange and enabled many Ghanaians from all walks of life to own a share in one of Ghana’s largest, most visible and well respected companies.
MTN Ghana was incorporated in 1994 as a private limited liability company and the regulations of the company were amended in 2016 to become a public company, pursuant to its Initial Public Offer (IPO).
Since the launch of its operations, MTN has invested billions of dollars into network expansion and technology advancements to deliver world class telecommunications and digital services to its customers.
Source: G.D. Zaney, Esq.
