The second half of 2021 promises to be rich in opportunities for Ghanaian businessmen. MTN is announcing the sale of some local assets. The telecoms company is continuing its Pan-African quest for the liquidity essential for its transformation.

During his three-day working visit to Ghana last week, Ralph Mupita, Chairman and CEO of MTN Group, briefed Mahamudu Bawumia, Vice-President of the Republic of Ghana, on the main projects that the company wants to achieve in the country by 2022. The South African telecoms group has reiterated its commitment to support the national digital transformation led by the government.

Beyond improving and expanding network infrastructure to bring quality telecom services to rural areas, Ralph Mupita said that “  we are committed to supporting Ghana’s QR code project and other digital initiatives such as the fight against cyber attacks and the development of women’s participation in ICT  ”. He also revealed MTN Group’s intention to build an ICT center in the country in addition to finalizing the opening of 30% of MTN Ghana’s capital to local investors by the end of the year. It is also planned to open 30% of the capital of the financial subsidiary, MobileMoney Limited, by January 2022.

Since March 2021, MTN Group has initiated a strategic repositioning aimed at revealing value and attracting third-party capital in the medium term in its various markets. Through “Ambition 2025”, the company wants to become a supplier of solutions that address the opportunities, but also the challenges facing the continent.

In Ghana, the strategic actions announced by MTN Group will help bring the telecom company into compliance with the country’s regulations, including the Payment Systems and Services Act, 2019. They will also support increased revenues. which will benefit the financial health of the group, in particular for the reduction of its debt.

Source: Agence Ecofin