Ghana’s Finance Minister reaffirms gov’t commitment to economic stability to MTN Group Investors

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Honourable Ken Ofori-Atta, Ghana’s Minister of Finance, attended Day 1 of Capital Markets Day for MTN Group in Johannesburg, South Africa, together with his entourage.

Mr. Reginald Yofi Grant, CEO of the Ghana Investment Promotion Centre (GIPC), and Mr. Solomon Asamoah, CEO of the Ghana Infrastructure Investment Fund (GIIF), were part of the accompanying delegation and took part in the panel discussion on the state, prospects, and opportunities of Ghana’s economy.

With speakers breaking down the key drivers of these markets and outlining some of the challenges and possibilities, the first day of the Capital Markets Day gave MTN investors the chance to better understand the market dynamics across the Group footprint.

Dr. Rashim Cassim, deputy governor of the South African Reserve Bank, James McKay, CEO of South Africa’s Energy Council, Razia Khan, head of research for the Middle East and Africa at Standard Chartered Bank, and Bismarck Rewane, managing director and chief executive officer of Nigeria’s Financial Derivatives Company, were among the event’s key speakers.

In his remarks, Minister Ofori-Atta discussed the Ghana Mutual Prosperity Dialogue’s function as a forum for bringing people together to guarantee that the private sector is at the forefront of Ghana’s growth goal. A group of MTN investors witnessed the Minister spoke about Ghana’s macroeconomic prospects while outlining the country’s future prospects, highlighting the advantages and significance of the recently inked agreement with the IMF.

The Minister indicated that Ghana is “seeking partnerships to enable us to crystallise our ambitions of being the seed country for Africa’s economic and development renaissance.”

During his visit, the Minister accompanied by MTN Group Chairman, Mcebisi Jonas paid courtesy visits to the President of the Republic of South Africa, Cyril Ramaphosa and the country’s Minister of Public Enterprises, Pravin Gordhan.

The second day of the meeting, which is hosted by MTN Group CEO and President, Ralph Mupita, together with his senior leadership team, is an opportunity for MTN to unpack its progress, detail prospects and spell out plans for the MTN of tomorrow.

Ghana is a key market for MTN Group. The country has significant growth opportunities and MTN has already committed to invest $US1billion on capital expenditure.


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