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Telecommunications companies operating in the nation have been urged by Vice President Mahamudu Bawumia to invest in human capital and other resources that are central to their offerings to the Ghanaian and African markets, rather than focusing solely on expanding their physical infrastructure.
Speaking on Monday, March 11, 2024, at the company’s operational launch, Dr. Bawumia reminded telcos, fintechs, and other stakeholders in the technology ecosystem that investing in the next generation of leaders is one of the best ways to guarantee long-term success, as they are the company’s future.
“Let me challenge you to look beyond physical infrastructure. Your corporate social responsibility must include a deliberate investment and development of the digital capabilities and capacities of young Ghanaians across the country at all levels. As we celebrate this momentous occasion, remember that you also have a role in shaping the future of our nation,” he reminded them.
Dr Bawumia reminded the leadership of Telecel that innovation is the heartbeat of success in the telecom and indeed the business environment, and challenged them to make a difference in the Ghanaian telecom market with offerings that would make their brand attractive.
“In the ever-evolving landscape of technology, innovation is key to staying ahead. Your customers require accessible, safe, affordable, and reliable network always. I am happy about Telecel’s commitment to expand their network and bring more innovation into this space. In that regard, you have the government’s firm support.
He continued: “I am also delighted to see the emphasis placed on exclusivity and accessibility in your services. In Ghana, like in many parts of the world, there are still undeserved communities with limited access to telecommunications infrastructure. By expanding your reach and investing in infrastructure development, you are not only expanding access to communication but also creating opportunities for economic growth and social empowerment for the underprivileged.
Extolling the virtues of the introduction and growing use of Mobile Money, Vice President Bawumia urged the management of Telecel to explore the many opportunities available for deepening financial inclusion, saying although much had been done, there was more to do.
The value of mobile money transactions as of December 2016 was GH¢78.5billion. However, since the introduction of Mobile Money Interoperability between different networks and bank accounts, there has been a very rapid expansion in the volume of transactions. In 2023, mobile money transactions hit a record GHC199.3 trillion, which represents 64.3% increase from the previous year. This has made Ghana the number one country in Africa for financial inclusion, because we have achieved 100% availability and inclusion for every Ghanaian.
“The opportunities that the Mobile Money platform, backed by the introduction of Mobile Money Interoperability, has created is enormous. I commend your company for the role it has played in the past, but most importantly, I urge you to strive to do more as mobile money is one of the surest ways to promote financial inclusivity.”
Welcoming the Telecel Group to Ghana with a hearty “Akwaaba”, Dr Bawumia urged them to be worthy partners for national development.
“I applaud your commitment to corporate social responsibility through the Telecel Foundation and Africa Start-Up Initiative Programme (ASIP). Your initiatives to support education, healthcare, and support for start-ups reflect your dedication to making a meaningful impact beyond business success. This aligns perfectly with our government’s vision of building a more equitable and prosperous society for all Ghanaians.
“As key players in the telecommunications industry, I urge you to uphold the highest standards of ethics, transparency, and corporate governance in all your endeavors. I have no doubt that this brand will not only thrive but also contribute significantly to the advancement of our nation’s telecommunications sector.”
Telecel Group
In February 2023, the Telecel Group purchased Vodafone International’s 70% ownership of Ghana Telecom, with the Ghanaian government holding a 30% stake. Since then, both organizations have been attempting to improve their operational synergies through adjustments to their leadership and structure. The first CEO of Telecel Ghana will be Patricia Obo-Nai, the first Ghanaian CEO of Vodafone Ghana.
According to its Board, Telecel, which has over six million active customers and operates in over 27 countries, wants to use technology to digitally empower Africa. It also wants to connect distant places to promote inclusivity and emphasize education as a catalyst for growth and accessibility.
Speaking during the launch, Mr. Nicolas Bourg, Chairman and Co-Founder of the Telecel Group, stated that the firm plans to concentrate on “positive disruption and innovation in the Ghanaian telecoms market,” adding “we chose to invest in Ghana because of the manifest potential of the youth and people of Ghana.”
Source:Ghanatodayonline.com
