Through considerable social investments and adherence to regulatory requirements, MTN Ghana has renewed its commitment to advancing socioeconomic development in Ghana.
MTN Ghana provided 29.6% of its total revenue in the first half of 2022, or almost GHS1.4 billion, in direct and indirect taxes and contributions to governmental organizations.
This sum was made public in MTN Ghana’s financial results for the first half of 2022.
Selorm Adadevoh, the Chief Executive Officer of MTN Ghana, stated, “MTN Ghana is poised to bolster recovery and deliver on its ambition 2025 strategy boosting socio-economic growth through innovative digital technologies. Our collective socio-economic development remains of utmost priority to us as a business and we will continue to play our part in fostering sustainable growth by building strategic partnerships and creating shared value for all”.
MTN Ghana showed resiliency by reporting a pre-tax profit of GHS 2.7 billion despite a difficult macroeconomic environment that was marked by growing inflation, higher fuel costs, pressure on the exchange rate, as well as other external issues.
While active internet customers climbed by 15.1% to 13.1 million, mobile voice subscriptions increased by 11.6% to 27.8 million.
As service revenue increased by 28.9% to GHS4.7 billion, the number of active Mobile Money (MoMo) users increased by 11.0% to 11.7 million.
In the first half of the year, the MTN Ghana Foundation’s CSI activities saw the commissioning of a library for the residents of Denkyira Buabenso, the continuation of construction on the STEM Robotics Lab for Mamfe Girls’ School, and the completion of the 60-bed neonatal center for the Keta Municipal Hospital.
Despite the unstable and uncertain economic outlook, MTN is still dedicated to implementing its Ambition 2025 Strategy to promote corporate growth.