• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, August 4, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

MTN Ghana Reaffirms Commitment To Ghana’s Socio- Economic Growth

August 10, 2022
Stephen M.Cby Stephen M.C
in Sub Top Stories2, Vaultz Business
0
MTN Ghana Reaffirms Commitment To Ghana’s Socio- Economic Growth

Selorm Adadevoh- CEO MTN GHANA

Mobile telecommunications industry giant, MTN Ghana, has reaffirmed its commitment to accelerating socio-economic development in Ghana through significant social investments and honoring its regulatory obligations.

MTN Ghana, in the first half of 2022, contributed 29.6% of its total revenue, amounting to approximately GHS1.4 billion in direct and indirect taxes, and payments to governmental Agencies. This figure was disclosed in MTN Ghana’s half year Financial Results for 2022.

The Chief Executive Officer of MTN Ghana, Selorm Adadevoh, underscored in a statement that the company will continue to contribute to Ghana’s socio-economic developments using innovative digital technologies.

RelatedPosts

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

BoG Data Shocker: 54% of Mobile Money Agents Now Inactive Despite Sector Boom

T-Bills Auction Oversubscribed by 264% After Budget Review

 “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”.

Selorm Adadevoh

Despite a challenging macroeconomic environment, characterized by rising inflation, increased fuel cost, pressure on the exchange rate as well as other external challenges, MTN Ghana demonstrated resilience, posting a pre-tax profit of GHS 2.7 billion.

Other key performance indicators

MTN Ghana further disclosed that mobile Voice subscription increased by 11.6% to 27.8 million while active data subscribers increased by 15.1% to 13.1 million in the first half of 2022. Likewise, Active Mobile Money (MoMo) users improved by 11.0% to 11.7 million while service revenue grew by 28.9% to GHS4.7 billion in the period under review.

In addition to MTN MoMo’s over seventeen million registered subscribers, it also works with 19 partner banks, PSPs and more than 240,000 agents across the country. Between 2016 and 2020, a sum of GHS 322million cedis was paid as Interest to over 12 million customers in the country.

MTN MoMo

The statement further indicated that Key infrastructure developments carried out by MTN Ghana Foundation as part of its CSR activities in the first half of the year included the commissioning of a library for the people of Denkyira Buabenso, continuation of works on the STEM Robotics Lab for Mamfe Girls’ School and the 60-bed neonatal centre for the Keta Municipal Hospital.

MTN Ghana assured that although the outlook for the economy remains uncertain and volatile, it remains committed to executing its Ambition 2025 Strategy to drive growth and efficiencies in doing business. 

MTN Ghana is the market leader in the mobile telecommunications industry in Ghana, offering subscribers a range of exciting options under Pay As You Go, Pay Monthly and Mobile Financial Services.

image MTN

The company is part of the MTN Group which is a leading emerging market leader with a clear vision to lead the delivery of a bold new digital world to its cherished customers across the globe.

The company is inspired by its belief that everyone deserves the benefits of a modern connected life. Scancom PLC is listed on the Ghana Stock Exchange and its strategy is Ambition 2025: Leading digital solutions for Africa’s progress.

READ ALSO: Recent Developments In Ghana Have Brought Back The Importance Of Stability – BoG Governor

Tags: ambition 2025 strategyCSRMTN GhanaSocio- Economic GrowthTelecommunications Industry
Please login to join discussion
Previous Post

Sugar Rebounds from 1-year Low as Market Steadily Recovers

Next Post

AfCFTA Makes Significant Progress Thanks to Commitment from Heads of States- Wamkele Mene

[mc4wp_form id="1264"]

Related Posts

Pakistan, Iran Ink Deals Across Various Sectors
Asia

Pakistan, Iran Ink Deals Across Various Sectors

August 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

August 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

August 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

August 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

August 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

August 3, 2025
Pakistan, Iran Ink Deals Across Various Sectors
Asia

Pakistan, Iran Ink Deals Across Various Sectors

by Comfort AmpomaaAugust 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

by Silas Kafui AssemAugust 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

by Lilian AhedorAugust 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

by Prince AgyapongAugust 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

by Evans Junior OwuAugust 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

by Lawrence AnkutseAugust 3, 2025
Pakistan, Iran Ink Deals Across Various Sectors
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
DSTV Pricing under scrutiny
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
New Wave Of Violence Displaces Thousands In Mozambique
[/vc_row_inner]

Recent News

  • Pakistan, Iran Ink Deals Across Various Sectors
  • President Mahama Dispels Nigerian Deportation Fears After Viral Video
  • MultiChoice Grilled On DSTV Pricing 
  • Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
  • Sam George Rejects DStv’s Proposal, Insists on Price Reduction
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.