Home Technology MTN Ghana plans $123m network investment

MTN Ghana plans $123m network investment

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MTN-HQMTN Ghana plans to invest $123 million into network expansion during 2015 to meet growing demand for mobile data services. According to MTN Ghana CEO Serame Taukobong, the company has added 112 3G sites to its network to ensure demand for data is met, adding that smartphone users are reaping the benefits of the MTN Apps Challenge, a programme set up to encourage development of a diverse range of applications.
Addressing stakeholders and press at a meeting in the Ghanaian capital Accra recently, Taukobong said part of the company’s 2015 investment will cover development of new products and services for consumers and businesses. He cited an existing mobile money service named MTN Mobile Money Wallet as an example, noting the service has enjoyed strong uptake among consumers as a money transfer and payment option, and is also used by large corporations to pay employees.
Taukobong said the broader telecoms industry in Ghana is contributing to the country’s economic growth. He said MTN Ghana alone had paid GHS605 million (about $160 million) in taxes during 2014, and that the MTN Ghana Foundation – an independent body designed to drive the operator’s efforts around health, education and economic empowerment – has invested GHS15.5 million in the country over the seven years since its foundation. Projects assisted by the programme include the building of libraries, dormitories and classrooms, and also providing scholarships.

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