14 June 2022

MTN is committed to investing more in Ghana despite the current economic environment, said visiting group executive Ralph Mupita.

Speaking at a media engagement in Accra, he said his company has taken the decision because of Ghana’s role in the group and return on investments.

“We want to have a sustained investment programme so that in a market like Ghana, every Ghanaian has the capacity to enjoy the benefits of a modern connected life,” Mupita said. “And we are not changing view. So, if we are true to that vision, then we must sustain the CAPEX (Capital Expenditure); and therefore we are not going to review that commitment when it comes to investment in Ghana.”

Mupita’s comments come on the back of fears that due to the current challenges facing the economy which has resulted in inflation hitting 23.6% in April 2022 as well as rising taxes on the company’s operations, MTN might have reviewed its capital expenditure.

However, Mupita said the company is committed to aligning itself to a programme like the Ghana Cares initiative by the Ghanaian government.