MTN faces US$773 million tax bill from Ghana

03 February 2023

MTN Group has received a US$773 million back tax bill by the Ghana government which has accused the operator of under-declaring revenue, a claim MTN will fight back against.

The Ghana Revenue Authority sent the bill after auditing the operator’s finances between 2014-2018, suggesting MTN under-declared revenue by about 30% in that period, according to Reuters.

MTN said that it disagreed with the “accuracy and basis” of the assessment and will appeal against it. “MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to defend MTN Ghana’s position on the Assessment,” said the company in a statement.