MTN Ghana to exceed US$1 billion in investment by 2026

07 June 2023

MTN Ghana CEO Selorm Adadevoh has said that the operator is expected to exceed the US$1 billion infrastructure investment target it set out in 2021 by 2026.

The company will spend around US$650 million this year in boosting connectivity.

MTN’s 4G coverage in Ghana currently stands at 99.3% and 2G/3G is 99.5%.

“This year, we hope to expand to 350 new sites and 4G sites to about 1,000. We also intend to invest massively in our infrastructure,” said Adadevoh. “We should deliver on average 5Mbps for any 4G transaction at the minimum.”

The company is aiming to invest in the western region of Ghana to cut down fibre downtime and improve service. The operator faces challenges from ‘illegal’ and ‘irresponsible’ mining which cut into fibre cables. Around 35km of cables have been laid in the west of the country this year.