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MTN Ghana revenue hits GHS3.54bn

Selorm Adadevoh - MTN CEO

MTN Group has announced that its Ghana unit’s third quarter revenue grew around 23 percent boosted by its mobile money service MoMo, a Reuters report has said. According to Reuters, MTN Ghana said revenue for the nine months ended 30 September 2018 rose to 3.54 billion Ghana cedi from 2.49 billion Ghanaian cedi during the same period a year ago. ...

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MTN shares soar despite incomplete investors’ data


It has emerged that MTN is yet to complete the reconciliation of information of some investors who bought into the company’s shares almost two months after the company listed on the Ghana Stock Exchange. As a result, managers of the stock market are anticipating increased trading activities on the exchange after the processes are completed. The Managing Director of the ...

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Telcos increase tariffs over new NHIL, GETFund levies


Consumers are to pay more for telecom services starting November 1, 2018. It follows  a decision by telecommunication companies, AirtelTigo, MTN and Vodafone to adjust their tariffs. The review of the tariffs was announced in a statement issued by the Ghana Chamber of Telecommunications. The Chamber says the upward adjustment of charges follows the implementation of some new tax by ...

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AirtelTigo upgrades network services in Accra

Airtel Tigo

AirtelTigo has announced it will implement new network integration and upgrade exercises in the Greater Accra region. The move comes weeks after the company suffered a blow with network challenges, leaving hundreds of customers without cellphone service. The project aims to strengthen the merger between the former Airtel and Tigo networks and will “provide customers with wider coverage, faster internet ...

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What you need to know about AirtelTigo [Article]

Airtel Tigo

Mobile phone use has steadily become a necessity of life, allowing users to communicate seamlessly with loved ones and business partners. According to recent regulatory reports, the number of mobile subscriptions in Ghana continues to grow, recording 40 million subscribers and a penetration rate of 137 per cent at the end of July 2018. Telecommunication service providers have therefore been ...

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MTN delights customers on Emirates Airbus A380


Five customers of MTN Ghana have been given upgraded services on Emirates Airbus A380 which landed in Accra on Tuesday [October 2, 2018]. A statement from MTN said, ‘MTN is set to delight its customers today as Ghanaians welcome for the first time the world’s largest passenger plane, the Airbus A380 to terminal 3 at the Kotoka International Airport.’ ‘Today, ...

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Operators want cap on global money transfers reviewed


Some players operating in the mobile money sector are calling on the Bank of Ghana to review the limit of transactions that is currently permitted on remittances done via mobile money. They believe such a move will promote inter-regional trading activities. According to the proponents, the current limit of 500 dollars per transaction is low and restricts business growth and trading activities within ...

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‘We’ve saved Ghanaians from paying more for fuel’ – Amewu

John Peter Amewu, Minister for Energy

The Minister for Energy, John Peter Amewu, believes that the numerous tax reductions announced by the Akufo-Addo government since it assumed office in 2017, have cushioned Ghanaians against the impact of the fuel price hikes. According to him, Ghanaians would have been paying eight percent more for fuel if the government had not reduced and scrapped some taxes in the ...

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New incentives for automobiles as Nissan joins market


Vice President Dr. Mahamudu Bawumia has stated that government will ensure that both local and international automobile companies operating in Ghana, will be given equal incentives to enhance their operations. Following the announcement by the President that German automobile company, VW, will set up a plant in Ghana, local automobile company, Kantanka expressed concerns over what they said was government’s ...

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Cryptocurrency: Advocates push for swift laws by BoG

Prof. Nii Narku Quaynor

Cryptocurrency analysts are urging the Bank of Ghana to expedite processes to formulate laws to regulate their business. They want the regulator to step in to avert a possible controversy between it and patrons of the product. The increasing interest in the use of cryptocurrency has been met with mixed reactions considering the complex nature of the system. Some have ...

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