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MTN finalizes modalities to pay victims of SBI ‘ponzi scheme’

Selorm Adadevoh - MTN Ghana CEO

MTN Ghana has announced that it has finalized modalities for the disbursement of funds to victims of Savannah Brokerage Investment(SBI) limited. This decision was taken after management of the mobile money met with the representatives of the victims of the “Ponzi scheme”, the Ghana Police and the Bank of Ghana. According to a release by MTN, the police has since ...

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MTN begins review of IPO applications

Selorm Adadevoh - MTN Ghana CEO

MTN has announced that it has commenced collating shares for its Initial Public Offering (IPO). The telecom company on Friday (August 3, 2018) said in a statement that it is currently reviewing the applications. “Following the closure of the IPO, the applications received are currently being reviewed and collated for allotments to commence,” the statement said. MTN opened its IPO ...

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Surfline’s service restored after three-day black out


Surfline Ghana Limited has fully restored internet services to consumers after a blackout for nearly a week. This came as the National Communications Authority (NCA) said it had intervened in the impasse between Glo Ghana Limited and Surfline Ghana. The two companies were said to have been involved in a tussle that resulted in the cut to internet connectivity to thousands of ...

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‘Last minute’ MTN IPO buyers disappointed

WhatsApp Image 2018-07-31 at 23.01.36

Some potential shareholders of MTN are pushing for an extension of the Initial Public Offering after failing to secure shares in the company. Information available to Citi Business News indicate that most investors were left frustrated as the telecom company closed its doors to any further issue on Tuesday, July 31, 2018. Reports from outlets for the sale of the ...

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MTN ends GH¢3.47 bn IPO today

Selorm Adadevoh - MTN Ghana CEO

MTN is to complete its Initial Public Offering (IPO) by close of day today [July 31, 2018] barring any last minute changes. The telecom company is ceding thirty-five percent (35%) of its shares to the public to complete the regulatory processes after it secured one of the 4G spectrum license. It’s been a little over two months now that MTN ...

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Gov’t won’t reduce cost of 4G spectrum—Andah

Dep Communications Minister, George Andah

Telcos, hoping for a reduction of the cost of the 4G LTE spectrum before jumping on the band may have to reconsider their decision. This is because the Communications Ministry has reaffirmed its position to maintain the cost of the 4G LTE at 67.5 million dollars. Presently, only MTN has been able to acquire one of the 4G spectrum from ...

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$400m boost for innovation: Disbursements to start this year

Officials at the AGM of the Science Granting Councils Initiative in Accra

Innovators and researchers in science and technology should be receiving at least four hundred million dollars to support their work by the end of 2018. This is according to the Minister of Business Development, Dr. Mohammed Ibrahim Awal. He tells Citi Business News the move forms part of efforts to use technology to solve major challenges confronting the country. The ...

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Ghana Post opens arms to tap into growing e-commerce services

Ursula Owusu Ekuful - Communications Minister

The Minister of Communications, Ursula Owusu Ekuful has challenged the Ghana Post Service to review its strategy and take advantage of the opportunities presented by e-commerce. The Minister admits to the major disruptions technology is having on economies and how Africa is positioned to benefit from the boom. The Ghana Post is mandated to undertake delivery services to various addresses ...

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MTN Ghana receives 12 awards at 2018 GIITA


MTN Ghana has won 12 awards at the 8th Ghana Information Technology and Telecoms Awards (GIITA) held in Accra. The company was also inducted into the GITTA Telecoms Hall Of Fame. MTN received awards for Customer Experience Company  of the year, CSR Company Of The Year, Data Service Provider of the year, Mobile Money Service of the year, Mobile Operator ...

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