(Ecofin Agency) - During his three-day working visit to Ghana last week, Ralph Mupita, MTN Group's chief executive officer, unveiled to Mahamudu Bawumia, the vice president of the Republic of Ghana, the main projects the company wants to achieve in the country by 2022. The South African telecom group has reiterated its commitment to support the national digital transformation led by the government.
Beyond the improvement and expansion of network infrastructure to bring quality telecom services to rural areas, Ralph Mupita said MTN is committed to supporting Ghana's QR code project and other digital initiatives such as combating cyber-attacks and developing women's participation in ICT. He also revealed MTN Group's intention to build an ICT center in the country in addition to finalizing the opening of 30% of MTN Ghana's capital to local investors by the end of the year.
The South African group also plans to open up 30% of the capital of the financial subsidiary, MobileMoney Limited, by January 2022. Since March 2021, the company has initiated a strategic repositioning that aims to unlock value and attract third-party capital in the mid-term in its various markets. Through "Ambition 2025," the company aims to become a solution provider that addresses the opportunities, but also the challenges, facing the continent.
In Ghana, the strategic actions announced by MTN Group will contribute to the telecom company's compliance with the country's regulations, including the Payment Systems and Services Act, 2019. They will also support revenue growth that will benefit the group's financial health, including debt reduction.