Ghana news–Chief Executive Officer (CEO) of MTN Ghana, Ebenezer Twum-Asante, has expressed gratitude to customers of MTN for believing in the operator, while announcing a growth of 24 percent translating into 3.4 billion in 2017, as against Ghana’s Gross Domestic Product (GDP) which grew by 9 percent same year.
With this impressive figure, it paid an amount of 1billion in a form of tax to government, representing 3 percent of total debt collected by the state in 2017.
At a stakeholders forum to announce MTN’S annual financial performance on Tuesday, Mr Twum-Asante said, MTN made a profit of GH¢238 million in 2017, with a total revenue rise from GH¢2.77 billion in 2016, to GH¢3.4 billion last year.
Mr. Twum-Asante, who doubles as the Vice-President for Southern and East Africa, said the figures were encouraging, adding it couldn’t have been achieved without the support of customers.
Speaking to the media after what he said may be his last presentation, Mr Twum-Asanti, said “The Company grew by 24 percent meaning it grew better than the national economy, our GDP grew by just about 6-7 percent and inflation was about 11 percent.
So if you work and record a growth that is higher than what the national economy had, then it means it went well and we thank all Ghanaians for that”.
The company which has remained the most profitable telephony company over the years, attributed it excellent showing on the increase in subscriber base, which has reached a total of 15.7 million, investments and savings in Mobile Money and additional subscribers base in rural communities which hitherto did not have mobile service coverage.
Currently, there is a total of 8.3 million active wallets, who are paid interests every three months.
The company said, it paid a sum of GHc98.9million interest to subscribers from January 2017 to December 2017.
It revealed it recorded 100 thousand Mobile Money pay points by close of last year.
According to the CEO, MTN, is working to ensure it platform remains the most preferred means to do mobile business.
In the wake of the many robbery attacks on Mobile Money agents, the company said it was working with the security agencies, to ensure it agents go about performing their duties without fear of being killed or robbed.
What do you think about this piece? Share your comment in the comment thread and share the story using the social media buttons above. Thank you.