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Tag Archives: MTN

Mobile money attacks: Vendors appeal for protection

Mobile-Money transaction

The increasing number of armed robbery attacks on mobile money merchants has reached an alarming rate, calling for new security measures to curb the canker. The latest victim is a 31-year old Mobile Money operator who was shot dead by some unknown assailants in the Afigya Kwabre District of the Ashanti Region. Current figure show that mobile money agents increased ...

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MTN secures ¢GH510 million credit facility


MTN Ghana has secured a credit facility through a syndication worth GHC 510 million from 9 banks in Ghana to improve its infrastructure and services. This is the second time the telecom operator is undertaking such a deal. In 2012, MTN carried out a similar loan syndication deal to finance network expansion. That facility was repaid in May this year, giving ...

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MTN is 2nd best company in Ghana Club 100

MTN building at Ridge, Accra

MTN has been named as the second best company in Ghana for this year’s Ghana Club 100. The telecom company assumed the position after a vigorous exercise which ranked the various organizations that entered the competition based on some selected criteria. In addition to being adjudged the second best company for this year, MTN also picked the best company in ...

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Analysts criticize extension of fiscal stabilization levy

Partner with Pricewaterhouse Coopers (PwC), Ayesha Bedwei

Tax analysts have criticized government for not scrapping the National Fiscal Stabilization Levy in the 2018 budget. They describe the continuous imposition of the tax as disappointing. For instance a Partner with Pricewaterhouse Coopers (PwC), Ayesha Bedwei believes the move rather punishes some compliant taxpayers. The National Fiscal Stabilisation Levy (NFSL), introduced in 2013, was among others to support the ...

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MTN absolves staff from mobile money fraud

Mobile-Money transaction

MTN Ghana has refuted claims that its staff are involved in the recent rise in mobile money fraud cases that have hit the country. An internal inquiry by the Criminal Investigations Department of the Police Service (CID) has revealed that some staff of telecommunication companies are complicit in the rise of mobile money fraud. According to the CID, five out ...

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NCA yet to approve Tigo, Airtel merger

tigo airtel

The proposed merger between Airtel and Tigo is expected to linger until such a time that the two companies complete the necessary regulatory processes with the National Communications Authority (NCA). The two entities officially announced the decision to merge in March 2017. But latest information from the NCA indicates that the process is yet to be completed, six months after ...

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NCA not likely to reduce cost of 4G license

Joe Anokye

The National Communications Authority (NCA) has told Citi Business News it is open for negotiations with prospective buyers of the second 4G spectrum license. The CEO of the NCA, Joe Anokye explains that the outfit will abide by best practices in the sale of the license. Telecommunication companies have complained about the high cost of the spectrum. They argue that ...

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Telcos must merge for 4G spectrum – Chaalabi


Telecom Analyst, Fouad Chaalabi has backed calls for telecom operators to consolidate to acquire the second 4G license being offered by government. “I think this is the best way of doing it but it depends on the two. You know merger is like a marriage so you need to find your better match,” he said. MTN Ghana is the only ...

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MTN not to list on GSE with IPO – Kofi Yamoah


MTN Ghana may not be listing on the Ghana Stock Exchange (GSE) anytime soon even though it plans to cede a part of its operations to investors. This is the indication from the managers of the Ghana Stock Exchange. “MTN in its discussion is raising money from the public or doing a public offer but it will not list as ...

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Telcos ditch 4G spectrum over high cost

Yolanda Cuba - CEO of Vodafone Ghana

Citi Business News has gathered that the second 4G spectrum being sold by government may never be acquired by the telecom operators in the country. Discussions with operators in the telecom industry reveal that most of them will shy away from acquiring the license because of its high cost. The telecom operators argue that the price being offered by government ...

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Ghana Business News