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    NIB MD laments cost of borrowing for private sector

    Kwahu Summit to focus on Africa’s economic transformation under AfCFTA – APN

    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

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    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

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MTN declares final dividend for 2019 at second annual general meeting

byNerteley Nettey
August 14, 2020
in TECHNOLOGY, Top Stories
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MTN Ghana has announced the payment of a final dividend of GH¢ 0.04 per share to its shareholders. The announcement was made at its second annual general meeting held on August 13, 2020, for the 2019 financial year.

According to MTN, the dividend will be transferred electronically to the bank accounts or Mobile Money wallets of shareholders who make use of these facilities on Friday, 28 August 2020.

Also, this brings the total dividend for the full year to GH¢ 0.06 per share and is subject to deduction of appropriate taxes.

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In a statement issued by the company, Board Chairman, Ishamel Yamson stated that the company delivered a strong profit after tax growth of 33.6% year-on-year (YoY) to GH¢1.01 billion as at December 2019.

He also stated that the increased profitability performance was anchored on strong service revenue growth coupled with successful execution of cost-efficient strategies.

“In 2019, MTN Ghana delivered a strong profit after tax growth of 33.6% year-on-year (YoY) to GH¢1.01 billion as at December 2019. The increased profitability performance was anchored on strong service revenue growth coupled with successful execution of our cost-efficient strategies. We grew service revenue by 22.8% YoY, driven by excellent growth in revenues from Voice, Data and MoMo,” he said.

“Voice revenue was up in the double-digits and increased by 19.4% YoY to GH¢2.31 billion and contributed 44.9% of service revenue. Data revenue growth was strong at 32.5% YoY to GH¢1.46 billion and contributed 28.4% of service revenue.  MoMo revenue continued to grow strongly, increasing by 28.0% YoY to GH¢0.96 billion and contributed 18.6% of service revenue,” he added.

He further noted that at the close of 2019, Scancom PLC operators of MTN Ghana had a market capitalisation of GH¢8.6 billion, making it the third-largest listed company on the Ghana Stock Exchange.

Chief Executive Officer of MTN, Selorm Adadevoh also assured the company’s customers of continuous innovation and customer focus.

“To maintain our relevance and to keep up with the dynamism of the telecommunications industry, we will continue to innovate, create and build meaningful relationships that will improve customer experience and brighten lives. Our focus on the customer is paramount and drives continuous innovation.,” he said.

 

 

 

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