Mr. Maxwell Quophy Blagodzi, Deputy Volta Regional Minister has challenged telecommunication giant, MTN, to extend its 3G and 4G services to all district capitals in the Region.
He also urged the Company to ensure that the Region had 100 per cent coverage of its network to drive economic growth with internet access to students in the second cycle and tertiary institutions.
Mr Blagodzi said this at the Regional launch of MTN’s Initial Public Offering (IPO) in Ho to present opportunities to investors in the Region to buy shares in the Company.
He commended MTN for leading and keeping the telecommunication sector active and charged it to expand its 4G technology nationwide to ‘unlock and accelerate the growth of an information and knowledge-based society whilst driving economic growth.’
Mr Blagodzi said MTN’s decision to include mobile money platforms in its IPO channels was a novelty and that it would make it easier for people to invest in its shares.
He described MTN as a ‘worthy development partner’ and advised individuals and institutions to take advantage of the IPO and own shares in the Company.
Mr Sam Addo, General Manager, MTN Business, said the IPO would help make positive impact on the local market by expanding the frontiers of financial inclusion.
‘Our excitement is rooted in the fact that Ghanaians, by investing in MTN Ghana, will benefit as we maintain our track record of investing in our business, focusing on high growth opportunities and delivering attractive financial returns, double-digit revenue, strong profit margins, and a dividend payout target of 60.00 per cent to our shareholders,’ he stated.
Mr Prince Owusu Nyarko, Regional Senior Manager, MTN Ghana, said the IPO was a bolder statement of MTN’s commitment to creating an enabling business environment in Ghana.
He described MTN as ‘good corporate citizens’ with investments and interventions in health, education and other sectors of the local economy.
Togbe Kotoku XI, Paramount Chief of Kpenoe, commended the board and management of MTN for the foresight, continued contribution to the growth of the local economy and bridging the gap between the banked and the unbanked.