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MTN Ghana to exceed $1 billion Investment by 2026

Felicia Akindurodoye by Felicia Akindurodoye
May 29, 2023
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MTN Ghana CEO Selorm Adadevoh has indicated that the company’s infrastructure investment is on track to surpass its initial target of $1 billion set in 2021. 

This announcement has sparked hope in the telecommunications industry. During his remarks at a news conference, Adadevoh underlined his conviction that the unit will reach this benchmark by the year 2026.

The information was published by the Ghana News Agency, which also shared that MTN Ghana expects to commit approximately $650 million this year alone to boost connections throughout the nation. 

Adadevoh underscored the company’s dedication to enhancing the quality of its products and services as well as the expansion of its network coverage.

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Read also: Tax infraction charges against MTN Ghana amount to $773m

Remarks from the CEO of MTN Ghana

The current level of 4G coverage offered by MTN in Ghana is at an outstanding 99.3 percent, while the level of 2G/3G coverage reaches 99.5 percent. Adadevoh provided a summary of the company’s objectives for the upcoming year, saying, 

‘We aim to introduce 350 new sites, reaching a total of approximately 1,000 4G sites. Additionally, we have plans for significant infrastructure investments.’

The Chief Executive Officer also reassured clients that MTN Ghana is committed to offering the highest possible quality of service, saying that, ‘We are striving to deliver a minimum of 5 megabits per second for any 4G transaction. However, we acknowledge that our 3G connections face challenges during peak hours due to high usage, which sometimes results in failed connections.’

Adadevoh stressed the significance of fibre optic networks for digitalization and revealed that MTN Ghana has already built around 9,000 km of fibre. He also stated that MTN Ghana is now working to expand its fibre network. In addition, the corporation intends to broaden the scope of this network in order to improve connection across the nation.

 

Plans of MTN Ghana

MTN Ghana places a high premium on investing in the western part of Ghana in order to lessen the amount of time that its fibre networks are offline and to improve the overall quality of its services. 

The operator has been confronted with substantial issues as a result of mining activities that have been described as “illegal” and “irresponsible,” which have caused damage to fibre lines. For the sole purpose of resolving these problems, around 35 km of fibre optic cables have been deployed in the western region so far this year.

MTN Ghana is unwavering in its dedication to the ambitious infrastructure investment plan it has laid out for the country. This plan focuses on delivering dependable connection while also contributing to Ghana’s ongoing digital transformation. The company is well positioned to consolidate its position as a top telecommunications provider in the country, thanks to the positive projections of the CEO and the efforts that are still ongoing.

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About MTN Ghana

MTN Ghana is the market leader when it comes to the provision of mobile telecommunications services in Ghana. As of the end of December 2017, the company had more than 17.83 million subscribers and held around 55.09% of the market share. MTN Ghana employs 750 employees.

MTN was crowned the winner of Ghana’s Speedtest Awards for mobile network speed during the third and fourth quarters of 2021. MTN was able to attain a Speed Score of 12.84, with median download speeds of 8.24 Mbps and median upload speeds of 7.60 Mbps, which allowed them to take home this honour.

MTN Ghana also provides its valued customers with a selection of interesting products and services, categorised as either postpaid or prepaid, under both types of subscriptions.

Tags: InvestmentMTN Ghana
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

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