Rosina Oyivor, GNA
Ho, June 12, GNA – 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
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 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,”
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 un-banked.
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