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MTN Group will invest US$1 billion in Ghana over the next five years after the government exempted its Ghanaian unit from back tax claims worth about US$773 million. “We will invest an equivalent of $1 billion of capital expenditure over the next 5 years. We see 5G as a technology…
MTN Group today reaffirmed its commitment to Ghana, a market it has been invested in for over 25 years. Since beginning operations in the market, the business has been integral to the economy of Ghana, focusing on enabling connectivity, inclusivity and socio-economic transformation through digital technologies. Speaking from the MTN Headquarters in Johannesburg, Group President and CEO Ralph Mupita said: “MTN remains excited and highly committed to Ghana as a market. To be sure, macro-economic conditions are very challenging in the near term. That said we are focused on the medium and long term and we are seeing growth.”