MTN Ghana launches 35% public shares in Upper East Region

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Telecommunication giant in the country, MTN Ghana, has launched its Initial Public Offer (IPO) of shares in Bolgatanga, Upper East Regional capital with a call on the public to invest in the acquisition of shares and share in the growth of the company.

MTN has made 30 percent of its shares available to Ghanaians as part of requirements for operating a 4G network in the country. The offer is opened from 29th May to 31st July, 2018 and at Gh 0.75 per share.

Similar launches have been done in the Greater Accra, Ashanti, Volta, Northern and Upper West Regions.

Sales and Distribution Executive of MTN, Eric Nsarkoh said the track record of MTN since its inception in the country gives an indication of value for money when people buy its shares.

“MTN is under a governance structure and the way the governance structure has preserved value over the period, gives you an indication of what you are getting into going forward” he said.

Mr. Nsarkoh added that the IPO is a “partnership” for MTN and the public to grow together.

Upper East Regional Minister; Rockson Ayine Bukari commended MTN for being a pacesetter in keeping the telecommunication sector in the country active and comfortable.

“MTN has proven itself to be a good corporate body, playing a key role in this country’s development. The company has remained the largest task payer in the telecoms industry and its contribution to Ghana’s investment prime”

The minister commended MTN for creating employment for teeming unemployed people in its mobile money initiative.

He said government is taking into consideration the importance of Information Communication Technology to the transformation of the country to ensure that the right policies and structures are put in place to grow the industry.

“The national cyber security policy have been implemented to build confidence and to protect the use of electronic communication for national development”

Mr. Bukari announced government’s plans to build additional 20 community information centers this year in under developed areas and equip them “to spread the benefit of digitization”

By: Joshua Asaah|A1radioonline.com|101.1MHz

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