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MTN offers in excess of ¢9m to SSNIT soon after sturdy fiscal efficiency in 2018


MTN has offered a dividend of in excess of ¢9 million to the Social Security and National Insurance plan Rely on (SSNIT) just after the company recorded a strong fiscal effectiveness in 2018 with earnings just before tax expanding by 16.5 for each cent to ¢1.6 billion, even though earnings for each share was GH¢0.067.

Presenting the cheque, Corporate Assistance Govt of MTN, Sam Koranteng mentioned that the purpose for the dividend was thanks to SNNIT’s huge financial commitment in the telecoms business when it opened its IPO. 

“We went by the IPO which was extremely profitable in 2018 and as a end result of that IPO SSNIT invested in MTN. So we experienced our first AGM after listing on the GSE. The dividend to SSNIT was after a assembly with shareholders,” he mentioned.

In the meantime, Deputy Director for Finance at SSNIT, Michael Addo, recommended MTN for the dividend compensated. He mentioned the payment of the dividend was evident of SSNIT self confidence in the telecoms firm consequently investing in it. 

According to him, “SSNIT is incredibly enthused by MTN’s achievements on the bourse and will be partnering intently with the firm in our technological drive”.

With a current market capitalization of GH¢9.7 billion, MTN continues to be the 3rd largest mentioned business on the Ghana Inventory Trade. 
fibre cable cuts 

MTN Ghana says disruption in its services triggered by fibre cable cuts is on the increase, owning endured 382 incidents amongst January and March, this calendar year, by itself.

Ashanti Area recorded the optimum quantity of fibre cuts of 159, representing 41 for each cent, over Western, Bigger Accra and Central areas.

It expenditures the organization nearly ¢7,000 to mend each and every fibre optic cable wrecked. For instance, the organization invested ¢7.5 on the mend of fibre optic cables in 2018.

MTN Ghana states it invested ¢825 million in community and details technology enhancement in 2018. It also rolled out 368 kilometres fibre optic cables to in excess of 2,000 internet sites across the region.

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