ADVERTISEMENT

MTN made GH₵9.3m daily In 2017

The revenue recorded by MTN is a 23.3% increase in revenue as compared to the GH₵2.77 billion revenue recorded in 2016.

This is a 23.3% increase in revenue as compared to the GH₵2.77 billion revenue recorded in 2016.

The GH₵3.4 billion revenue divided by 365 days in the year translates into GH₵9.3m (GH₵9,315,068.49) daily revenue in 2017.

ADVERTISEMENT

At a media forum to present the company’s financial performance, Vice-President for Southern and East Africa and Chief Executive Officer (CEO) of MTN Ghana, Ebenezer Asante-Twum said the company made a profit of GH₵238 million last year.

Data revenue of MTN also increased by 50.6%. This was mainly supported by the re‐pricing that was implemented in the second half of 2017.

Strong growth in revenue, up by 23.3%, was underpinned by data and digital revenue growth.

The business reported active data subscribers of 6.5 million.

Meanwhile, the number of active Mobile Money (MoMo) subscribers expanded by 25.7% to 7.1 million.

ADVERTISEMENT

In the year, Mobile Money made up 13.6% of MTN Ghana revenue.

Mr Asante-Twum said MTN made GH₵98.9 million interest payments to Mobile Money subscribers from January 2016 to December 2017.

In 2017 alone, he said, MTN paid GH₵71 million by way of interest to subscribers.

MTN recorded 8.3 million active wallets for 90 days.

ADVERTISEMENT

MTN paid GH₵1.218 billion in taxes, made up of GH₵1.059 billion to the Ghana Revenue Authority (GRA) and GH₵159.4 million to the regulators, National Communications Authority (NCA) and Ghana Investment Fund for Electronic Communications (GIFEC).

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT