MTN Ghana achieves 30% localisation as economic pressures persist
MTN Ghana
MTN Ghana has reaffirmed its commitment to localizing its operations, achieving a 2.1% increase in the localization of Scancom PLC in the third quarter of 2024. This brings the total localization level to 30%.
Read full articleThe company is actively collaborating with regulatory authorities to finalize the localization of MobileMoney Limited, ensuring compliance with local regulations.
Looking ahead, MTN Ghana anticipates a challenging macroeconomic environment in the last quarter of 2024, characterized by high inflation and currency depreciation. These factors are expected to exert pressure on economic growth and consumer spending.
In response, MTN Ghana plans to focus on cost efficiencies and disciplined spending to mitigate the impact of rising operational costs.
To enhance service delivery, MTN Ghana aims to improve its platforms, including the myMTN and MoMo apps, while investing in expanding data access, particularly in rural areas, and promoting smartphone adoption.
The company is also committed to strengthening partnerships with financial institutions, agents, and merchants to enhance the MoMo ecosystem and drive the adoption of advanced mobile money services, which aligns with its financial inclusion initiatives.
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