MTN Ghana pays GH¢729.3m in taxes
A leading telecommunications service provider, MTN paid a whopping GH¢729.3 million and US$26.1 million in various forms of charges to the state in 2015.
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That made the company one of the corporate entities that helped the government to generate high revenue.
The payments include GH¢675.6 million to the Ghana Revenue Authority as income taxes, Ghc43.7million as charges to the National Communications Authority (NCA) and the Ghana Investment Fund for Electronic Communications (GIFEC) and US$26.1 million from Surtax on Inbound International Traffic (SIIT).
The Corporate Services Executive of MTN, Ms Cynthia Lumor, who announced this at this year’s annual Ashanti Regional Stakeholders Forum in Kumasi noted that aside these obligatory payments the company had also invested huge sums of money to improve the lives of the people of Ghana.
The occasion which was attended by representatives of various media houses in the region and some partners of MTN was also used to launch the company’s 20 years anniversary in the region.
Ms Lumor said investments were made through the company’s foundation which had over the years offered scholarships, built and renovated health facilities and educational institutions, a move that was all geared towards assisting the government to meet the needs of the people.
She explained that the company had offered thousands of jobs directly and indirectly to Ghanaians and was also investing more to ensure that many people through the company get employment and better lives.
4G
She explained that the company invested GH¢67.5 million in the 4G technology to provide efficient and effective network for its customers and also ensure that Ghanaian businesses also use the technology to gain competitive advantage, generate employment and increase government revenue for development.
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She added that already some customers have started benefitting from the fast moving 4G technology and said very soon all the customers would be rolled on into the technology.
Battery Theft
One major problem facing the company according to Mr Osei-Akoto was battery theft at its various sites in the country and added that such theft had a negative impact on the service of the company.
He said to address the problem, the company had branded all its batteries in yellow colours and embossed MTN on them just to ensure that they did not become attractive to robbers.
In 2014, the company spent more than US$4 million to replace stolen batteries around the country.