Bussiness
Eli Hini commends MTN’s contributions to national revenue
General Manager of MTN Mobile Money, Eli Hini
Mr Eli Hini, Chief Executive Officer of Mobile Money Limited, a subsidiary of MTN Ghana has touted the company’s contributions to the national revenue and development of the local economy saying, “we’re a good corporate citizen.”
He disclosed that MTN Ghana contributed of GH¢3.1 billion revenue to the state in 2021 by paying GH¢2.54 billion in overall taxes, representing 4.4 per cent of total national tax revenue.
The Company also paid GH¢119 million as National Fiscal Stabilisation Levy (NFSL), representing 18 per cent of overall NFSL paid in Ghana, and GH¢297 million Communication Service Tax (CST), representing 56 per cent of overall CST received in the year.
Mr Hini who made this known during the 2022 edition of the MTN Editors Forum held in Ho for senior media practitioners and other stakeholders in the Volta Region noted that MTN Ghana “provides 500,000 plus jobs through its ecosystem of partnerships and suppliers.”
He added that the company kept supporting local value chains with a greater percentage of money spent on supplies going to local suppliers.
“Total active supplier base is 1,144 with 897 local suppliers. This represents 78 percent of the total active local supplier base in 2021. There was a total spend of GHS3,201,552,901 in the year with local supplier spend being 75 percent.”
Mr Hini said MTN, Ghana’s leading mobile network operator providing voice, data, digital, enterprise and other services had in the past year, sought to transform the network to improve customer experience and through innovations, do more to excite and enhance lives of customers not just in Ghana but Africa by way of “Ambition 2025” for “our strategic intent is to lead digital solutions for Africa’s progress.”
MTN Editors Forum is one of the annual events the company uses to engage, share key highlights of its performances, and plans with the public and solicit feedback from them with the aim of improving service delivery to customers.
Source: GNA
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
The Minister for Finance Hon. Cassiel Ato Forson has disclosed that a sum of nine hundred and Eighty-Seven Million, Nine Hundred and Sixty-Five thousand and Seventy-Three Ghana Cedis (GHS987,965,073.00) from the Consolidated Fund into the District Assembly Common Fund Account, being the first quarter amount due to the DACF.
Furthermore, the Finance Minister informed the House that a total amount of Two Billion, Thirty- Three Million, Four Hundred and Sixty-Nine Thousand, Six Hundred and Seven Ghana Cedis (GHS2,033,469,607) has been disbursed to the National Health Insurance Fund.
While the Ghana Education Trust Fund has also received a total of Two Billion, Seven and Ten Million, Two Hundred and Twenty-Seven Ghana Cedis (GHS2,710,227,947.00) for the months January, February, March and April,2025.
The Finance Minister disclosed this in his statement to Parliament on the payments to statutory funds on the floor of the House.
In addition, he cautioned that the Administrator of the District Assembly Common Fund is required to ensure that 80% of this amount is transferred directly to the Assemblies without fail and expenditure returns submitted to the Ministry of Finance before subsequent releases will be made.
He added that Members are encouraged to monitor the utilization of these amounts sent to their respective Assemblies in line with the approved guidelines by Cabinet.
In his closing remark, Ato Forson said he’s going to take the concerns of the House seriously.
For his part, the Majority Leader, Mahama Ayariga made known the President’s prioritization of women in the country stating that President Mahama is “Pro-women”.
This is due to the fact that women are going to be the core beneficiaries from the expenditures going to be made by the MMDA’s, he added.
The Minority Leader Alexander Afenyo-Markin questioned the Finance Minister why road contractors have not been paid for more than five months. He said the Minister must not be applauded for since the allocation of these funds were long overdue.
