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General News of Wednesday, 21 November 2007

Source: GNA

MTN-Ghana Foundation to focus on education, health

Accra, Nov. 21, GNA - Mobile Telecommunication Network (MTN) Ghana will on Friday outdoor MTN-Ghana Foundation to independently manage and direct the company's corporate social responsibility projects countrywide.

The Foundation, which would comprise experts from various fields of endeavour other than MTN employees, would initiate policies and implement projects independently of the company focussing mainly on education and health.

Briefing the media on Wednesday, Ms Mawuena Dumor, Corporate Service Executive of MTN, said the company would commit one per cent of its profit after tax annually for the Foundation's operations. She said the MTN considered the move as an operational requirement, which would drive its investments to enhance socio-economic development, MTN brand in operating areas and foster strategic partnership through good corporate citizenship collaboration with other sectors. "As a registered separate legal entity, the Foundation with an autonomous Board of Directors would consider interventions which would be of national interest and be sustainable." The Foundation, she said, would be launched simultaneously in Accra, Sunyani and Tamale.

She said MTN, formerly Areeba Network, had in 10 years injected 20 million dollars into the Ghanaian economy through its corporate social responsibilities.