We make GHC9.3 million everyday - MTN Ghana

Management of Telecommunications Network MTN have revealed they make make up to GH¢ 9.3 million, or 93 billion old Ghana cedis every single day from their operations in Ghana.

Speaking at a media forum to present the company’s financial performance, CEO of MTN Ghana who is also Vice-President for Southern and East Africa of the Company, Ebenezer Asante-Twum announced the company made a profit of GH¢238 million last year from its subscriber base of 15.7 million Ghanaians. MYNEWSGH.COM covered the event.

We can also report that MTN grew by 23.3% mainly as result of revenue from data and new digital revenue growth with the company’s total revenue soaring to GH¢3.4 billion last year, as against the GH¢2.77 billion revenue they recorded in 2016.

The GH¢3.4 billion revenue when divided by 365 days in the year translates into GH¢9.3m (GH¢9,315,068.49) daily revenue in 2017. This makes MTN the most profitable telecommunications company in the country.

MTN revealed Data revenue increased by 50.6%, supported by the repricing that was implemented in the second half of 2017.

The business reported active data subscribers of 6.5 million. Digital revenue up 37.7% Digital revenue grew by 37.7% last year.

The CEO of MTN also revealed they have an active Mobile Money subscribers hit 7.1 million people as at the moment.