MTN Contributes GH¢3bn To Govt Revenue - www.asempanews.com

Government received a total of GH¢3.1 billion revenue from the mobile telephony giant, MTN Ghana in 2021.

The amount, which is key in contributing towards the national economy and development, constitutes GH¢2.54 billion in overall taxes, which is 4.4 percent of total national tax revenue and GH¢119 million as National Fiscal Stabilisation Levy (NFSL), representing 18 percent of overall NFSL paid in Ghana.

The rest is GH¢297 million Communication Service Tax (CST), representing 56 percent of overall CST received in the year.

According to Eli Hini, Chief Executive Officer (CEO) of Mobile Money Limited, a subsidiary of MTN Ghana, payment of such revenue is testament to the company’s commitment towards the improvement of the national economy and development.

He added that apart from revenue payment, the company is providing “500,000 plus jobs through its ecosystem of partnerships and suppliers alone.” These partnerships and suppliers constitute 897 local suppliers out of the total active supplier base of 1,114

This means that about 78 percent of the supplier base of the company are based in the country (local).

Furthermore, out of a total spend of GH¢3,201,552,901 on supplies in 2021, 75 percent was spent on local suppliers; thus the company spends heavily locally as its way of improving the local value chain and expertise.