MTN Ghana has handed a check worth GH34,581,713.52 to the Social Security and National Insurance Trust (SSNIT) for the interim dividend for 2022 and 2023. The interim dividend for 2023 was GHC 9.9 million, compared to GHC 24 million for 2022. The majority shareholder of MTN Ghana is SSNIT. The final dividend for 2022 was 12.4 pesewas per share, bringing the total dividend for 2022 to 16.4 pesewas for every share that a shareholder holds in MTN Ghana. We then pay 5 pesewas per share as the interim dividend for 2023, according to Mrs. Antoinette Kwofie, Chief Financial Officer of MTN, who presented the check in Accra. She claimed that it was an agreement between MTN and their main investor to persuade them to continue investing in MTN-affiliated companies and maybe raise their investment to localise the company even further.
"For our final dividend for 2022, MTN Ghana gave all shareholders the option to opt for scrip dividend, which was to take their dividend in shares entirely in cash," she continued. It was implied that it was only for institutional investors when she added that they had individual investors who agreed to receive their dividend in shares, so increasing their interest in the company. MTN Ghana, according to Mrs. Kwofie, is dedicated to creating a sustainable business and offering stakeholders and customers sustainable solutions. "Shareholders can expect its vow to maintain our dividend payout ratio over 60% by increasing investor communication to the market, expanding revenues, and protecting its margins. We will endeavour to fulfil that pledge to the market, she continued. Dr. John Ofori-Tenkorang, Director-General of SSNIT, praised MTN Ghana on the accomplishment and predicted that the dividend will increase in the coming years. He stated that "for us investors, returns is one of the key components of the tools that we have to deliver pension payment for life to our stakeholders."
He declared that SSNIT would uphold its responsibility to collect employee contributions and pay out benefits through ongoing and careful investment. According to Mr. Ofori-Tenkorang, enterprises must register their staff with SSNIT in order to expand operations and collect enough contributions to provide benefits to their clients. He said his company was looking forwards to working with MTN on a mutually beneficial basis.
HOW DO MTN GHANA MAKES MONEY
MTN Group, a multinational telecommunications company primarily operating in Africa and the Middle East, generates revenue through various channels. Here are some of the key ways in which MTN makes money:
1. **Mobile Services**: MTN generates a significant portion of its revenue from providing mobile telecommunication services to consumers. This includes revenue from voice calls, text messages (SMS), and mobile data services. Users pay for these services through prepaid or postpaid plans.
2. **Data Services**: Data services, including mobile internet and broadband, have become a substantial revenue stream for MTN. This includes selling data bundles, mobile internet subscriptions, and providing internet access through various technologies such as 3G, 4G, and potentially 5G.
3. **Value-Added Services (VAS)**: MTN offers various value-added services to its subscribers, including content services like music and video streaming, mobile banking, and other digital services. These services often come with subscription fees or usage charges.
4. **Roaming and International Services**: When MTN subscribers use their mobile phones while traveling abroad, MTN earns revenue from international roaming agreements with other telecommunications providers. They also provide international calling and messaging services.
5. **Enterprise Solutions**: MTN serves the business and corporate market by offering various enterprise solutions, including cloud services, connectivity solutions, and managed IT services. This involves providing customized services to meet the communication and data needs of businesses.
6. **Mobile Money**: MTN has ventured into the mobile money space in several of its markets. Services like MTN Mobile Money allow users to make payments, transfer money, and perform other financial transactions using their mobile phones. MTN earns fees from these transactions.
7. **Wholesale Services**: MTN may lease its network infrastructure to other smaller telecommunications companies or offer wholesale services, such as data transit, to other providers. This can generate revenue for MTN.
8. **Selling Handsets and Devices**: MTN may also sell mobile phones, tablets, and other devices to customers, either directly or through partnerships with device manufacturers.
9. **Advertising and Sponsorships**: MTN may generate revenue through advertising on its digital platforms, including mobile apps and websites. They may also sponsor events, sports teams, or cultural initiatives to promote their brand and products.
10. **Fiber and Fixed-Line Services**: In some markets, MTN offers fixed-line services, including broadband internet and landline telephony. This diversifies their revenue streams beyond mobile services.
11. **Content Licensing**: MTN may license content such as music, videos, and applications for distribution to its subscribers, earning a share of the revenue from these content sales.
12. **Investment Income**: MTN may also earn income from investments in other companies or ventures related to the telecommunications and technology sectors.
MTN's revenue comes from a combination of these sources, and the specific revenue mix can vary from one market to another, depending on the local telecommunications landscape and customer preferences. The company's ability to adapt to evolving technologies and consumer demands is crucial for its continued success and revenue growth.
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