MTN Ghana Sees 34.5% Revenue Surge in 2024: Data and Mobile Money Lead the Way

By Stanley Senya

Accra, March 30, GNA – MTN Ghana reported a significant increase of 34.5 percent in their service revenue. This growth was fueled by higher mobile data consumption, an extended reach of 4G and 5G networks, as well as a surge in mobile money activities.

At the 7th Annual General Meeting, CEO Mr. Stephen Blewett unveiled MTN Ghana’s 2024 Annual Report, underscoring the key strategies that drove the company’s success.

He stated, “Our service revenue rose by 34.5 percent compared to the previous year, surpassing projections. This achievement can be attributed to the expansion of our data services, the success of Mobile Money (MoMo), and ongoing digital innovations.”

“By aggressively investing in our network growth, especially in 4G technology, we have notably boosted customer acquisition and engagement,” Mr Blewett noted.

MTN Ghana experienced a significant rise of 53.8 percent year-over-year in their data revenue, amounting to GHS9.0 billion, thanks to enhanced network facilities and an increasing number of customers. Additionally, Mobile Money revenue saw a growth of 54.4%, totaling GHS4.4 billion, highlighting the essential part this service plays within Ghana’s evolving digital finance landscape.

In spite of its robust financial performance, MTN Ghana continued to approach the broader economic environment with caution.

The CEO admitted that inflationary pressures and currency devaluation might pose challenges in 2025.

“We expect ongoing economic hurdles such as inflationary pressures and exchange rate volatility, which could affect consumer expenditure and overall economic expansion. Nonetheless, we are dedicated to maintaining cost efficiencies and making strategic investments to uphold our growth path,” he stated firmly.

Mr. Ishmael Yamson, the Chair of the Board at MTN Ghana, declared a final dividend of 24 pesewas per share, scheduled for payment on April 16, 2025, acknowledging the firm’s strong financial standing.

Considering our robust performance, Mr. Yamson announced that the Board of Directors has approved recommending a final dividend of 24 pesewas per share for shareholder approval.

The aggregate dividend for the fiscal year 2024 amounts to 30.5 pesewas per share, which includes an earlier interim distribution of 6.5 pesewas per share back in September 2024.

This equates to a dividend payout of GH₵4.0 billion, which constitutes 80 percent of MTN Ghana’s GH₵5.0 billion post-tax profit, indicating a significant 35.6% rise in dividends per share compared to 2023.

MTN Ghana committed to maintaining its progress by investing in digital strategies, improving financial services, and expanding its network further.

GNA

GRB

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Free Train Ride Assurance: Osun Safeguards Holiday-Makers, Debunks Insecurity Rumors

The government of Osun State has guaranteed safety for both residents and visitors within the state, advising people who are not in the area to ignore social media posts indicating otherwise.

These incidents follow recent communal clashes in Ifon, Ilobu, and Erin Osun, resulting in fatalities and damage to properties.

While welcoming tourists who had come to Osogbo through the state’s Imole Free Train Service, the Commerce Commissioner, Bunmi Jenyo, urged them to freely explore the region.

“It has been another successful trip for us in Osun as we see travelers moving from Lagos and Ogun states to Osun state during holidays. We thank Governor Ademola Adeleke for his gracious initiative,” Jenyo stated.

He encouraged visitors to disregard security concerns being shared online, stressing that Osun continues to be tranquil.

Osun is secure. Please ignore any posts on social media suggesting otherwise about the safety of Osun. The present government has taken significant measures to ensure the security of every part of Osun, and we can all attest to the progress made in various areas.

“Although the opposition might use social media to spread alternative narratives, do not take their claims at face value. I encourage them to visit various regions within the state and observe the ongoing projects. Rest assured, Osun is secure,” he emphasized.

A declaration made by the Information Officer at the Ministry of Commerce, Ademiotan Adegbulugbe, on Sunday affirmed that the Imole Free Train Service, funded by Governor Adeleke’s government, carried numerous vacationers from Lagos to Osogbo on Saturday night.

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Arsenal Taps Andrea Berta as New Sporting Director: International Edition (English)

Arsenal Football Club has announced the selection of Andrea Berta as their new Sporting Director.

Berta, an esteemed figure in football administration, joins Arsenal following a remarkable 12-year stint at Atlético Madrid. During his time there, he was instrumental in assembling teams that secured two La Liga championships (in the 2013/14 and 2020/21 seasons), claimed the Europa League title in 2018, and made appearances in two UEFA Champions League finals.

His skills in assembling squads and identifying talent were crucial in forming Diego Simeone’s tough and competitive Atlético Madrid teams, as stated in a club announcement on Sunday.

Berta came due to the exit of Arsenal’s sports director.
Edu Gaspar
, in November 2024.

Bertha’s enthusiasm for the task ahead

Berta expressed his excitement about the new position saying, “I’m delighted to become part of Arsenal during this incredibly thrilling time for the team. Over the past few years, I’ve closely followed how Arsenal has transformed, and I’ve been impressed by the efforts made to restore the club’s prominence in European soccer, which boasts an ardent global fan base.”

The club boasts admirable principles and an illustrious past, and I’m eager to contribute to building a prosperous future alongside this exceptional squad. I can hardly wait to begin my new position and am truly anticipating my first match at Emirates Stadium in the company of our fans.

Key hire for Arsenal’s upcoming plans

Berta’s hiring coincides with Arsenal’s aim to bolster their football framework under manager Mikel Arteta. The club is keen on taking the next leap in their development following their return to the UEFA Champions League and their pursuit of major accolades in the Premier League.

Co-Chair Josh Kroenke emphasized Berta’s remarkable history, stating: “For anyone familiar with soccer, it’s clear that Andrea stands out as an impressive individual. With extensive expertise in the sport, a proven success rate, a robust connections network, and an unyielding drive to create victorious squads, he embodies everything we look for.”

Andrea will make an excellent contribution to our club. He grasps our principles and mission completely, and we are confident that he will assist us in progressing further and achieving significant milestones as we strive for major honors.

We conducted an extensive recruitment process, and we were greatly impressed by the caliber of all the applicants. However, it was Andrea’s track record and his proven successes that made him stand apart. We are very excited about collaborating with him and integrating him into our Arsenal community.

Background, experience

Prior to his achievements at Atlético Madrid, Bertola served in various technical capacities at Italian teams Carpenedolo, Parma, and Genoa, progressively advancing due to his adeptness in assembling shrewd squads and strategically signing players. He has garnered significant acclaim throughout Europe for his skill in integrating seasoned veterans with up-and-coming talents.

Berta’s transfer to Arsenal coincides with the team’s emphasis on strengthening their roster depth and strategic future planning. It is anticipated that his addition will introduce a systematic method to player acquisition, deal discussions, and comprehensive sports policy.

With Arsenal aiming to return to their glory days, Berta’s arrival signals a commitment to sustained success. His first test in the role will be shaping the club’s summer transfer strategy ahead of the 2025/26 season.

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Ladoja Supports Tinubu’s Call for State of Emergency in Rivers


By Olatunde Ajayi

The former governor of Oyo State, Rasheed Ladoja, has stated that President Bola Tinubu’s involvement in the current political unrest in Rivers State ought not to be misinterpreted as a danger to democratic principles.

On Sunday, while welcoming dignitaries to his home in Ibadan for the Eid-el-Fitr festivities, Ladoja spoke out in support of the President’s actions, asserting that these measures have contributed to stabilizing the region.

“The interim measures implemented by the President have ushered in a period of relative calm within the state,” he stated.

Ladoja urged the elders and prominent political figures implicated in the Rivers conflict to adopt dialogues as a means toward achieving peace, emphasizing that individuals genuinely committed to serving the public ought to be willing to engage in conversations.

He appealed to the people of Rivers State and all involved parties to stay calm while awaiting the outcome of the lawsuit submitted by the PDP governors, cautioning them against causing undue stress.

Ladoja emphasized the core spirit of Ramadan, urging Nigerians to extend their charitable actions past the fasting months and advocating for a more unselfish and empathetic community.

” numerous individuals have undergone voluntary and mandatory fasts because of insufficient food availability prior to the start of Ramadan,” he pointed out.

“Beyond abstaining from sin, Ramadan also instructs us to acknowledge and support those lacking fundamental necessities for survival. We should adopt a life of sacrifice,” Ladoja noted.

He appealed to kind-hearted Nigerians to maintain the essence of generosity and compassion, making sure that those less fortunate are not overlooked in Nigeria’s social and economic framework.

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Twitter GOES DARK: Thousands Report Issues as X Newsfeed Fails

Twitter GOES DARK: Thousands Report Issues as X Newsfeed Fails

Twitter
has crashed for numerous users experiencing problems with their news feed within the social media application.

Reports of issues with the app surged dramatically this afternoon, as per the Downdetector monitoring site.

During the height of the problem around 3 pm, over 1,900 individuals reached out to the service within the past day, all experiencing difficulties with the application.

The numbers subsequently dropped but have since begun to increase once more, with approximately 1,700 reports recorded as of shortly past 4 pm in the last 24 hours.

Recently, multiple users have encountered an error message stating: “Unable to fetch posts right now. Please attempt to refresh the page later.”

A commentator on the Downdetector site remarked: “Thanks, Elon, for your remarkable competence.”

The majority of issues, totaling 74 percent, were brought up through the app rather than the website, which was cited in only 25 percent of cases.

Only 1 per cent of reports were about the comments.


Read more

PM Modi’s 10-Year Achievements Outshine Congress’ 65 Years: Amit Shah in Bihar

PM Modi’s 10-Year Achievements Outshine Congress’ 65 Years: Amit Shah in Bihar

Gopalganj (Bihar), India, March 30 (ANI): The Union Home Minister
Amit Shah
on Sunday said that Congress failed to carry out development work in the last 65 years, while Prime Minister Narendra Modi achieved significant progress in just 10 years.

At a gathering in Gopalganj, Shah emphasized the accomplishments of the BJP-run administration and contrasted these with the preceding governance.

“Under our BJP administration, we allocated Rs 6,000 annually to 87 lakh farmers… Through the Jal Jeevan Mission, we brought tap water access to 1 crore 60 lakh households. Health services worth up to Rs 5 lakh were made available to 3 crore 52 lakh individuals… Additionally, we ensured cooking gas connections for 1 crore 17 lakh women… The RJD previously wreaked havoc across Bihar with rampant kidnappings, murders, and intimidation. Do the citizens of Bihar wish to return to such governance?” he questioned.

He mentioned that Bihar saw progress following the NDA government taking office.

In 2025, elections for the Vidhan Sabha will take place in Bihar. At this point, the state needs to determine if it wishes to move towards the ‘Jungle Raj’ led by Lalu Yadav and Rabri Devi, or pursue the developmental pathway.
PM Modi
and
CM Nitish Kumar
When the NDA government took office in Bihar, progress began to take shape.
PM Modi
Over the past decade, numerous developmental projects have been undertaken which Congress failed to accomplish over the span of 65 years…, according to Shah.

The Home Minister similarly criticized the previous Chief Minister of Bihar.
Lalu Prasad Yadav
, calling his 1990-2005 tenure an era of “Jungle Raj” and accusing his government of corruption, particularly citing the fodder scam.

During Lalu Yadav’s tenure as chief minister from 1990 to 2005, his administration tarnished Bihar’s reputation both nationally and internationally through a widespread fodder scam across the state. His regime will forever be remembered as ‘Jungle Raj’ in Bihar’s historical narrative,” stated the Home Minister.

Earlier in the day,
Amit Shah
was inaugurated and participated in laying the foundation stones for several development initiatives across Bihar.

He likewise emphasized the BJP administration’s initiatives in building infrastructure.

Under Nitish Kumar’s leadership, roads, electricity, and piped water now extend to every village.
PM Modi
has strived to advance Bihar’s underprivileged by providing them with homes, bathrooms, water supply, medical care, and rations,” he further stated.

Shah also discussed the BJP’s efforts in agriculture, specifically via Primary Agricultural Credit Societies (PACS). He highlighted their work with maize cultivation as well as reopening idle factories.

“The BJP-led government has made several attempts to bolster PACS. They set up a maize processing facility and revitalized it with an investment of Rs 1,000 crore to assist corn growers,” he stated.

Apart from discussing farming, Shah talked about the BJP’s dedication to rejuvenating sugar mills and boosting output in the pulses and oilseed industries. He further emphasized PACS’ growth into emerging market segments.

“We are exerting our best efforts to get the shut-down sugar mills up and running again. Significant progress has been made in both the pulse and oilseed industries too. Currently, all PACS presidents are gathered at this location. Additionally, these PACS entities are venturing into new areas such as operating pharmacies and fuel stations,” he stated.

Bihar is gearing up for assembly elections later this year. (ANI)

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