{"id":22578,"date":"2022-05-28T07:16:59","date_gmt":"2022-05-28T07:16:59","guid":{"rendered":"https:\/\/www.nsemgh.com\/?p=22578"},"modified":"2022-05-28T07:16:59","modified_gmt":"2022-05-28T07:16:59","slug":"we-want-ghanaians-to-own-30-of-mtn-ghana-shares-by-end-of-2022-group-ceo","status":"publish","type":"post","link":"https:\/\/www.nsemgh.com\/2022\/05\/28\/we-want-ghanaians-to-own-30-of-mtn-ghana-shares-by-end-of-2022-group-ceo\/","title":{"rendered":"We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 \u2013 GROUP CEO"},"content":{"rendered":"

Group CEO of leading telecommunications company MTN, Ralph Mupita has revealed the network\u2019s goal of further localizing the company by having Ghanaians own at least 30% of MTN shares in the country by the end of this year.<\/p>\n

The telecom company concluded its Initial Public Offering (IPO) in August 2018, selling over 1.5 million shares and raising an amount of GH\u00a2 1.146 billion at the time.<\/p>\n

Though the IPO couldn\u2019t attract the estimated GH\u00a2 3.5 billion target, the GH\u00a2 1.146 billion it raised is considered remarkable as it is the largest volume of offers in the history of the Ghana stock exchange.<\/p>\n

Speaking on the future of MTN Ghana in an interaction with a section of the Ghanaian media, Mr. Mupita noted that it was important that Ghanaians participate in the economic success of MTN.<\/p>\n

\"\"<\/p>\n

\u201cSo 30% local ownership is the target we have committed to, and I\u2019m very pleased to say we\u2019ve made progress as we are currently at 23.7%. The reason we want Ghanaians to own the shares is that we want more Ghanaians to enjoy and participate in the economic success of MTN. So that program of further localization is still intact. We are targeting to get to the 30% localization by the end of the year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Group CEO of leading telecommunications company MTN, Ralph Mupita has revealed the network\u2019s goal of further localizing the company by having Ghanaians own at least 30% of MTN shares in the country by the end of this year. The telecom company concluded its Initial Public Offering (IPO) in August 2018, selling over 1.5 million shares […]<\/p>\n","protected":false},"author":8,"featured_media":22579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61],"tags":[3577,192,13306,4521,12502,9281,1212,13152,6808,6327,9030],"class_list":["post-22578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-future","tag-ghana","tag-ghana-stock-exchange","tag-ghanaian","tag-ghanaians","tag-ipo","tag-mtn","tag-mtn-ghana","tag-shares","tag-stock","tag-success"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/22578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=22578"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/22578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/22579"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=22578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=22578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=22578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}