Shares of MTN Ghana on the Ghana Stock Exchange is expected to receive a major boost following the appointment of Stephen Blewett as the new Chief Executive Officer of MTN Ghana.

According to some market analysts, the worth of experience by the new CEO cannot be over emphasised in maintaining the dominance of the telecom firm in the capital market.

Patrick Edem Agama is the Head of Trading at Republic Securities and believes the latest change will send a positive signal to the market.

“This is positive news and we expect a positive impact on MTN stock. Mr. Selorm Adadevoh has left a legacy that can be championed by the new CEO”.

“MTN is one of the largest stock shareholdings in the country, we expect the market to react to this”, he stressed.

Mr. Agama added that Mr. Blewett’s appointment is a strategic move, adding, “Stephen has a lot of experience and so we expect him to bring more and add more to Selorm Adadevoh’s impact in MTN”.

“We know Selorm championed the ambition 2025 which is yet to fully take effect, but we expect him to add more to it and also lead MTN in terms of the 5G”, he added.

Other stock analysts also expressed similar sentiments, and anticipate significant trade in MTN Ghana shares

MTN Group yesterday December 6, 2023, announced the appointment of Stepehen Blewett at CEO of MTN Ghana, following the promotion of Selorm Adadevoh  as the Chief Commercial Officer of the MTN Group.