MTN Ghana has maintained its unwavering dedication to localizing Scancom PLC and MobileMoney Limited in compliance with regulations, achieving significant progress in this endeavor.

According to the telecom giant, 2.1% localisation was achieved in the third quarter of 2024, bringing the current localisation of Scancom PLC to 30%.

The company in its Third Quarter Annua Report said it is working with the relevant regulatory authorities to finalise the localisation of MobileMoney Limited.

Outlook

MTN Ghana said the macroeconomic outlook for Ghana in the last quarter of 2024 is expected to remain challenging due to risk of high inflation and currency depreciation.

These factors, it added, could potentially impact economic growth and result in increased pressures on consumer spend.

In light of these macroeconomic challenges, MTN Ghana will however continue to seek cost efficiencies and maintain spending discipline to mitigate the impact of inflation on its overall operational costs.

“MTN Ghana is focused on improving platforms like myMTN and the MoMo app for better services. We will invest to capture opportunities from the growing demand for data by expanding data access, especially in rural areas and promoting smartphone adoption. We are dedicated to expanding partnerships with financial institutions, agents and merchants to grow the MoMo ecosystem and drive use of advanced MoMo services”, it continued.

It mentioned that this commitment is central to driving its financial inclusion agenda and initiatives.