Telecommunications giant, MTN Ghana, is blaming challenges regarding its share price to external issues rather than the company's performance.
The share price of the company has dropped significantly from a listing price of 75 pesewas per share to 59 pesewas per share.
Chief Executive, Selorm Adadevoh, who disclosed this during a virtual meeting said his outfit is hopeful the company will be stable and investor confidence will soar, culminating in an increase in its stock price.
He further said, “the number of external factors that also drive the stock price, how the economy is doing, concerns around what the future of the economy looks like, where the business is going, they are all different types of factors that drive this”.
“If you look at the amount of investor attention we got from our declaration as SMP as well, you will notice that people are varying data or information as far as Ghana is concerned”, he pointed out.
He explained that “management of the company can guarantee that they will continue to drive the business forward, continue to see robust performance and will continue to deliver on their objective and plans”.
MTN Ghana controls more than 50% of the telecom market share in terms of voice and over 70% in terms of data.
Latest Stories
-
Ghana’s Antoine Semenyo fires Bournemouth to victory against Wolves
11 mins -
Everton 2-0 Liverpool: Everton apply final blow to Liverpool title challenge
20 mins -
Akufo-Addo nominates Felicia Attipoe as Tema West MCE
22 mins -
Today’s front pages: Thursday, April 25, 2024
30 mins -
We’ll not engage in opaque and obscure deals when elected – Prof Opoku-Agyemang
55 mins -
Energy and Finance Ministries must provide funding to fix energy challenges – IES
1 hour -
Reintroduce Fiscal Responsibility Act to tackle election budget overrun – Osafo Marfo
1 hour -
Prioritise transparency, avoid suppressing the truth – Opoku-Agyemang advises EC
1 hour -
In times of setbacks, I won’t say I was only the driver’s mate – Naana Jane assures Mahama
1 hour -
Joselyn Dumas opens up on why single mothers struggle to find partners
1 hour -
Three damaged ECG pylons result in power outage for 9 Shama communities
1 hour -
Dual citizens eligible for Chief Justice, Chief Director, other positions – Supreme Court rules
2 hours -
SIGA urges increased financial support for SOEs
2 hours -
Akufo-Addo vows to enhance Ghana’s power supply
2 hours -
19 steps for getting over even the most devastating breakup fast
5 hours