Telecom giant, MTN-Ghana, says the decision to spend one per cent of its profit after tax on corporate social responsibility programs is unprecedented in Ghana.

Chief Executive, Ebenezer Twum Asante says the company has set aside over 19. 5 million Ghana annually for education, health and sanitation, among others.

 He is convinced no company in Ghana’s corporate history has done as much to improve the lives of the citizenry.

Mr. Twum Asante was speaking after receiving an award from Asantehene, Otumfuo Osei Tutu the second, for its contribution to the Otumfuo Charity Foundation at the Asantehene’s Teachers Award ceremony.

“You’ve paid your taxes: 30 per cent goes into taxes. Other percentages up to 5 %  goes into other national contributions and when you have deducted everything,  the money that should go to your shareholders who have invested in your network you still set aside 1 per cent .

 Tell me if you know of  any organisation in the country that has the initiative where a commitment is made  that one per cent profit after tax is invested in social responsibility initiatives”, he inquired from Nhyira News.

He is convinced MTN leads in corporate responsibility commitments among local indigenous firms or foreign own.

“There’s no other organisation like that in this country or for that matter in any other country that I know has that commitment to invest 1 % of profit after tax in social responsibility programs”.

The company supported the Foundation with Gh 15,000 for this year’s teachers’ award ceremony.

MTN currently leads the mobile telephony subscriber base with over 15 million.

It has since 2006 invested over 2.4 billion dollars in, averaging a whooping 110 million dollars annually.

Mr. Twum Asante, the first Ghanaian to be appointed Chief Executive of MTN-Ghana dismisses suggestions one per cent profit investment corporate social responsibility programs is not enough. 

“I think we should be applauded   rather than you been in your cynical best to say is it enough? It’s more than enough”.