MTN Ghana is poised to invest $1.1 billion into the country’s economy over the next three years, marking a significant move to enhance its digital infrastructure and advance Artificial Intelligence (AI) initiatives.
This announcement came during a three-day visit to Ghana by Ralph Mupita, President and CEO of MTN Group, who underscores the importance of this investment for the nation’s tech evolution.
The funds will primarily focus on improving network infrastructure, expanding 4G and 5G connectivity, constructing large-scale data centres, and enhancing customer service.
“Over the next three years, we plan to reinvest approximately US$1.1 billion in Ghana to strengthen network resilience, foster digital inclusion, and support the country’s AI and cloud ambitions,” Mupita stated.
In meetings with Simon Madjie, CEO of the Ghana Investment Promotion Centre, Mupita highlighted the importance of keeping pace with the AI advancements in one of MTN’s most successful markets.
“I believe AI will impact jobs; however, it will also generate more job opportunities than it displaces,” he added, congratulating Stephen Blewett and his team for making MTN Ghana a leader in operational costs.
With about 58% market share, MTN Ghana stands as the largest telecommunications provider in the country, serving over 25 million mobile subscribers. Its Mobile Money (MoMo) service boasts more than 11 million active users and plays a vital role in promoting financial inclusion through services such as merchant payments, microloans, and remittances.
This latest investment mirrors a commitment made in 2022, when MTN vowed to invest over US$1 billion across five years to upgrade infrastructure, extend 4G coverage to over 90%, and enhance national roaming in collaboration with the Ghana Investment Fund for Electronic Communications (GIFEC). That initiative also improved the MoMo platform while reducing transaction fees following the introduction of Ghana’s e-levy.
This time, the focus will expand to include AI and cloud computing, with plans to better utilise subsea cable capacity and establish hyperscale data centres to transform Ghana into a competitive digital hub in West Africa.
In addition to infrastructure, the investment will prioritise human capital development.
“We need to equip the younger generation with the digital skills necessary for a rapidly evolving global economy,” Mupita emphasised, pointing to MTN’s support for coding academies, AI training programs, and startup incubation efforts as part of their commitment to youth upskilling.
This renewed commitment reflects a strong vote of confidence in the country’s long-term digital prospects, driven by its leading telecommunications operator.
