MTN commits billions to Ghana 5G network after tax dispute settled
MTN Group will invest the equivalent of R18-billion in Ghana over the next five years after the government exempted its Ghanaian unit from tax claims.
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MTN Group will invest the equivalent of R18-billion in Ghana over the next five years after the government exempted its Ghanaian unit from tax claims.
Intends to invest the amount in 5G technology which it believes would spur faster growth across sectors.
Following the apparent resolution of its tax dispute with the Ghanaian government, MTN Group, Africa’s largest mobile network operator, has now said it plans to invest US$1 billion in Ghana over the next five years.
MTN Group successfully argued against a massive GHS8.2 billion (US$665 billion) tax bill from the Ghana government, which withdrew the bill after accusing the operator of under-declaring revenue for four years.
MTN Group Limited, Africa’s largest wireless carrier, has said a GH¢8.2 billion ($672 million) tax bill it received from the Ghana Revenue Authority (GRA) has been scrapped.