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10.05.2019 Business & Finance

Ghana Losses Ghc23.8m Revenue Through Fibre Cut -Mtn Executive

By  Isaac Okyere
Ghana Losses Ghc23.8m Revenue Through Fibre Cut -Mtn Executive
MAY 10, 2019 BUSINESS & FINANCE

The country Ghana has lost over Ghc 23.8 million from it coffers through fibre cuts and interrupted communication network from MTN, the telecommunication giants in Ghana.

The biggest tax paying company MTN, has also losses a cost of about Ghc39 million through fibre cuts and unavailability network between February to October, 2018.

Mr Samuel Koranteng, the Corporate Affairs Executive for MTN gave the hint in an interview at the media editors forum held in Kumasi, Thursday.

The forum engaged the media as a major stakeholder of the activities of the Telecommunication company.

Speaking in an interview with Modern Ghana, Mr Koranteng stated that "the government lost Ghc16 million as taxes to be paid to GRA whiles the regulators, NCA and gifec loses Ghc7.8 million".

Government could have received a total of Ghc23.8 million into its coffer's if MTN realized Ghc39 million which was lost through fibre cuts.

"Cutdown of network during such periods causes revenue losses to government collection, which could be a gained to boost the country economy". He stated.

He said, technology through fibre provides reliability and speedily services in education, health, security and many other sectors.

Mr Charles Osei Akoto, senior manager for northern sector, technical head, in his presentation says the company experienced about 1,143 fibre cuts last year which Ghc7,582,662 spent to repair the fibre cuts by MTN.

This situation caused emotional agitations to the public and reduced subscriber base.

However, management says its engaging major stakeholders thus; contractors, engineers, operators to curb the current fibre cuts problems.

He called for the public and media to support and report issues regarding fibre cuts to aid the company provide reliable network to the nation.

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