The CEO of MTN Ghana, Selorm Adadevoh, has announced that the company has set up a US$25m fund to support the development of Ghana’s digital ecosystem.
Speaking at the launch of the company’s 25th anniversary celebrations in Accra, Mr. Adadevoh said: “We are committing as part of our 25th anniversary a US$25m fund over three years to work with government, through the Ministry of Communications and Digitalisation, to support the development of Ghana’s digital ecosystem. One of the legacy projects we have already committed to is the building of an ICT hub in Ghana.”
According to him, the company will reposition its strategy from BRIGHT to Ambition 2025, which aims to build the largest and most valuable platform business with a focus on Africa.
Ambition 2025, he said, is anchored on five pillars: Fintech Solutions, Digital/ayoba, Enterprise, Network as a Service, and an API Marketplace.
“In this strategy, we see exciting opportunities for mobile commerce, where fintech intersects with our ayoba business,” he added.
“We are hoping to aggregate APIs to accelerate the digital ecosystem expansion; for instance, a customer should never need to interact with an agent to manage their MTN experience. All SMEs should be able to become digital without IT skills in-house by leveraging our platforms—and by so doing, they can pay taxes digitally through MoMo. We should be able to use QR codes for trotro or taxi payments; we must have the ability to pay tolls by scanning car number plates; we should be able to track criminals through digital safety cameras on our streets and from artificial intelligence; identify the national ID card details for a camera image; and lastly, we should be able to stamp out MoMo fraud using a similar artificial intelligence identity tracking algorithm.”
This year, the CEO said, MTN is investing approximately US$150m in its network and IT systems to continue to connect the 15 percent of Ghanaians without connectivity and increase capacity and experience for those who already have the service.
The Minister for Communications and Digitalisation, Ursula Owusu-Ekuful, said government looks forward to continuous support from MTN in policy initiatives such as national roaming, SIM registration, rural telephony, and Girls in ICT.
On the regulation of the industry, she stated that government has “taken a policy decision to strive for a lighter regulatory touch which will spur greater growth and innovation in this digital sector.”
She assured MTN of government’s commitment to provide favourable incentives and create an enabling environment to grow the fintech and digital ecosystem.
Board Chairman of MTN Ghana Dr. Ishmael Yamson indicated the company’s readiness to partner government in making Ghana a digital hub in Africa.