MTN Ghana lifts IPO target to GHS3.5bn

26 Mar 2018

MTN Ghana, the country’s largest mobile network operator (MNO) by subscribers, has lifted its initial target set for its upcoming initial public offering (IPO) by more than half to GHS3.48 billion (USD787.7 million), reports Graphic Online, citing two people familiar with the matter. In February it was announced that MTN Ghana would list 35% of its shares on the Ghana Stock Exchange (GSE) by the end of March, with the listing a requirement of its 4G LTE licence conditions. The company’s 35% stake was originally valued at GHS2 billion, but now after a new valuation this figure has been raised to GHS3.48 billion.

The two people familiar with the matter have said that the Securities and Exchange Commission still need to approve the listing’s prospectus and the IPO sale is likely to take place in April.

Ghana,MTN Ghana,



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.