MTNGH - MTN Ghana

Jun 2, 2023 at 22:09 Twitter · Facebook

MTNGH share price on Ghana Stock Exchange

Scancom Plc, more commonly known as MTN Ghana, is a public limited liability company first incorporated in Ghana in April 1994 and licensed by the NCA as a mobile telecommunications services operator. In November 1994, MTN (then using the trade name “Spacefon”) launched its GSM mobile cellular services with initial coverage in Accra and Tema. Coverage was expanded to Kumasi and Obuasi in 1997, and to Takoradi, Bibiani, Tarkwa and Cape Coast in 1999. Since then, MTN has built a robust customer base in Ghana, increasing its subscribers from 2.5 million in 2006 to nearly 18 million as at December 2017.

MTN Ghana's main revenue lines are airtime and subscription, interconnect and roaming, SMS, data, handset and accessories, mobile money, and value added services. Data and mobile money are expected to be the dominant drivers of revenue due to increased internet use and reliance on mobile money for payments.

MTN Ghana is listed on the Ghana Stock Exchange (GSE) since September 3rd, 2018. MTN is traded on the GSE under the ticker symbol “MTNGH”. The International Securities Identification Number (ISIN) of GSE:MTNGH is GHEMTN051541. MTN Ghana is currently the third most valuable stock on the GSE with a market capitalization of GHS 13.4 billion, which is about 20.3% of the entire Ghana Stock Exchange equity market.

MTNGH Stock Market Performance

The current share price of MTN Ghana (MTNGH) is GHS 1.09. MTNGH closed its last trading day (Friday, June 2, 2023) at 1.09 GHS per share on the Ghana Stock Exchange (GSE). MTN began the year with a share price of 0.88 GHS and has since gained 23.9% on that price valuation, ranking it fourth on the GSE in terms of year-to-date performance. Investors should, however, take caution of MTNGH’s recent bad performance, having lost 9% of its value in the past four weeks.

MTN Ghana is the #1 most traded stock on the Ghana Stock Exchange over the past three months (Mar 1 - Jun 2, 2023). MTNGH has traded a total volume of 193 million shares valued at GHS 182 million over the period, with an average of 3.06 million traded shares per session. A volume high of 160 million was achieved on March 24th, and a low of 230 on May 31st, for the same period. The table below details the last 10 trading days of activity of MTN Ghana on the Ghana Stock Exchange.

Profile of Scancom Plc

Scancom Plc was founded on April 14, 1994 and operates in the Telecommunications sector, specifically, the Mobile Telecommunications industry. Scancom contracts an estimated total number of 1,185 employees. The company is led by Selorm Adadevoh as its Chief Executive Officer, since 2018. The company's board of directors, chaired by Ishmael Yamson (80), is composed of eight members whose names are listed below.

1. Yamson, Ishmael
   Chairman
2. Adadevoh, Selorm
   Chief Executive Officer
3. Kadri, Modupe Agbolade
   Chief Financial Officer
4. Abeasi, Kwasi
   Non-Executive Director
5. Perumal, Sugentharen
   Non-Executive Director
6. Mupita, Ralph
   Non-Executive Director
7. Jakoet, Fatima
   Non-Executive Director
8. Pomes, Albert Fernandez
   Non-Executive Director

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange