MTN Ghana considers listing on Ghana Stock Exchange: Serame Taukobong, CEO, MTN Ghana

Serame Taukobong, CEO, MTN Ghana

MTN Group Ltd.’s Ghana business is considering a local stock-exchange listing as a way to increase local ownership, the unit’s Chief Executive Officer Serame Taukobong told reporters Tuesday in the capital, Accra.

“The issue will be the ability of the market to take that up and the sustainability of such an interaction,” he said, adding that a decision isn’t imminent. “If you look at how we’ve done in most of our operations, definitely local participation will be the next chapter.”

MTN, Africa’s largest wireless carrier, has operations in 22 countries on the continent and the Middle East and increased Ghanaian subscriber numbers by 7.1 percent last year to 13.9 million.

Read more: MTN Ghana Considers Local Stock-Exchange Listing, Share Auction – Bloomberg Business.