Accra, Ghana//-MTN Ghana says it would keep investing in the country to meet the growing needs of its numerous consumers despite difficult regulatory and unfriendly business environment.
The move according to the telecom giant would enable it to invest the next billion dollars needed to bridge the digital gap.
Speaking at a panel discussion at the Ghana Mutual Prosperity Dialogue organised by the Ministry of Finance for the leading stakeholders of the Ghanaian economy, the CEO of MTN Ghana, Selorm Adadevoh encouraged the government to do more incentivise investors in the technology industry.
He added that regulations must encourage the kind of investment needed to meet the ever-increasing demand for data consumption in the country.
Mr Adadevoh said: “We need the kind of regulations that will move investment from the current $300 million to the next $1 billion needed to meet the current and future data demands in a way that supports the development of this country both now and in the future”.
The regulators in the country according to need to understand that there is huge competition for investment both locally and even across markets, and players are most likely to invest in areas and into markets where regulations are investor-friendly.
The CEO did not mince words when he told his fellow panellists and participants that regulators must forecast what the future demands would be as opposed to supply.
This forecast Mr Adadevoh noted would enable the regulators to fashion out regulations and strategies to create the enabling environment for investors to invest to bridge the wide demand and supply gap.
“Even as of today, there is a yawning gap between power supply and what consumers demand, and so it is with mobile data – demand far outstrips supply, but regulation seems to stand in the way of the kind of investment needed to bridge the gap”.
