MTN Ghana has increased its support package for Ghanaians returning from South Africa to GHS 20,000. This revised amount follows the MTN board's decision that an initial GHS 10 million was inadequate. The review process caused a delay in the public announcement of the support.
Dr. Ishmael Yamson, Chairman of MTN Ghana, confirmed the increased funding. He stated the board considered the initial GHS 10 million insufficient for the needs of the returnees. The enhanced package aims to provide more meaningful, long-term support for individuals affected by xenophobic attacks in South Africa. This move addresses concerns about MTN's commitment, given its South African origins.
This development occurs against a backdrop of heightened sensitivity regarding xenophobic attacks in South Africa. Such incidents often strain diplomatic relations and impact regional trade and investment. Ghanaian companies, including MTN, operate within a complex economic environment where corporate social responsibility is closely scrutinised. The company's response reflects an effort to align with national sentiment and support affected citizens, while also managing its multinational identity. The delay in announcement sparked public questions about MTN's stance and commitment to Ghanaians.
Dr. Ishmael Yamson, an economist, disclosed these details on the PM Express Business Edition program. He explained that finalising approvals for such initiatives, especially for a multinational company, often leads to delays. Dr. Yamson also strongly condemned the xenophobic attacks, including those that resulted in two Ghanaian deaths. He emphasised that MTN Ghana and its group chairman unreservedly disassociate from these acts.
The increased support package signals MTN Ghana's commitment to affected Ghanaians and its corporate social responsibility. Decision-makers and the public will watch for the immediate announcement and distribution of these funds. This action may also influence perceptions of other South African-linked businesses operating in Ghana. The company's efforts to provide long-term assistance could set a precedent for corporate responses to similar crises. MTN Ghana also highlighted that 98 percent of its workforce are Ghanaians, with over 120,000 Ghanaians owning shares in the company.
Dr. Yamson also addressed calls to target South African companies in Ghana. He noted that such actions would be unfortunate, given the significant Ghanaian involvement in MTN Ghana's operations. He pointed out that MTN's headquarters being in South Africa does not diminish its local impact. Dr. Yamson stressed that South Africa's actions contradict principles of free trade and regional integration. He expressed anger at the attacks and regret that Ghana has been affected by developments not supported by the MTN Group. The company is almost through with the process and expects to announce the support very soon. Discussions with the government have been ongoing to extend this meaningful support.