Industry wants less taxation to reward telco investment

The Ghana Chamber of Telecommunications is calling for tax incentives for the telecoms industry to avoid market stagnation in the face of declining revenues and growing operational costs. The chamber’s chief executive, Kwaku Sakyi-Addo, is reported by GhanaWeb as saying that almost 40% of telcos’ annual revenues go into taxes and levies, and the operators reinvest another 40% in Ghana. He said that MTN alone has so far invested USD1.2 billion, Tigo has invested over USD1.5 billion over the last 20 years, Airtel has invested about USD700 million, while Vodafone bought Ghana Telecom for USD900 million and has since invested another USD500 million

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OVETEL Industry wants less taxation to reward telco investment