Dr. Ishmael Yamson, Board Chairman of MTN Ghana, has cautioned Ghanaians against targeting MTN Ghana and other South African-linked businesses. He states that such retaliatory actions would significantly harm Ghanaian economic interests. This warning follows public anger over xenophobic attacks against Ghanaians in South Africa.
Dr. Yamson emphasized that MTN Ghana is a distinct corporate entity, not directly responsible for actions in South Africa. He highlighted that over 120,000 Ghanaians hold shares in MTN Ghana. Furthermore, approximately 98% of MTN Ghana's employees are Ghanaian citizens. The company also relies on numerous Ghanaian dealers for its operations across the country.
This situation unfolds against a backdrop of growing calls for boycotts of South African businesses in Ghana. These calls stem from recent violent attacks on African migrants, including Ghanaians, in South Africa. The Ghanaian government has previously condemned these attacks. Public sentiment remains high, with many demanding a strong response to protect Ghanaian citizens abroad. Such incidents can strain diplomatic relations and impact trade between African nations.
Dr. Yamson, speaking on Joy News’ PM Express, stressed MTN Ghana's deep integration into the local economy. He stated, “If you target MTN Ghana, you can target it, but at the end of the day, you are destroying something that you should protect.” He also acknowledged that MTN Ghana had not initially condemned the attacks publicly, admitting, “We haven’t made a statement as MTN Ghana. That is correct. And we should have, and I admit.”
Targeting MTN Ghana could lead to severe economic consequences for the nation. The company is Ghana's largest taxpayer, contributing substantially to government revenue. A disruption to its operations could impact thousands of jobs and reduce vital tax income. It also risks deterring future foreign direct investment, as investors might perceive Ghana as an unpredictable market. Decision-makers must carefully weigh the emotional response against long-term economic stability.
Dr. Yamson also revealed MTN Ghana's commitment to supporting Ghanaians affected by the attacks. The company's board initially planned to set aside GHS 10 million as a welcome-back package for returnees. While the framework for this support is being refined, the commitment remains firm. This initiative aims to help those returning from South Africa rebuild their lives in Ghana. MTN Ghana also invests 1% of its annual profit after tax into social development projects. These investments support hospitals, schools, girls' education, and women's empowerment initiatives across Ghana. This demonstrates the company's broader contribution beyond its core business operations. The company's leadership believes that separating the actions of individuals in South Africa from the operations of a Ghanaian corporate citizen is crucial. This approach seeks to prevent self-inflicted economic harm while addressing the humanitarian concerns. The government and public will be watching how this support package materializes and its impact on affected citizens.