{"id":618411,"date":"2019-05-13T12:43:37","date_gmt":"2019-05-13T12:43:37","guid":{"rendered":"<br><div>\n<figure class=\"fff post-thumbnail\" itemprop=\"associatedMedia\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><img class=\"post_layout_5_img\" src=\"https:\/\/cdn.ghana-mma.com\/2019\/05\/MTN.jpg\" alt=\"Gov\u2019t losing millions of potential tax over f"},"modified":"2019-05-13T12:43:37","modified_gmt":"2019-05-13T12:43:37","slug":"govt-losing-millions-of-potential-tax-over-fibre-cuts","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/05\/13\/govt-losing-millions-of-potential-tax-over-fibre-cuts\/","title":{"rendered":"Gov&#8217;t losing millions of potential tax over fibre cuts"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"fff post-thumbnail\" itemprop=\"associatedMedia\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><img decoding=\"async\" class=\"post_layout_5_img\" src=\"https:\/\/cdn.ghanamma.com\/2019\/05\/MTN.jpg\" alt=\"Gov\u2019t losing millions of potential tax over fibre cuts \u2013 MTN\"\/><\/figure>\n<p>MTN Ghana has stated that the government of Ghana loses millions\u00a0of cedis as a result of fibre cuts that the company has been experiencing.<\/p>\n<p>They say the company has been losing millions in recent months due to persistent fibre cuts.<\/p>\n<p>According to them, they lost 39 million Ghana cedis as a result of fibre cuts suffered between October 2018 and February 2019.<\/p>\n<p>Speaking to Journalists in Kumasi at an editors\u2019 forum and as part of MTN Ashantifest, Corporate Service Executive of MTN, Mr. Samuel Koranteng said out of the 39 million loss, they would have paid a tax component of about 17.5 million Ghana cedis.<\/p>\n<p>Fibre technology helps to improve the quality of service by network providers.<\/p>\n<p>The fibre cables are fixed in the ground to help ensure strong network connectivity in areas they have been fixed, but fibre cuts result in low quality of service.<\/p>\n<p>According to MTN, activities of road contractors, illegal mining activities among others lead to fibre cuts which affect their network adversely.<\/p>\n<p>Mr. Koranteng indicated that one fibre cut costs the company over 6000 Ghana cedis. He added that, from January 2019 to April 2019, the company has experienced 489 fibre cuts which have been affecting the company badly.<\/p>\n<p>\u201cFrom January this year to the end of April, we suffered up to 489 fibre cuts across the country. Out of this figure, 150 were in the Ashanti region. So you realize that out of the total number of regions we have, the Ashanti region accounts for a very high number.\u201d<\/p>\n<p>So we also went down to look at the revenue impact for MTN and we realized that as a result of the fibre cuts we suffered from October 2018, to end of February, we haven\u2019t gone into March and April, the loss of revenue is approximately 39 million Ghana cedis.\u201d<\/p>\n<p>He said \u201cwhen you look at the benefits government would have had out of it if we had realized that revenue, the tax component of that- that is an approximation of about 17. 5 million Ghana cedis so one fibre cut isn\u2019t a revenue loss to MTN. It is a revenue loss to the state as well as all other businesses who use our network \u2013 our connectivity to do their business.\u201d<\/p>\n<p>\u201cSo you can imagine if we are able to do a survey of all businesses and all people who have experienced revenue loss as a result of this fibre cut, the figure will be much much bigger. If the government had realized this revenue, they would have put it to national development,\u201d he added.<\/p>\n<p>MTN says it is collaborating with the Roads and Highways Ministry to arrange with contractors to help avoid the prevalent phenomenon.<\/p>\n<p>MTN also appealed to the general public to help avoid fibre cuts which lead to loss of revenue to both the company and government through potential tax revenue.<\/p>\n<p><span class=\"ctx-article-root\"\/>  <\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN Ghana has stated that the government of Ghana loses millions\u00a0of cedis as a result of fibre cuts that the company has been experiencing. They say the company has been losing millions in recent months due to persistent fibre cuts. According to them, they lost 39 million Ghana cedis as a result of fibre cuts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":618412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618411","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gov&#039;t losing millions of potential tax over fibre cuts - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/13\/govt-losing-millions-of-potential-tax-over-fibre-cuts\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gov&#039;t losing millions of potential tax over fibre cuts - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"MTN Ghana has stated that the government of Ghana loses millions\u00a0of cedis as a result of fibre cuts that the company has been experiencing. 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