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October 3, 2026
AI-Enhanced
MTN set to deploy 5G services after winning spectrum licenses worth US$202m
Money
Policy
Opportunity
Growth
Key Points
- MTN Ghana is set to roll out 5G services upon receiving its spectrum license from the National Communications Authority (NCA).
- The NCA has notified MTN of the award of spectrum in the 700 MHz and 3 GHz bands.
- The acquisition of these spectrum bands could cost MTN approximately US$202 million.
- MTN is currently finalizing payment obligations and formalities, having incorporated the costs into its equity free cash flow outlook.
- The new spectrum will be deployed to strengthen network capacity, enhance service quality, improve customer experience, and drive growth in 5G mobility and home connectivity across Ghana.
Why This Matters
This development is crucial for Ghana's digital transformation, significantly enhancing internet access and speed for citizens and businesses across the country. It positions Ghana at the forefront of technological advancement in West Africa, potentially fostering innovation, attracting investment, and improving productivity in various sectors.
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October 2, 2026
Education infrastructure investment will drive Banda’s development – Ahmed Ibrahim
- Minister Ahmed Ibrahim emphasizes government investment in educational infrastructure at Bandaman Senior High Technical School to develop human capital for sustainable development in Banda district.
- The expansion aims to equip youth with scientific, technical, and vocational skills, enabling them to capitalize on opportunities from projects like the Bui Hydro Dam.
- The investment is critical for Banda to shift from agricultural dependence and ensure local residents benefit from major projects, addressing the low local employment at the Bui Power Authority.
- GETFund is undertaking nine major infrastructure projects at Bandaman SHTS, including a 2,000-capacity dining hall, dormitories, classrooms, and a modern STEM science laboratory, to alleviate current facility constraints.
- Completion of these projects is expected to significantly improve teaching and learning, allow for increased student admissions, and transform the school into a leading regional institution.
October 2, 2026
Baffour Awuah: EOCO effected an arrest, detained MP after hours of waiting, questioning – Afenyo-Markin
- Manhyia South MP Nana Agyei Baffour Awuah was detained by the Economic and Organised Crime Office (EOCO) after voluntarily reporting himself.
- Minority Leader Alexander Afenyo-Markin detailed the MP's treatment, alleging significant delays before questioning and formal arrest.
- The MP was formally arrested at 4 p.m. on October 1st after providing an overview of a case his law firm handled for SIC Life in 2018.
- EOCO conducted searches at the MP's law office, allegedly seizing unrelated documents, and later intended to search his residence.
- The detention is part of an ongoing EOCO investigation into SIC Life Savings and Loans concerning suspected financial loss, dissipation of public funds, and money laundering.
October 2, 2026
Creative Arts Agency Board seeks Lands Ministry’s support for welfare project
- The Creative Arts Agency's Governing Board visited the Minister for Lands and Natural Resources.
- Discussions focused on a presidential legacy project to provide care and shelter for aged and needy creative arts members.
- A Welfare Committee has been established by the Agency to advance well-being measures, including securing land.
- The Agency has formally requested state land in Accra from the Lands Commission for the proposed shelters.
- The Minister pledged support for the initiative, committing to facilitate the land acquisition process.