Ghana Withdraws $672 Million Back-Tax Demand From MTN Group
- MTN says the authorities dropped tax claim after negotiations
- Several companies are disputing tax bills as Ghana seeks money
A sign advertising MTN Group mobile money services at a market in Accra, Ghana.
Photographer: Nipah Dennis/BloombergThis article is for subscribers only.
MTN Group Ltd., Africa’s largest wireless carrier, said a 8.2 billion cedi ($672 million) tax bill it received from the Ghana’s government has been scrapped.
Ghana’s decision came after “extensive and productive discussions” during a 21-day negotiation period between the West African nation’s authorities and the mobile-phone operator, MTN said in a filing on Friday.