How to buy MTN shares using mobile money in Ghana
MTN Ghana shares: What to know
MTN has proved itself a market leader as it’s the only telecommunications company in Ghana that sells its shares and is listed on the Ghana Stock Exchange.
This allows you to invest and share in the company’s growth through dividends and share value appreciation. You can purchase and sell MTN shares through brokerage firms or online trading platforms, subject to market conditions and regulatory requirements.
Buying shares from MTN, however, carries its risks. Therefore, conduct thorough research, understand the company’s financial performance, and consider your investment goals and risk tolerance before investing.
MTN’s share price has shown a generally positive trend with consistent growth. This reflects the company’s strong performance in the African telecommunications market. It has moved from 0.75 pesewas at the initial public offering (IPO) in 2018 to GHS 1.56, as at April 10, 2024.
However, past performance is not necessarily indicative of future results, and MTN shares fluctuate based on market conditions and company performance. You can find the current share price at any point on the Ghana Stock Exchange or other brokerage firms’ online platforms.
How to buy MTN shares in Ghana?
You can buy MTN shares in two ways: through your mobile money or a brokerage firm. Let’s discuss this further.
Method #1: Through mobile money
Here’s how to buy MTN shares using MoMo:
1. Dial *170#.
2. Select Financial Services > Trade Shares.
3. Enter your MoMo PIN
4. You’ll receive an SMS with a link to register.
5. Tap on the link to open and click on Register.
6. Select your account type and fill out the form to register.
After registration, you can now purchase your shares. The amount will be deducted from your MoMo wallet, and the number of shares will be delivered to your Central Securities Depository (CSD) account with the Ghana Stock Exchange.
What are the benefits of buying MTN shares?
Buy MTN shares, like any other company shares, offers many advantages. These include:
- Ownership: As a shareholder, you gain a stake in the company. This gives you the power to vote on important decisions.
- Dividends: A dividend is a cash reward given to investors as part of the profit made in a financial year. This offers an additional income stream for the shareholder.
- Capital gains: Capital gains are the profits an investor gains from selling their investments. When share prices increase, you can sell some or all of your shares at a higher price than when you bought them, thereby making a profit on the capital you invested.
credit – asetenapa.com
Felix is a tech reviewer, a teacher, blogger and the CEO of Kofiadutv. He is a graduate of Foso College of Education and Currently at University of Education, Winneba.
