Senior executives of MTN Ghana have received significant share-based incentives under the parent company’s long- term performance scheme, highlighting the group’s continued focus on aligning leadership rewards with performance.
According to a disclosure by MTN Group, Chief Executive Officer Stephen Blewett was granted 21,382 shares valued at approximately $252,000 (about R4.12 million). Chief Financial Officer Antoinette Kwofie received 13,660 shares worth around $160,000 (about R2.63 million).
The awards form part of MTN Group’s Performance Share Plan, a long-term incentive programme designed to reward executives based on company performance and strategic targets. The shares were granted at a price of R192.50 per share and are subject to performance conditions, with a vesting period of three years.
Beyond Ghana, the share awards extended to senior leadership across MTN’s African operations. Group CEO Ralph Mupita received the largest allocation, valued at approximately $2.43 million, while other top executives across key markets were also granted substantial equity incentives.
The company noted that all recipients have met their minimum shareholding requirements, underscoring adherence to governance and ownership alignment policies. The vesting date for the awards has been set for December 2028, aligning with the broader structure of the group’s incentive framework.
The move reflects a broader trend among multinational corporations to use equity- based compensation to retain top talent and incentivise long-term value creation, particularly in high-growth markets like Ghana where MTN Ghana remains a dominant player in telecommunications and fintech services.
