MTN Ghana has delivered a remarkable performance in the first half of 2025, posting a profit after tax of GHS 3.6 billion. This marks a 55.8% increase compared to the same period last year, driven by strong momentum across its data, mobile money, and voice segments.
The telecommunications leader, which remains Ghana’s largest mobile operator, also reported a 40% rise in service revenue to GHS 11.3 billion, according to its unaudited half-year financial results released on Wednesday.
Chief Executive Officer Stephen Blewett attributed the outstanding results to the company’s strategic execution and the commitment of its workforce. “These results would not be possible without the unwavering dedication and hard work of our MTN Ghana employees,” he noted.
To reward shareholders for this stellar performance, the company has declared an interim dividend of GHS 0.08 per share, an increase from last year’s GHS 0.065. The dividend will be paid on September 11, 2025, to shareholders on record as of August 22, 2025.
Growth Drivers
The impressive results were underpinned by strong growth in all major revenue streams:
• Data revenue surged by 50.8% to GHS 6.0 billion.
• Mobile money revenue expanded by 46.4% to GHS 2.8 billion.
• Voice revenue increased by 12.6% to GHS 2.0 billion.
MTN Ghana also saw healthy growth in its customer base. Total subscribers rose by 6.5% to 30.2 million, while active data users grew by 11% to reach 18.2 million. Its mobile money platform recorded 17.7 million active users, up 7.4% from the previous year.
Market Conditions and Investment
These results come at a time when Ghana’s economic environment is showing signs of improvement. Inflation fell to 13.7% in June, while the cedi strengthened against the US dollar.
To support its growth and improve service delivery, MTN invested GHS 2.7 billion in network upgrades during the period, expanding 4G coverage to 99.3% of the population.
Outlook
Looking ahead, the company reaffirmed its commitment to executing its Ambition 2025 strategy while closely monitoring potential risks arising from global geopolitical developments.
Investor confidence in MTN Ghana remains strong. The company’s share price climbed to a record GHS 3.55 on the Ghana Stock Exchange ahead of the release of the half-year results.
