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MTN Ghana has posted a robust 55.8% increase in profit after tax to GHS 3.6 billion for the first half of 2025, buoyed by strong performances across its data, mobile money, and voice segments.
According to the telecom giant’s unaudited half-year results released on Wednesday, total service revenue climbed by 40% year-on-year to GHS 11.3 billion, underscoring the company’s dominant position in Ghana’s mobile communications market.
Chief Executive Officer Stephen Blewett credited the stellar results to effective commercial strategies and the dedication of MTN employees.
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“These results would not be possible without the unwavering dedication and hard work of our MTN Ghana employees,” Blewett said.
To reward shareholders for the company’s strong performance, MTN Ghana declared an interim dividend of GHS 0.08 per share—up from GHS 0.065 during the same period in 2024. The dividend is scheduled for payment on September 11, 2025, to shareholders on record as of August 22.
Growth Highlights (January–June 2025)
- Data revenue surged by 50.8% to GHS 6.0 billion.
- Mobile money revenue rose by 46.4% to GHS 2.8 billion.
- Voice revenue increased by 12.6% to GHS 2.0 billion.
- Subscriber base grew by 6.5% to 30.2 million
- Active data users rose by 11% to 18.2 million.
- Active MoMo users climbed by 7.4% to 17.7 million.
MTN Ghana invested GHS 2.7 billion in network infrastructure during the reporting period, expanding its 4G coverage to reach 99.3% of the population.
The results come on the back of improving macroeconomic conditions in Ghana. Inflation dropped to 13.7% in June, while the Ghanaian cedi appreciated against the US dollar—creating a more favourable environment for consumer spending and operational planning.
Looking ahead, MTN Ghana reaffirmed its commitment to its “Ambition 2025” strategy, which aims to transform the company into a digital-first operator. The company also acknowledged ongoing global geopolitical tensions and their potential risks but expressed confidence in its long-term growth trajectory.
Meanwhile, investor confidence in MTN remains high. The company’s stock reached an all-time high of GHS 3.55 on the Ghana Stock Exchange on Wednesday, coinciding with the financial results announcement.
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