MTN Ghana posts strong half-year performance, revenue jumps 32% to GH¢15bn

MTN Ghana achieved a robust financial performance in the first half of 2026, with its revenue climbing 32.2% to GH¢15 billion. This significant growth stems from consistent demand for data services, increased use of digital financial services, and higher engagement on its digital platforms. The company also benefited from ongoing investments in network expansion, platform modernization, and customer experience initiatives.

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The strong operational performance reflected solid commercial execution across its connectivity and fintech businesses.

Profit after tax saw a substantial increase of 43.3%, reaching GH¢5.1 billion. Earnings per share also grew by the same percentage, underscoring MTN Ghana's effectiveness in converting revenue growth into improved shareholder value. The company's Chief Financial Officer, Antoinette Kwofie, highlighted the strong operational performance as a result of solid commercial execution in both connectivity and fintech sectors. She emphasized the quality of earnings, the business model's scalability, and the commitment to balancing growth, profitability, and investment for long-term value creation.

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The company invested GH¢1.9 billion in capital expenditure, excluding lease payments, during the period to strengthen network infrastructure, expand capacity, modernise technology platforms, and enhance digital capabilities.

Despite a 21.6% rise in total costs to GH¢5.7 billion, largely due to increased network-related expenditures, rent, utilities, and maintenance, MTN Ghana invested GH¢1.9 billion in capital expenditure. Approximately 63% of this investment was allocated to radio access network infrastructure to maintain network leadership and support future traffic growth. The company also revised its dividend policy, declaring an interim dividend of GH¢0.12 per share, a 50% increase from the previous year.

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The fintech business maintained its strong growth trajectory, with Mobile Money revenue increasing by 23.3%, driven by greater adoption of digital financial services across the MoMo ecosystem.

The fintech business continued its upward trajectory, with Mobile Money revenue growing 23.3% due to greater adoption within the MoMo ecosystem. Transaction volumes increased by 27.3%, and transaction values grew by 44.4%. CEO Stephen Blewett affirmed that the Mission 2030 Strategy guides the company's long-term growth, aiming to become a preferred digital platform through investments in connectivity, FinTech, and digital infrastructure.

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Its Mission 2030 Strategy remained central to its long-term growth agenda, with the ambition of becoming the preferred digital platform for consumers through investments in connectivity, FinTech and digital infrastructure.