MTN Ghana posts strong 2026 half-year performance… revenue jumps 32% to GH¢15bn
MTN Ghana recorded a strong financial performance for the first half of 2026, with total revenue increasing by 32.2 per cent year-on-year to GH¢15 billion.
The strong performance was driven by sustained demand for data services, increased adoption of digital financial services, and higher engagement across its digital platforms.
It was also supported by continued investments in network expansion, platform modernisation, and customer experience initiatives, enabling the company to meet growing customer demand across its connectivity and fintech businesses.
Profit after tax rose by 43.3 per cent to GH¢5.1 billion, while earnings per share also increased by 43.3 per cent, reflecting the company’s ability to translate revenue growth into enhanced shareholder value
Speaking during its “Facts Behind the Figures” engagement with the Ghana Stock Exchange in Accra on Monday, the Chief Financial Officer (CFO) of MTN Ghana, Ms Antoinette Kwofie, said the strong operational performance reflected solid commercial execution across its connectivity and fintech businesses.
She said the results demonstrated the quality of the company’s earnings, the scalability of its business model, and its commitment to balancing growth, profitability, and disciplined investment to create long-term value.
Total costs, she said also increased by 21.6 per cent to GH¢5.7 billion, largely due to higher network-related expenditure, rent, utilities, and maintenance costs required to support increasing customer demand.
“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,” Ms Kwofie stated.
She said about 63 per cent of the investment was directed towards radio access network infrastructure to maintain network leadership, improve customer experience, and support future traffic growth.
The CFO said the company also revised its dividend policy by declaring a total interim dividend of GH¢ 0.12 per share for the period, representing a 50 per cent increase year-on-year.
“The fintech business maintained its strong growth trajectory, with Mobile Money revenue increasing by 23.3 per cent, driven by greater adoption of digital financial services across the MoMo ecosystem. Transaction volumes increased by 27.3 per cent, while transaction value grew by 44.4 per cent year-on-year,” Ms Kwofie, stated.
MTN Ghana also continued to improve capital efficiency, with capital expenditure intensity declining from 20.4 per cent in 2021 to 12.9 per cent in 2026.
The Chief Executive Officer (CEO) of MTN Ghana, Mr Stephen Blewett, said 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.
Mr Blewett explained that its strategic priorities included expanding data usage, accelerating home broadband adoption, strengthening enterprise digital solutions, and deepening participation in the mobile financial services ecosystem.
He added that continued investments in fibre infrastructure and AI would support the next phase of Ghana’s digital transformation. MTN Ghana also identified customer experience, AI-driven operational efficiency, and shared value creation as the three key enablers underpinning its growth strategy
BY PRINCE ADDO FRIMPONG
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