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 … The post MTN Ghana posts strong…
MTN Ghana experienced a robust half-year performance in 2026, with total revenue soaring 32.2% to GH¢15 billion. The surge was attributed to the consistent demand for data services, expanded usage of digital financial services, and heightened engagement on its digital platforms. Moreover, the company's strategic investments in network expansion, platform modernization, and customer experience initiatives contributed to meeting the rising customer demand in connectivity and fintech sectors.
The company's financial results showed a remarkable rise in profit after tax by 43.3% to GH¢5.1 billion, alongside a 43.3% increase in earnings per share, highlighting the ability of MTN Ghana to convert revenue growth into improved shareholder value.
During its "Facts Behind the Figures" session with the Ghana Stock Exchange in Accra, MTN Ghana's CFO, Ms Antoinette Kwofie, emphasized the strong operational performance as a testament to the company's commercial execution across its connectivity and fintech businesses. She emphasized that the results showcased the quality of the company's earnings, the scalability of its business model, and its dedication to balancing growth, profitability, and disciplined investment to generate long-term value.
The total costs, however, rose by 21.6% to GH¢5.7 billion, mainly due to augmented network-related expenses, rent, utilities, and maintenance costs necessary to accommodate the escalating customer demand. Ms Kwofie disclosed that the company had invested GH¢1.9 billion in capital expenditure, excluding lease payments, during the period, to bolster network infrastructure, augment capacity, modernize technology platforms, and enhance digital capabilities.
About 63% of this investment went towards radio access network infrastructure to sustain network leadership, elevate customer experience, and facilitate future traffic expansion.
MTN Ghana also adjusted its dividend policy, declaring a total interim dividend of GH¢ 0.12 per share for the period, which represented a 50% increase year-on-year. The fintech segment continued its impressive growth trajectory, with Mobile Money revenue climbing 23.3%, spurred by the higher adoption of digital financial services within the MoMo ecosystem. Transaction volumes surged 27.3%, while transaction value expanded 44.4% year-on-year.
The company's CEO, Mr Stephen Blewett, reiterated that its Mission 2030 Strategy remained the cornerstone of its long-term growth agenda. The ambition was to become the favored digital platform for consumers through investments in connectivity, fintech, and digital infrastructure. Mr Blewett outlined strategic priorities to include expanding data usage, hastening home broadband adoption, fortifying enterprise digital solutions, and strengthening involvement in the mobile financial services ecosystem.
Continued investments in fiber infrastructure and AI would bolster Ghana's forthcoming digital transformation.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
