MTN Ghana to spend $1.1bn in 3 years, build 500 new sites as MoMo hits 44% Growth
Telecom giant MTN Ghana is investing US$1.1 billion over the next three years to expand its network, including the deployment of 500 new cell sites this year, as it marks 30 years in Ghana.
MTN Ghana plans to spend $1.1 billion over the next three years to enhance its network, with 500 new cell sites to be added this year, marking the company's 30-year presence in Ghana. At a recent stakeholder forum in Wa, the company's Chief Risk and Compliance Officer, Joseph Dogbe, unveiled the investment plans. Dogbe traced MTN Ghana's journey from being a luxury to a lifeline, emphasizing its role in connecting people, creating opportunities, and fostering trust.
The investment aims to boost network capacity and resilience. Currently, MTN Ghana serves over 32 million subscribers. In terms of the company's vision, Dogbe stated, "Connectivity alone is not enough." The company's Mobile Money (MoMo) platform demonstrated this, with a 44.4% year-on-year growth in transaction value and a 23.3% increase in transaction volumes in the first half of 2026.
The investment in network expansion is backed by strong financial performance, with MTN Ghana's service revenue rising by 32.3% to GH¢15.0 billion and profit after tax increasing by 46.8% to GH¢5.1 billion in the same period. Dogbe also highlighted the company's financial contribution to national revenue, with GH¢5.6 billion paid in taxes and fees in just six months.
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