MTN Ghana reports 44.4% growth in mobile money transactions as digital services expand

MTN Ghana has announced a 44.4 percent increase in mobile money transactions for the first half of 2026, compared to the same period last year. This growth comes alongside the company's ambitious plans to invest US$1.1 billion over three years in network infrastructure and digital services across Ghana. At a regional media event in the Volta Region, MTN's General Manager for Southern Ghana, David Gyimah Boadi, revealed that US$380 million of this investment will be allocated in 2026 to enhance network capacity, service quality, and infrastructure resilience in response to rising demand for digital services.

The company plans to deploy 500 new network sites across the country in 2026, with a focus on underserved areas like the Volta Region. Additionally, MTN is upgrading existing rural network infrastructure to extend 4G connectivity to remote communities. Princess Owusu Nyarko, MTN's Senior Manager for Sales in the South East, explained that the expansion involves identifying communities with limited coverage, constructing new network sites, and upgrading current infrastructure to improve service delivery.

During the same period, MTN reported a significant growth in its financial performance, with service revenue reaching GH¢15 billion, a 32.3 percent increase. Earnings before interest, taxes, depreciation, and amortisation rose by 47.1 percent to GH¢9.3 billion, while profit after tax increased by 46.8 percent to GH¢5.1 billion. Mobile Money transaction volumes and revenue also grew by 23.3 percent, and the number of active users increased by 3.1 percent.

MTN is working to strengthen security measures and educate customers to address fraud risks associated with the growing use of digital financial services.

MTN is particularly focused on supporting businesses, particularly small and medium-sized enterprises (SMEs), providing tailored products to meet their needs.