MTN Ghana Profit Rises 43% to US$664M
MTN Ghana and its mobile money arm earned about US$664 million after tax in nine months, up 43%, on revenue of about US$1.98 billion. The post MTN Ghana Profit Rises 43% to US$664M appeared first on The Rio Times .
MTN Ghana's profit surged 43% to $664 million after tax in the nine months ending September 2026, driven by strong performance across its phone and mobile money services. The report, published on October 29, 2026, covers the combined results of MTN Group's Ghanaian subsidiary and its separate mobile money arm, MobileMoney Fintech Limited, merged as of March 31, 2026.
Service revenue increased by 33.5% to $1.98 billion, while EBITDA rose by 40.6% to $1.22 billion, with a 61.5% margin. Pre-tax profit climbed 47% to $975 million. Data services were the top contributor, up 44.5% to $1.15 billion. Mobile money revenue grew 24.4% to $460 million, and voice calls added $264 million. The company reported 22 million active data users and 19 million mobile money users.
MTN Ghana's CEO, Stephen Blewett, attributed the growth to broad-based expansion in connectivity and fintech. The company declared a third-quarter dividend of $0.003 per share, payable on December 10, 2026. Free cash flow nearly doubled to $634 million, while capital spending fell by 27.2%. Ghana's inflation rate was 4.2% over the period, down from 17.3% a year earlier, and the cedi weakened by 12.1% against the dollar.
Despite currency fluctuations, the operating environment was supportive, according to the telecoms regulator.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
