MTN Ghana pays GH¢9bn to state, earns GH¢7.8bn profit in first 9 months of 2026
MTN Ghana paid GH¢9.0 billion in direct and indirect taxes to the state in the first nine months of 2026, a figure that surpasses the telecommunications giant’s profit after tax of GH¢7.8 billion for the same period, according to the company’s latest unaudited financial statements.
MTN Ghana reported a significant financial performance in the first nine months of 2026, paying GH¢9 billion in direct and indirect taxes to the state, while earning a profit after tax of GH¢7.8 billion. This profit increase of 43.0% year-on-year was driven by a 33.5% surge in service revenue to GH¢23.2 billion, primarily fueled by robust data revenue growth of 44.5% to GH¢13.5 billion.
Despite the heavy tax burden, the company's Earnings Before Interest, Tax, Depreciation and Amortisation rose 40.6% to GH¢14.3 billion, and the EBITDA margin expanded to 61.5%, indicating strong profitability. CEO Stephen Blewett attributed the success to the company's resilient growth engines and significant investments in network capacity, including the acquisition of 5G spectrum. The company also declared a third-quarter interim dividend of GH¢0.03 per share.
Brief written by urgent.news from Joy Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.