MTN Ghana pays GH¢9bn to state, earns GH¢7.8bn profit in first 9 months of 2026

In the first nine months of 2026, Ghanaian telecommunications giant MTN Ghana paid GH¢9 billion in various taxes, resulting in a profit after tax of GH¢7.8 billion. This marks a significant increase from the previous year's tax payments of GH¢7.3 billion, demonstrating the company's substantial contribution to the nation's revenue.

The company's tax burden, however, did not overshadow its strong financial performance, as profit after tax rose 43.0% year-on-year. The impressive growth in service revenue, which increased by 33.5% to GH¢23.2 billion, was driven primarily by data services, which surged 44.5% to GH¢13.5 billion, supported by a 16.1% rise in active subscribers.

Digital services experienced an even more remarkable 98.0% increase, reaching GH¢642 million. Mobile Money revenue also grew by 24.4% to GH¢5.4 billion. MTN Ghana's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) increased by 40.6% to GH¢14.3 billion, and the EBITDA margin expanded by 3.1 percentage points to 61.5%.

The company's earnings per share also rose 42.9% to GH¢0.586. Despite the heavy tax burden and substantial capital expenditure of GH¢3.2 billion, MTN Ghana's CEO Stephen Blewett attributed the strong performance to the company's resilient and diversified growth engines, including its recent acquisition of 5G spectrum in the US$202 million.

The company declared a third-quarter dividend of GH¢0.03 per share, with MobileMoney Fintech LTD following suit.