{
  "id": 17306443,
  "title": "MTN Ghana reports 44.4% growth in mobile money transactions as digital services expand",
  "url": "https://urgent.news/2026/10/30/mtn-ghana-reports-44-4-growth-in-mobile-money-transactions-as-digital",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-30T23:34:56.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/mtn-ghana-reports-44-4-growth-in-mobile-money-transactions-as-digital-services-expand/"
  },
  "original_language": "en",
  "account": "MTN Ghana announced a 44.4 percent increase in mobile money transaction value for the first half of 2026, as the company expands its digital services across the nation. During a regional media and stakeholder engagement in Ghana's Volta Region, MTN Ghana revealed plans to invest US$1.1 billion over three years in network infrastructure and digital services. The company's General Manager for Southern Ghana, David Gyimah Boadi, stated that approximately US$380 million of the investment would be allocated in 2026 to enhance network capacity, service quality, and infrastructure resilience to meet the growing demand for digital services.\n\nMTN Ghana intends to establish 500 new network sites in 2026, with the Volta Region slated to benefit from the expansion. The Senior Manager for Sales in the South East, Princess Owusu Nyarko, explained that the initiative involves identifying communities with coverage gaps, constructing new sites, and upgrading existing infrastructure to provide 4G connectivity to underserved areas. The company is also collaborating with technology innovators and industry partners to ensure readiness for emerging connectivity needs.\n\nMTN Ghana's financial performance for the first half of 2026 showed a 32.3 percent rise in service revenue, amounting to GH¢15 billion. Earnings before interest, taxes, depreciation, and amortisation also increased by 47.1 percent to GH¢9.3 billion. Profit after tax climbed by 46.8 percent to GH¢5.1 billion. The company noted a 23.3 percent growth in both Mobile Money transaction volumes and revenue, with a 3.1 percent increase in the number of active users.\n\nTo address fraud risks associated with the growing use of digital financial services, MTN Ghana is reinforcing security measures and educating customers. Furthermore, MTN Ghana's Network Manager for the South East, Duku Samuel, highlighted that the company is providing customized products for small and medium-sized enterprises (SMEs).",
  "summary": "MTN Ghana has reported a 44.4 per cent year-on-year increase in the value of Mobile Money transactions for the first half of 2026, alongside plans to invest US$1.1 billion over three years to expand its network infrastructure and digital services across the country.",
  "key_points": [
    "MTN Ghana reports 44.4% growth in mobile money transactions in 2026.",
    "Company plans $1.1 billion investment in network infrastructure over three years.",
    "500 new network sites to be established in 2026, benefiting Volta Region."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}