MTN Ghana recorded a strong financial performance for the first half of 2026, with total revenue increasing by 32.2 per cent year-on-year to GH¢15 billion.
The strong performance, according to local media reports, was driven by sustained demand for data services, increased adoption of digital financial services, and higher engagement across its digital platforms.
It was also supported by continued investments in network expansion, platform modernisation, and customer experience initiatives, enabling the company to meet growing customer demand across its connectivity and fintech businesses.
Profit after tax rose by 43.3 per cent to GH¢5.1 billion, while earnings per share also increased by 43.3 per cent, reflecting the company’s ability to translate revenue growth into enhanced shareholder value
Speaking during its “Facts Behind the Figures” engagement with the Ghana Stock Exchange in Accra, the Chief Financial Officer (CFO) of MTN Ghana, Ms Antoinette Kwofie, said that the strong operational performance reflected solid commercial execution across its connectivity and fintech businesses.
She said that the results demonstrated the quality of the company’s earnings, the scalability of its business model, and its commitment to balancing growth, profitability, and disciplined investment to create long-term value.
According to her, total costs also increased by 21.6 per cent to GH¢5.7 billion, largely due to higher network-related expenditure, rent, utilities, and maintenance costs required to support increasing customer demand.
“The company invested GH¢1.9 billion in capital expenditure, excluding lease payments, during the period to strengthen network infrastructure, expand capacity, modernise technology platforms, and enhance digital capabilities,” Ms Kwofie stated.
She said that about 63 per cent of the investment was directed towards radio access network infrastructure to maintain network leadership, improve customer experience, and support future traffic growth.
The CFO said that the company also revised its dividend policy by declaring a total interim dividend of GH¢ 0.12 per share for the period, representing a 50 per cent increase year-on-year.
“The fintech business maintained its strong growth trajectory, with Mobile Money revenue increasing by 23.3 per cent, driven by greater adoption of digital financial services across the MoMo ecosystem. Transaction volumes increased by 27.3 per cent, while transaction value grew by 44.4 per cent year-on-year,” Ms Kwofie, stated.
GIK/APA