Interim Dividend Declared as Subscriber Base Hits 30.2 Million
MTN Ghana has posted a record profit after tax of GH₵3.6 billion for the first half of 2025, marking a 55.8% increase compared to the same period last year. The company’s performance was driven by robust growth in its data, mobile money, and voice services, according to its unaudited financial results released on Wednesday.
The telecommunications market leader also saw service revenue rise by 40% year-on-year to GH₵11.3 billion, underscoring its dominance in a recovering economy.
Strong Gains Across Core Business Units
MTN Ghana’s three primary revenue streams recorded double-digit growth:
- Data Revenue surged by 50.8% to GH₵6.0 billion
- Mobile Money Revenue jumped 46.4% to GH₵2.8 billion
- Voice Revenue rose 12.6% to GH₵2.0 billion
Chief Executive Officer, Stephen Blewett, attributed the company’s solid half-year showing to “strong commercial momentum and execution,” while acknowledging the critical role of employees. “These results would not be possible without the unwavering dedication and hard work of our MTN Ghana employees,” he said.
Shareholders Rewarded With Higher Dividend
In line with the strong performance, MTN Ghana declared an interim dividend of GH₵0.08 per share, up from GH₵0.065 in H1 2024. The dividend is scheduled for payment on September 11, 2025, to shareholders on record as of August 22, 2025.
Customer Base and Network Expansion
The company’s subscriber base grew by 6.5% to 30.2 million, while active data users rose by 11% to 18.2 million. Mobile money users increased by 7.4% to reach 17.7 million.
MTN also invested GH₵2.7 billion in network infrastructure during the reporting period, expanding 4G coverage to 99.3% of the population.
Favorable Economic Climate Supports Growth
The results were buoyed by improving macroeconomic indicators in Ghana. Inflation declined to 13.7% in June, and the Ghana cedi appreciated against the US dollar—offering a more stable environment for operations.
MTN Ghana noted that while the economic outlook is optimistic, it remains vigilant about geopolitical risks and global economic volatility as it continues the execution of its Ambition 2025 strategy.
Investor Confidence Soars
Anticipation of the strong results sent MTN Ghana’s stock to an all-time high of GH₵3.55 on the Ghana Stock Exchange on Wednesday.
