Telecommunications giant, MTN Ghana, rakes in an impressive GHC 3.6 billion in revenues during the initial half of 2025.
In a significant development, MTN Ghana, the leading mobile operator in the country, has announced a 55.8% surge in profit after tax, reaching an impressive 3.6 billion Ghanaian cedis (~$2.3 billion) for the first half of 2025.
The success of MTN Ghana comes amid improving economic conditions in Ghana, where inflation dropped to 13.7% in June and the cedi strengthened against the U.S. dollar. This economic recovery has helped boost telecom demand, contributing to the telecom giant's impressive growth.
The company's unaudited half-year financial results showed a 40% increase in service revenue, reaching 11.3 billion cedis (~$7.2 billion). This growth was primarily driven by strong growth across MTN Ghana's core business segments—data, mobile money, and voice services.
Data revenue soared 50.8% to GH₵6.0 billion, making it the largest revenue contributor. Mobile money revenue jumped 46.4% to GH₵2.8 billion, bolstered by an increase in active users of the MoMo platform (17.7 million active users, up 7.4% year-on-year). Voice revenue rose 12.6% to GH₵2.0 billion.
These figures reflect both internal operational strength and favorable external market conditions that fueled MTN Ghana’s exceptional profit growth in early 2025. The subscriber base expanded by 6.5% to 30.2 million, with active data users increasing by 11% to 18.2 million.
MTN Ghana's chief executive, Stephen Blewett, attributed the stellar performance to "strong commercial momentum and execution." He also praised the dedication of MTN Ghana's workforce, stating that "These results would not be possible without the unwavering dedication and hard work of our employees."
In response to the impressive financial results, MTN Ghana declared an interim dividend of 0.08 cedis per share, up from 0.065 cedis in the same period last year. The dividend will be paid on Sept. 11 to shareholders on record as of Aug. 22.
The surge in profit was further evidenced by the rally in the company's stock, hitting an all-time high of 3.55 cedis ($2.25) on the Ghana Stock Exchange following the earnings announcement. This strong investor confidence is a testament to MTN Ghana's continued growth and success in the Ghanaian market.
In conclusion, MTN Ghana's exceptional profit growth in the first half of 2025 is a testament to the company's operational strength and the favourable economic conditions in Ghana. With a robust subscriber base, increasing active data users, and strong growth across its core business segments, MTN Ghana is well-positioned for continued success in the future.
The exceptional profit growth of MTN Ghana, a leading mobile operator in Ghana, can be attributable to both the internal operational strength and favorable external market conditions in the business, finance, and technology sectors. MTN Ghana's chief executive, Stephen Blewett, acknowledged the role of technology in their success, stating that "these results would not be possible without the unwavering dedication and hard work of our employees, who have played a crucial part in leveraging technology to enhance our services."
