MTN Ghana Reports 36.1% Revenue Surge in Strong 2025 Performance

Growth Driven by Data, MoMo and Digital Expansion

MTN Ghana delivered a 36.1% year-on-year revenue growth in 2025, powered by strong performance across data, mobile money, voice, and digital services.

Speaking at the AGM in Accra, Board Chairman Ishmael Yamson attributed the results to rising digital adoption and improving economic conditions.

Profit, Margins and Shareholder Returns Rise

The telecom giant recorded:

1. 43.6% growth in EBITDA, with margins rising to 60.1%
2. 55.9% increase in profit after tax
3. Total dividend of 48 pesewas per share (up 57.4%)

This reflects strong cost discipline and improved market conditions.

Mobile Money Leads the Growth Story

Mobile Money remains MTN’s biggest driver:

1. Revenue up 35.7% to GH¢6 billion
2. User base expanded to 19.3 million
3. Advanced services (loans, savings, insurance) grew 55.9%

CEO Stephen Blewett linked the surge partly to the removal of the e-levy, which boosted adoption and transactions.

Digital Services & Ecosystem Expansion

Digital revenue rose 10.9% to GH¢479 million, driven by:

1. Growth in streaming and gaming
2. Strategic content partnerships
3. Increase in paying users to 5.4 million

This highlights MTN’s ongoing shift toward a digital services ecosystem.

Economic Contribution & Outlook

MTN Ghana also reinforced its economic impact:

1. GH¢10.5 billion in taxes
2. GH¢1.3 billion in fees and levies

Looking ahead, growth is expected to continue into 2026, supported by:

1. Infrastructure investment
2. Easing inflation
3. ICT sector expansion

However, risks remain from global factors like oil prices and geopolitical tensions.

Bottom Line

MTN Ghana’s performance shows one thing clearly: Telecom is no longer just about calls—it’s a full digital economy platform.