MTN Ghana Posts GH¢5.5 Billion Profit, Pays GH¢7.3 Billion in Taxes Amid Soaring Data and Mobile Money Growth

MTN Ghana has reported a robust financial performance for the first nine months of 2025, recording a profit of GH¢5.5 billion—a 45% increase from the same period last year—driven by strong growth in data and mobile money revenues.

The telecom leader said total service revenue rose 36.3% year-on-year to GH¢17.3 billion, supported by expanding subscriber numbers, increased data consumption, and strategic investments aimed at improving service delivery and network quality.

According to its third-quarter financial statement, MTN Ghana paid GH¢7.3 billion in direct and indirect taxes to the government, alongside GH¢1.2 billion in regulatory fees and levies. This underscores the company’s growing fiscal contribution to the Ghanaian economy amid a challenging macroeconomic climate.

“Our consistent execution of a value-based strategy and sustained capital expenditure have enabled us to deliver strong growth across key business lines,” said Chief Executive Officer Stephen Blewett.

Data and Mobile Money Drive Growth

Data revenue surged by 46.8% year-on-year to GH¢9.3 billion, buoyed by an 11.4% increase in active data users to 18.9 million. MTN attributed this to network expansion, improved connectivity, and enhanced data packages tailored to consumer needs.

Mobile Money (MoMo) revenue rose 39.2% to GH¢4.3 billion, powered by a 4.1% increase in active users to 17.7 million. Revenue from advanced MoMo services, including merchant payments and digital lending, jumped 62.9% year-on-year to GH¢1.4 billion.

Digital revenue doubled—up 103.3% to GH¢324.4 million—thanks to growing engagement in video streaming and gaming platforms, which now attract 5.7 million active digital users.

Voice revenue showed resilience with a 9.3% year-on-year increase to GH¢2.9 billion despite a decline in minutes of use, reflecting an industry-wide shift toward data-based communication services such as VoIP.

MTN Ghana continues to execute its long-term growth strategy focused on digital innovation, infrastructure expansion, and customer-centric solutions. Analysts note that the company’s strong fundamentals and investment in next-generation technologies position it as a dominant force in Ghana’s rapidly evolving telecom sector.

Source: Accra Business News