MTN Ghana's total revenue increased by 32.2% to GHS 15 billion during the first half of 2026. The telecommunications company also reported a 43.3% rise in profit after tax, reaching GHS 5.1 billion for the same period.
This strong financial performance was primarily driven by sustained demand for data services across Ghana. Increased adoption of digital financial services, particularly Mobile Money, also contributed significantly. The company's continued investments in network expansion and platform modernisation supported this growth. These strategic efforts allowed MTN Ghana to meet the growing customer demand across its connectivity and fintech businesses.
MTN Ghana's robust results underscore the rapid digitisation of the Ghanaian economy. The country's increasing internet penetration and mobile money usage are key drivers. This trend aligns with broader economic shifts towards digital platforms for commerce and communication. The company's performance reflects its strategic positioning within this evolving landscape. It also highlights the growing importance of telecommunications in Ghana's economic development.
Ms. Antoinette Kwofie, Chief Financial Officer of MTN Ghana, confirmed these figures during a 'Facts Behind the Figures' engagement. She stated that the strong operational performance reflected solid commercial execution. This execution spanned both the connectivity and fintech businesses. Ms. Kwofie added that the results demonstrate the quality of the company's earnings. They also show the scalability of its business model. MTN Ghana remains committed to balancing growth, profitability, and disciplined investment for long-term value creation.
The company's significant financial results have several implications for Ghana's digital future. The continued expansion of MTN Ghana's network infrastructure will further enhance digital access nationwide. This will support economic activities that rely on reliable internet and mobile financial services. Investors will closely watch MTN Ghana's ability to sustain this growth trajectory. The company's revised dividend policy, with an interim dividend of GHS 0.12 per share, signals confidence. This represents a 50% increase year-on-year, potentially attracting more investment into the telecommunications sector.
Total costs for MTN Ghana increased by 21.6% to GHS 5.7 billion. This rise was largely due to higher network-related expenditure. Rent, utilities, and maintenance costs also contributed to the increase. These expenses were necessary to support the increasing customer demand. The company invested GHS 1.9 billion in capital expenditure during the period. This investment, excluding lease payments, strengthened network infrastructure. It also expanded capacity, modernised technology platforms, and enhanced digital capabilities.
Approximately 63% of this investment focused on radio access network infrastructure. This strategic allocation aims to maintain network leadership. It also seeks to improve customer experience and support future traffic growth. The fintech business maintained its strong growth trajectory. Mobile Money revenue increased by 23.3%. This was driven by greater adoption of digital financial services across the MoMo ecosystem. Transaction volumes increased by 27.3%, while transaction value grew by 44.4% year-on-year. MTN Ghana also improved capital efficiency. Capital expenditure intensity declined from 20.4% in 2021 to 12.9% in 2026.
Mr. Stephen Blewett, CEO of MTN Ghana, highlighted the Mission 2030 Strategy. This strategy remains central to the company's long-term growth agenda. The ambition is to become the preferred digital platform for consumers. This will be achieved through investments in connectivity, FinTech, and digital infrastructure. Strategic priorities include expanding data usage and accelerating home broadband adoption. Strengthening enterprise digital solutions and deepening participation in the mobile financial services ecosystem are also key. Continued investments in fibre infrastructure and Artificial Intelligence (AI) will support Ghana’s digital transformation. Customer experience, AI-driven operational efficiency, and shared value creation are key enablers for MTN Ghana's growth strategy.