The operator also recorded a 39.8% increase in EBITDA to GHS9.3 billion, while profit after tax climbed 43.3% to GHS5.1 billion, reflecting continued execution of its growth strategy and improved operational efficiency.
MTN Ghana delivered strong financial and operational performance in the first half of 2026, with combined service revenue rising 32.3% year-on-year to GHS15.0 billion, driven by sustained growth in data services, fintech, and digital offerings. The operator also recorded a 39.8% increase in EBITDA to GHS9.3 billion, while profit after tax climbed 43.3% to GHS5.1 billion, reflecting continued execution of its growth strategy and improved operational efficiency.
The company said its customer base continued to expand during the reporting period. Mobile subscribers increased 8.5% to 32.8 million, active data subscribers grew 17.0% to 21.3 million, and active Mobile Money users reached 18.3 million, up 3.1% year-on-year. MTN Ghana invested GHS2.1 billion in total capital expenditure, including GHS1.9 billion in ex-lease capex, to strengthen its network and digital infrastructure.
A major milestone during the period was the completion of the structural separation of MTN Ghana’s Mobile Money business. The fintech operations now operate as MobileMoney Fintech Ltd (MMFL), following regulatory approval under Ghana’s Payment Systems and Services Act. MTN said the separation enhances the operational focus of the fintech business while maintaining the existing stapled share structure, allowing investors to retain exposure to both the connectivity and fintech businesses.
The Board of Scancom PLC declared a second-quarter interim dividend of GHS0.03 per share, while the Board of MMFL also declared a second-quarter dividend of GHS0.03 per share. The company noted that it has introduced a more flexible dividend framework that allows for quarterly dividend declarations, subject to earnings performance, cash flow generation and regulatory requirements.
MTN Ghana also highlighted its economic contribution during the six-month period, paying GHS5.6 billion in direct and indirect taxes and GHS384.7 million in fees and levies to government agencies. The company said these contributions, alongside its community investment programmes, reinforce its commitment to supporting Ghana’s socioeconomic development.
Beyond financial performance, the operator continued investing in healthcare, education and entrepreneurship. Key initiatives included the commissioning of a new Accident and Emergency Centre at Ho Teaching Hospital, the donation of 3,888 hospital beds and accessories through its employee volunteer programme, the expansion of the MTN Bright Scholarship to another 500 beneficiaries, and grants and business development support for five SMEs under the MTN Business SME Accelerate Programme.
Looking ahead, MTN Ghana said it expects Ghana’s macroeconomic environment to remain relatively stable despite global uncertainty. The company plans to continue executing its Ambition 2030 strategy by expanding connectivity, fintech, home broadband and enterprise services, leveraging artificial intelligence to improve productivity, and advancing financial inclusion and digital access across the country.
“MTN Ghana’s performance in the first half of the year was underpinned by sustained commercial execution of our Ambition 2030 strategic priorities and our unwavering commitment to delivering value to customers, shareholders, and the broader communities we serve. We continued to drive strong commercial momentum across our data, fintech, and digital businesses during the period, supported by sustained growth in active users, increased service adoption, and disciplined commercial execution. This momentum culminated in H1 2026 service revenue growth of 32.3% and further reinforced our position as the leading provider of connectivity and fintech solutions in Ghana.”
– Stephen Blewett, CEO, MTN Ghana
