Shareholders of MTN Ghana approved a final dividend payout and reaffirmed confidence in the company’s leadership during its Annual General Meeting (AGM) held in Accra on Tuesday.
The meeting, which took place at the UPSA Auditorium, saw shareholders endorse a final dividend of GH¢0.40 per share for the 2025 financial year. The resolution received overwhelming backing, with 99.04 per cent voting in favour.
The dividend formed part of a total payout of GH¢0.48 per share for the year, reflecting what the company described as a strong financial performance driven by growth across its core business segments.
In his address, Chief Executive Officer, Stephen Blewett said that 2025 had been a “year of robust operational and financial performance,” supported by improved macroeconomic conditions, including easing inflation and a stronger cedi.
He noted that service revenue grew significantly, underpinned by strong demand for data and mobile money services, as well as continued investment in network expansion and digital innovation.
“We remained focused on improving customer experience while maintaining disciplined cost management,” he told shareholders.
According to him, MTN invested about GH¢4.6 billion in capital expenditure to enhance network quality and expand coverage, helping to grow its subscriber base to over 31 million by the end of 2025.
The company maintained 99.2 per cent 4G population coverage, reinforcing its position in Ghana’s telecom market.
On the fintech side, mobile money continued to be a major growth driver, with revenue rising sharply alongside an increase in active users. Mr Blewett said that the removal of the e-levy contributed to higher transaction volumes and broader adoption of digital financial services.
Beyond the financial results, shareholders also voted on several key resolutions, including the re-election of board members.
Board Chairman Ishmael Yamson was re-elected with 91.1 per cent of votes cast, while Antoinette Kwofie, Kofi Dadzie and Felix Addo also secured strong shareholder approval to continue in their roles.
Shareholders further approved directors’ fees for the 2026 financial year, with 88.77 per cent voting in favour.
In his remarks, Mr Yamson acknowledged the challenging global environment but expressed confidence in the company’s resilience.
He pointed to geopolitical tensions and global economic uncertainties but said that strong internal planning and strategic execution would position the company to withstand shocks and deliver value.
“Resilient companies anticipate change and prepare for it,” he said, adding that shareholders should expect continued value creation.
Speaking to the media, Mr Blewett also addressed concerns about the planned SIM re-registration exercise, indicating that the company was working closely with industry stakeholders and government to ensure a smooth process.
He explained that the exercise would be carefully phased and could incorporate digital solutions such as appointment systems to avoid congestion.
“It has to be done properly. It’s ultimately about the security of the country and the individual subscriber,” he said.
He also disclosed that MTN would begin reporting its fintech and telecom businesses separately within the next six months, although the full structural separation would take between three to five years to complete.
Despite potential external risks, both management and the board maintained that the company remained well-placed to sustain growth and deliver long-term value to shareholders.

