MTN Ghana Delivers Strong Revenue Growth, Declares GHS6.4BN Dividend At 2026 AGM

1d ago | Source: MTN Ghana

Stephen Blewett, CEO of MTN Ghana addressing Shareholders at the AGM.

Scancom PLC (MTN Ghana) has reported a strong financial performance for the 2025 financial year, posting a 36.1% year-on-year growth in total revenue, as the company continues to solidify its position as a key driver for Ghana’s digital and economic transformation. MTN Ghana also recorded a 43.5% increase in EBITDA, with margins improving from 57.1% to 60.1%, while profit after tax surged by 55.9%.

Speaking to shareholders at the eighth Annual General Meeting (AGM) held at the University of Professional Studies, Accra (UPSA), the Board Chairman of MTN Ghana, Dr. Ishmael Yamson, credited the organisation’s strong growth to heightened customer engagement and strategic expansion in core business areas, including data, mobile money, digital and voice services. He emphasized that MTN’s performance is a testament to the dedication of management, staff, partners and a favourable macroeconomic environment.

Dr. Yamson said, “MTN Ghana’s impressive results were reinforced by a notable recovery in Ghana’s economy throughout 2025, highlighted by falling inflation, enhanced currency stability and improved fiscal discipline. Inflation dropped significantly from 23.8% to 5.4%, while the Ghana cedi strengthened against the US dollar, driven by effective policy measures and robust gold exports. Despite ongoing global economic uncertainty caused by geopolitical tensions and trade disruptions.” He noted that increased investment in artificial intelligence provided continued optimism for future productivity gains.

Building on its robust financial performance, the Board has proposed a final dividend of 0.40 pesewas per share and an interim dividend of 0.08 pesewas per share. This brings the total dividend payout for 2025 to 0.48 pesewas per share, a 57.4% increase over 2024, which amounts to a total distribution of GHS6.4 billion, representing 81% of profit after tax. The final dividend was approved by shareholders attending the AGM, with the payout scheduled for April 10, 2026.

Beyond strong financial results, MTN Ghana advanced its Environmental, Social and Governance (ESG) agenda in 2025, achieving significant milestones. MTN sourced about 50% of its energy from solar, helping reduce carbon emissions and boosting operational efficiency. Female representation in the workforce surpassed 43%, demonstrating a robust commitment to diversity and inclusion.

Through the MTN Ghana Foundation, the company continued to support education, health and economic empowerment initiatives, fostering national development and youth skill training.

Additionally, MTN made substantial contributions to government revenue, paying GHS10.5 billion in taxes and GHS1.3 billion in fees and levies.

Looking ahead, the Board Chairman acknowledged emerging global risks, including geopolitical tensions and rising oil prices, which could impact inflation and currency stability. Despite these challenges, he expressed optimism about Ghana’s economic outlook, citing continued fiscal discipline, infrastructure investment and strong growth prospects in the ICT sector driven by digitalisation and AI adoption.

Dr. Yamson reaffirmed MTN Ghana’s commitment to delivering sustainable value, investing in innovation and supporting national development. “Together, we will build a prosperous company that benefits all shareholders and embraces the promise of the future,” he said.