MTN Ghana reported strong financial results for the nine months ending September 30, 2025, driven by double-digit growth in data and mobile money services.
By the numbers
- Service revenue: up 36.3% year-on-year to GHS 17.3 billion
- EBITDA: up 41.6% to GHS 10.2 billion, with a 58.4% margin (+2.2 pp)
- Profit after tax: jumped 45.9% to GHS 5.5 billion
- Data revenue: surged 46.8% to GHS 9.3 billion, now more than half of total service revenue
- Active data users: up 11.4% to 18.9 million
- Fintech revenue: up 39.2% to GHS 4.3 billion
Zoom out
MTN Ghana’s performance shows its steady pivot from traditional voice services toward a data- and fintech-driven business model, aligning with its Ambition 2025 strategy.
Voice revenue grew 9.3%, while digital entertainment services more than doubled to GHS 324 million — reflecting growing consumer appetite for streaming and gaming.
Between the lines
- The company continues to invest heavily in network expansion and capacity upgrades to meet rising data demand.
- Inflationary pressures and regulatory costs remain challenges, but margins are expanding, signaling efficient operations.
- MTN’s MoMo platform remains a key growth engine as Ghana’s digital payments ecosystem matures.
What’s next:
MTN Ghana expects momentum to continue into Q4 as it deepens digital services and expands 4G and 5G coverage.
The telco reaffirmed its commitment to Ambition 2025, positioning itself as Ghana’s leading digital solutions provider.
