Accra, Ghana//- Sustained investments made by MTN Ghana into its network infrastructure are yielding results as the company is leading the country’s telecommunications market comfortably.
It is the leader in voice, data, digital, and Mobile Money (MoMo).
The telecoms giant achieved strong financial growth in 2025, reporting a profit after tax of GH¢7.8, according to the company’s 2025 financial figures.
This represents an increase of 55.9% compared to 2024 year-on-year.
This impressive growth was driven by service revenue, which stood at GH¢24.4 billion in 2025, depicting a 36.2% compared to 2024.
The financial results of the Scancom PLC, operators and owners of MTN Ghana, also revealed that the company’s mobile subscribers increased by 9.2% to 31.2 million.
It means that 31.2 million subscribers are on the MTN network out of the 35.1 million Ghanaian population.
MTN Ghana has always maintained that its network improvements coupled with the increased adoption of data and digital helped to accelerate growth in its customer base.
The company’s Service revenue increased by 36.2% year-on-year (YoY) to GH¢24.4 billion, driven by good growth in data, Mobile Money (MoMo) and voice services.
This strong performance was underpinned by targeted investments through our value-based capital allocation framework, which strengthened network infrastructure and improved service quality, the Chief Executive Officer of MTN Ghana, Stephen Blewett explained.
He added the company’s consistent focus on innovation and customer satisfaction enabled them to adapt to the evolving needs of their users and maintain a competitive edge in the Ghanaian market.
“We invested GH¢4.6 billion in ex-lease capital expenditure to enhance network quality, broaden coverage and capacity and modernise IT systems, resulting in improved operational efficiency and enhanced customer experience”, Mr Blewett noted.
“By the end of 2025, our commitment to expansion and quality allowed us to sustain 99.2% 4G population coverage and strengthen our leadership in providing excellent connectivity services”.
These strategic initiatives, alongside complementary commercial actions, led to an increase of 2.6 million mobile subscribers, bringing our total subscriber base to 31.2 million.
Data revenue of the MTN Ghana grew by 48.8% YoY to GH¢13.4 billion, driven by a 13.7% YoY rise in active subscribers – reaching 19.9 million by the end of 2025 – and a 55.4% YoY increase in data traffic.
Growth drivers included tailored data packages, an enhanced user experience and substantial investments in network expansion that boosted connectivity and reliability.
Average data consumption per user increased by 36.6% YoY to 14.7 GB per month, reflecting greater adoption of streaming, social media and online applications.
Consequently, data revenue’s share of total service revenue rose to 54.8%, up from 50.2% last year, underscoring the importance of data services in our connectivity strategy, the company’s 2025 annual report disclosed.
Its voice revenue remained resilient and increased by 7.8% YoY to GH¢3.8 billion. This growth was supported by a 9.2% YoY rise in mobile subscribers, network improvements for enhanced call quality and strengthened portfolio offerings.
Although total Minutes of Use (MoU) declined slightly by 2.9% YoY due to the continued migration from traditional voice to VoIP services, the company’s proactive customer value management initiatives helped offset potential revenue decline.
By personalising value offers and deepening customer engagement, we lessened the effects of declining MoU on overall revenue. Consequently, voice revenue’s share of total service revenue declined from 19.7% to 15.6%.
Furthermore, the company’s digital revenue grew strongly by 109.9% YoY to GH¢479.0 million, primarily driven by an increase in paying digital subscribers to 5.4 million.
This growth stemmed from enhancements to our video streaming and gaming services, resulting in a significant boost in user activity and engagement time.
Additionally, strategic partnerships with leading content providers also diversified and enriched our offerings, enabling us to deliver a broader and higher-quality selection of content and interactive experiences. As a result, digital revenue’s share of total service revenue climbed to 2.0%, up from 1.3% last year, reflecting strong progress in our digital transformation journey.
MTN Ghana recently announced the completion of the structural separation of its mobile money business, MobileMoney Limited, which generated Mobile Money revenue increased by 35.7% YoY to GH¢6.0 billion, underpinned by a 12.3% YoY increase in active users to 19.3 million.
The structural separation is in line with its strategic objective to scale its fintech operations and to comply with the localisation requirements of the Payment Systems and Services Act, 2019 (Act 987).
The merger became effective on March 31st, 2026, following the satisfaction or waiver of all conditions precedent and receipt of the required regulatory approvals.
The transaction involved the statutory merger of MobileMoney Ltd (MML), the former operator of the Company’s mobile money (MoMo) business, with MobileMoney Fintech LTD (MMFL), a newly incorporated entity established to operate the mobile money business in accordance with the Companies Act, 2019 (Act 992).
The MoMo revenue captured in the MTN Ghana 2025 report from basic services increased by 27.2% YoY, largely due to withdrawal and growth in transfer services following the abolishment of e-levy.
While the telecoms giant’s advanced services surged by 55.9% YoY to GH¢2.0 billion, fuelled by rising adoption of digital payments and lending solutions. Although Mobile Money’s share of overall service revenue dipped marginally from 24.9% to 24.8%, the growth momentum of payment and lending services was evident.
Network investments
Capital and expense efficiency remains a key focus and enabler for MTN Ghana in 2026 and beyond, as it continues to implement its value-driven capital allocation strategy, which prioritises investments in our high-demand business segments.
In 2026, the company plans to construct 500 new sites to enhance both network coverage and capacity, significantly improving population coverage and the overall quality of service for its customers.
Indeed, since day one, Scancom Ltd (MTN Ghana), which was incorporated in 1994 as a private limited liability company but began operations in Ghana in 1996, has never put off its pedal to the metal on network investments.
MTN has always seen Ghana as a market to invest in because of the confidence it has in the governance and political stability, policy predictability and consistent economic growth over the years.
This appetite has driven our investment decisions to invest over a billion US dollars in infrastructure since inception.
From 2G to 3G, 4G and currently 4G+ technologies
MTN continues to consistently be the first to launch innovative products and services. MTN first introduced GSM technology in Ghana and was the first to commercially launch all the generations of technologies: 2G, 3G, 4G LTE and 4G+. It is also working around the clock to roll out 5G technology in the country shortly.
As a risk-taker, the company invested in 3G technology at a time when 3G devices were not available in the country, and if they were, they were not affordable.
Similarly, MTN Ghana invested in 4G technology by acquiring 4G 800MHz FDD spectrum license for $67.5 million in December 2015. But its deployment started in June 2016.
This innovative technology was described by industry experts as ‘transformational’.
4G LTE is five to 10 times faster than 3G. This means faster internet download and upload speeds. Overall, the data experience of MTN subscribers has improved significantly, according to senior officials of MTN Ghana.
Subsequently, the telecoms service provider upgraded the 4G service to 4G+service in March 2019 to provide faster data speeds with the widest coverage for its customers, irrespective of their locations.
The 4G+ service, which runs on 4G LTE Advanced technology using the combination of the 800MHz and 2600MHz for carrier aggregation, is an enhancement on the 4G LTE experience.
This provides more capacity and enhanced data speed of up to 20 times if migrating from 3G to 4G+ and five times if migrating from 4G to 4G+.
The company is confident that the 4G+ technology would further impact the development of the country as it provides more opportunities for Ghanaians to fully utilise digital services.
Additionally, it would also go to support the growth of the country in the areas of Artificial Intelligence, Internet of Things and Big Data.
With faster internet and wider coverage, the transmission of data can be done with ease, on-the-go, with the best speed everywhere. Higher-speed internet broadband promotes business growth and enriched social lives, ultimately boosting national development.
Smart capex strategy
Furthermore, the company continued to deploy its smart capital expenditure (capex) strategy, supporting significant improvement in coverage expansion and maintenance of the network, customer experience and quality of service (QoS) in a year of accelerated need for digitalisation.
Consumers of digital services
Consumers of digital services hardly think about how these services are provided and what infrastructure the telecommunications company needs to put in place to get the system running.
Financial and economic journalist and president of Journalists For Business Advocacy (JBA), Suleman Mustapha, noted that digital transformation requires significant capital investment and a well-thought-out, agile implementation approach.
Capital investment forms the backbone of a robust network, and that can only be realised when the right plan and capex are in place.
As a company that believes everyone deserves the benefit of a modern connected world, MTN had already planned to modernise its network and provide solutions that simplify network management whilst delivering high performance long before the pandemic.
As a leading full technology company, MTN is in a state of perpetual innovation, and the implementation of the network modernisation strategy is tangible evidence of MTN’s commitment to leading the digital transformation agenda.
