Telecommunications leader Scancom PLC, operating as MTN Ghana, has reaffirmed its status as a cornerstone of Ghana’s economic growth, reporting a record GH₵10.5 billion in direct and indirect taxes paid to the state in 2025.

The figure coincides with a 55.9% leap in profit after tax, which rose to GH¢7.8 billion, underscoring the company’s strong financial performance and the growing maturity of Ghana’s digital economy.

The company’s service revenue surged 36.2% to GH¢24.4 billion, driven by robust gains in mobile money, data services, and a near-tripling of digital revenue, reflecting a significant shift toward digital financial services and connectivity across the nation.

Heavy investments

In 2025, MTN Ghana invested approximately GH₵6.4 billion in total capital expenditure (CAPEX), primarily directed at expanding 4G coverage and improving overall service quality.

These investments were aimed at supporting a rapidly growing subscriber base, eliminating “dead zones,” and ensuring reliable connectivity in urban, peri-urban, and rural areas.

The network expansion has been instrumental in reaching 31.2 million mobile subscribers, with active data users increasing to 19.9 million.

This large-scale coverage and service enhancement have not only connected Ghanaians but also driven job creation, innovation, and access to essential digital tools for businesses and communities.

GH¢0.40 dividend reflects confidence

The Board of Directors has recommended a final dividend of GH¢0.40 per share, up from GH¢0.24 the previous year, signaling strong confidence in the company’s liquidity and sustained growth trajectory.

Pending shareholder approval, the dividend is scheduled for distribution on 10 April 2026.

Mobile money revolutionises financial inclusion

MTN Ghana’s Mobile Money (MoMo) platform has transformed financial access for millions of Ghanaians over the past 17 years. The platform now serves over 19 million active users, enabling money transfers, bill payments, savings, and micro-financial services, many of which were previously inaccessible to rural and underserved populations.

MoMo has also become an engine of employment.

By late 2025, over 923,000 agents had been registered, with roughly 423,000 active daily.

For many young Ghanaians, especially in rural areas, becoming a MoMo agent represents their first entry into the formal economy, highlighting MTN Ghana’s role in expanding financial opportunity and fostering entrepreneurship.

MTN Ghana Foundation ‘s achievement

Beyond telecommunications, the MTN Ghana Foundation has invested over GH₵100 million in 178 projects nationwide.

Key initiatives include the Bright Scholarship, which awarded 500 scholarships to talented but needy students and teachers in 2025. These beneficiaries, mainly from public tertiary universities, are now graduating as doctors, engineers, ICT specialists, and other professionals.

In healthcare, the Foundation’s Save a Life blood donation program collected 46,026 units of blood to support hospitals across the country as of early 2026.

The organization has also contributed to health infrastructure, including a 60-bed maternity and neonatal center at Keta Municipal Hospital, a STEM robotics lab at Mamfe Girls’ SHS, and an ICT Block at Yilo Krobo Senior High School.

On 5 March 2026, the Foundation is set to hand over a state-of-the-art Accident and Emergency Block to the Ho Teaching Hospital.

Youth development and agriculture also feature prominently.

The Foundation provided monetary and technical assistance to 450 MSMEs in 2025 and established a Vegetable Hub of Excellence at the University of Ghana’s School of Agriculture, promoting technology-driven agriculture and practical skills training for young people.

Ghana’s growing importance

The high-profile visit by MTN Group President and CEO Ralph Mupita in early 2025 reinforced Ghana’s importance to the group’s global strategy. Mupita announced a commitment to invest $1.1 billion (approximately GH₵2 billion) over the next three years, accelerating capital expenditure compared to the previous $1 billion investment over five years.

This investment will focus on network infrastructure and emerging technology, including 500 new sites to improve coverage in peri-urban areas.

Key drivers of success

Reviewing MTN Ghana’s performance, Chief Executive Officer (CEO) Stephen Blewett attributed the strong results to a combination of heavy infrastructure spending and a favourable macroeconomic environment.

“MTN Ghana reported a strong operational and financial performance for 2025, driven by the significant investment in our network and targeted commercial initiatives that have enhanced the customer experience,” Blewett said.

He further noted that the broader economic recovery played a critical role in the company’s success:

“These results were achieved in a favourable macroeconomic climate, with subsiding inflation and a strengthened local currency boosting consumer purchasing power.”

Looking forward, Blewett emphasised the company’s medium-term growth outlook:

“As the company transitions out of its ‘Ambition 2025’ strategic cycle, the leadership team remains bullish on the medium-term horizon. The company has maintained its guidance for service revenue growth in the ‘mid-to-upper thirties’ per cent range.”

He concluded with confidence in MTN Ghana’s position in the national economy:

“Looking ahead to 2026, MTN Ghana is well-positioned to capitalise on Ghana’s improving macroeconomic environment. Building on 2025’s performance and operational agility, we will continue to deliver value to our stakeholders.”

Driving economic growth beyond telecom

MTN Ghana’s contributions extend well beyond network provision. By combining robust taxation, network expansion, financial inclusion via MoMo, and investments in education, healthcare, and enterprise support, the company has become a major pillar of Ghana’s socio-economic development.

Through its efforts, MTN Ghana has enabled job creation, enhanced digital infrastructure, fostered entrepreneurship, and improved access to vital services, all of which underpin national economic resilience and growth.

As the company celebrates 30 years in Ghana in 2026, its evolution into a multi-layered digital business—spanning connectivity, fintech, and platform services—signals continued commitment to innovation, financial inclusion, and sustainable development.

MTN Ghana is more than a telecom provider; it is a key partner in building the nation’s economy, empowering citizens, and shaping Ghana’s digital future.