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MTN Ghana Posts Strong Growth, Declares GHS6.4bn Dividend

Dennis Ato Keelson by Dennis Ato Keelson
March 31, 2026
in Business
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MTN Ghana Posts Strong Growth, Declares GHS6.4bn Dividend

Dr. Ishmael Yamson, Board Chairman of Scancom PLC speaking at the 2026 AGM

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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.

A cross section of Shareholders at the 2026 AGM

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.

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

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.

Pala Asiedu Ofori, Company Secretary, Scancom PLC (MTN Ghana) speaking at the AGM

About MTN Ghana

MTN Ghana is the market leader in the mobile telecommunications industry in Ghana, offering subscribers a range of exciting options under Pay As You Go, Pay Monthly and Mobile Financial Services. The company is part of the MTN Group which is a leading emerging market leader with a clear vision to lead the delivery of a bold new digital world to our customers. We are inspired by our belief that everyone deserves the benefits of a modern connected life. Scancom PLC is listed on the Ghana Stock Exchange. Our strategy is Ambition 2025: Leading digital solutions for Africa’s progress.

Antoinette Kwofie, Chief Finance Officer responding to questions at the 2026 AGM
Some Shareholders at the 2026 AGM
Tags: Dividend GHS6.4bnMTN Ghana
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