{"id":51372,"date":"2026-03-02T06:44:24","date_gmt":"2026-03-02T06:44:24","guid":{"rendered":"https:\/\/eduzim.co.zw\/news\/?p=51372"},"modified":"2026-03-02T06:44:24","modified_gmt":"2026-03-02T06:44:24","slug":"278354","status":"publish","type":"post","link":"https:\/\/eduzim.co.zw\/news\/2026\/03\/02\/278354\/","title":{"rendered":"MTN Ghana delivers the goods as West Africa fires on all cylinders"},"content":{"rendered":"<p> <script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>\u00a0<\/p>\n<figure id=\"attachment_278356\" aria-describedby=\"caption-attachment-278356\" style=\"width: 1500px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-278356 size-full\" src=\"https:\/\/i0.wp.com\/eduzim.co.zw\/news\/wp-content\/uploads\/2026\/03\/MTN-Ghana-delivers-the-goods-as-West-Africa-fires-on.jpg?resize=640%2C341&#038;ssl=1\" alt=\"MTN Ghana delivers the goods as West Africa fires on all cylinders - Stephen Blewett\" width=\"640\" height=\"341\" srcset=\"https:\/\/eduzim.co.zw\/news\/wp-content\/uploads\/2026\/03\/MTN-Ghana-delivers-the-goods-as-West-Africa-fires-on.jpg 1500w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2026\/03\/stephen-blewett-1500-800-300x160.jpg 300w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2026\/03\/stephen-blewett-1500-800-1024x546.jpg 1024w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2026\/03\/stephen-blewett-1500-800-768x410.jpg 768w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2026\/03\/stephen-blewett-1500-800-150x80.jpg 150w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2026\/03\/stephen-blewett-1500-800-450x240.jpg 450w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2026\/03\/stephen-blewett-1500-800-1200x640.jpg 1200w\" sizes=\"(max-width: 1500px) 100vw, 1500px\"\/><figcaption id=\"caption-attachment-278356\" class=\"wp-caption-text\">MTN Ghana CEO Stephen Blewett<\/figcaption><\/figure>\n<p><strong>MTN Ghana has<\/strong> reported a strong set of financial results, with profit after tax surging 55.9% to GH\u20b57.8-billion (R11.7-billion) for the year ended 31 December 2025, adding to the growing momentum in parent company MTN Group\u2019s key West African markets.<\/p>\n<p>The results come days after MTN Nigeria reported a dramatic full-year turnaround \u2013 swinging from a loss of \u20a6400.4-billion to a profit of \u20a61.1-trillion \u2013 as a more stable macroeconomic environment and surging data demand powered a recovery across the business.<\/p>\n<p>The strong performance from MTN\u2019s two largest West African operations is being reflected in the group\u2019s share price, which has rallied to multi-year highs on the JSE, gaining approximately 77% over the past 12 months.<\/p>\n<aside class=\"modern-quote pull alignright\">The strong performance from MTN\u2019s West African operations is being reflected in the share price<\/aside>\n<p>In Ghana, service revenue rose 36.2% year on year to GH\u20b524.4-billion, driven by a near-49% jump in data revenue, a 35.7% increase in Mobile Money (MoMo) income to GH\u20b56-billion and a more than doubling of digital revenue.<\/p>\n<p>Ebitda \u2013 earnings before interest, tax, depreciation and amortisation \u2013 climbed 43.5% to GH\u20b514.7-billion, with the Ebitda margin widening by three percentage points to 60.1%, underscoring stronger operating efficiency.<\/p>\n<p>CEO Stephen Blewett attributed the performance to strategic investments in network expansion and customer-focused initiatives, as well as the positive effects of a slowing inflation rate and a strengthened local currency, which helped improve consumer purchasing power.<\/p>\n<h2>Dividend hiked<\/h2>\n<p>Total mobile subscribers grew 9.2% to 31.2 million, active data users rose 13.7% to 19.9 million and active MoMo users increased 12.3% to 19.3 million. The company invested GH\u20b56.4-billion in capital expenditure during the year, with much of that directed at 4G coverage expansion and service quality improvements.<\/p>\n<p>MTN Ghana\u2019s board has recommended a final dividend of GH\u20b50.40\/share, a significant increase from the GH\u20b50.24 paid in the prior year.<\/p>\n<p>The results were accompanied by a disclosure that MTN Ghana had identified a prior-period error relating to network infrastructure leases that had not been remeasured following contractual extensions and the introduction of a fixed escalation clause that came into effect after the adoption of IFRS16.<\/p>\n<h3 style=\"text-align: right;\">Read: MTN Nigeria in dramatic full-year turnaround<\/h3>\n<p>In terms of IAS8, MTN Ghana has retrospectively restated comparative 2024 financial year figures and opening balances. MTN Group said it anticipates the restatement will improve FY2024 earnings per share loss by about 12c to -519c (from -531c) and lift headline EPS by about 12c to 110c (from 98c).<\/p>\n<p>The effects are non-cash, and the group said the restated information has not been reviewed by its external auditors and is provided for illustrative purposes.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-274317\" src=\"https:\/\/i0.wp.com\/eduzim.co.zw\/news\/wp-content\/uploads\/2026\/03\/1772433863_169_MTN-Ghana-delivers-the-goods-as-West-Africa-fires-on.jpg?resize=640%2C341&#038;ssl=1\" alt=\"Ghana\" width=\"640\" height=\"341\" srcset=\"https:\/\/eduzim.co.zw\/news\/wp-content\/uploads\/2026\/03\/1772433863_169_MTN-Ghana-delivers-the-goods-as-West-Africa-fires-on.jpg 1500w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2025\/11\/ghana-1500-800-300x160.jpg 300w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2025\/11\/ghana-1500-800-1024x546.jpg 1024w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2025\/11\/ghana-1500-800-768x410.jpg 768w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2025\/11\/ghana-1500-800-150x80.jpg 150w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2025\/11\/ghana-1500-800-450x240.jpg 450w, https:\/\/techcentral.co.za\/wp-content\/uploads\/2025\/11\/ghana-1500-800-1200x640.jpg 1200w\" sizes=\"auto, (max-width: 1500px) 100vw, 1500px\"\/><\/p>\n<p>Blewett said MTN Ghana is well positioned to capitalise on the country\u2019s improving macroeconomic environment in 2026, with plans to build 500 new network sites and maintain service revenue growth in the mid-to-upper 30s percentage range.<\/p>\n<p>MTN Group\u2019s full-year results, which will include the restated figures, are expected to be published on 16 March 2026.\u00a0 \u2013<em> \u00a9 2026 NewsCentral Media<\/em><\/p>\n<p style=\"text-align: center;\"><em><strong>Get breaking news from TechCentral on WhatsApp.<\/strong><\/em>\u00a0<em><strong>Sign up here<\/strong><\/em><strong>.<\/strong><\/p>\n<\/div>\n<p><script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n#MTN #Ghana #delivers #goods #West #Africa #fires #cylinders<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 MTN Ghana CEO Stephen Blewett MTN Ghana has reported a strong set of financial results, with profit after tax&hellip;<\/p>\n","protected":false},"author":1,"featured_media":51373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-51372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mzansi"],"_links":{"self":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/51372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/comments?post=51372"}],"version-history":[{"count":1,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/51372\/revisions"}],"predecessor-version":[{"id":51374,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/51372\/revisions\/51374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media\/51373"}],"wp:attachment":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media?parent=51372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/categories?post=51372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/tags?post=51372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}