According to the Chief Executive of MTN Ghana, Stephen Blewett, the first half of the year was underpinned by sustained commercial execution of our Ambition 2030 strategic prioriti
The report indicates that telecom giant, MTN Ghana, recorded a profit before tax of GH¢7.4 billion in the first-half of 2026.
It further notes that this represents 44.5% growth over the GH¢5.1 billion posted in first half of 2025.
Service revenue also reached GH¢14.9 billion from GH¢11.3 billion recorded last year, representing a 32.3 % growth.
The numbers were captured in MTN’s half-year financial performance released to the investing public on July 31, 2026.
Drivers of Growth and Sterling Financial Performance
According to MTN Ghana, the 32.3% growth in service revenue was driven by strong execution across its connectivity and fintech businesses.
This was due to sustained demand for data services and further reinforcing the diversification and resilience of its revenue base.
This growth, according to MTN, was also supported by disciplined investment in network expansion, platform modernisation and customer experience initiatives.
Another line of operations that contributed significantly to its revenue for the first half of 2026 was the data business, which grew by 47.1% year-on-year to GH¢8.8 billion, supported by strong customer demand for data and digital services.
This performance, MTN says, was underpinned by a 17.0%, year-on-year, increase in active data subscribers to 21.3 million and a 38.0% year-on -year rise in average monthly data consumption to 19.3GB per active user. This reflects continued smartphone growth and digital adoption, including video streaming services, across our customer base.
As a result, data’s contribution to service revenue increased to 58.7%, up from 52.8% in half-year 2025, highlighting the continued evolution of our revenue mix towards higher-growth and more resilient digital services.
Mobile Money, from its Mobile Money Fitech Limited Company, contributed GH¢3.5 billion to MTN’s revenue.
This was supported by A strong performance across both our core wallet business and advanced financial services, alongside a 3.1% year-on-year increase in active mobile money users to 18.3 million.
Basic services grew by 21.2% year-on-year to GH¢2.3 billion, underpinned by a robust growth in person-to-person transfers.
