MTN Ghana, a subsidiary of MTN Group whose community enterprise operates as Scancom PLC, generated GHS23.2 billion ($1.98 billion) in service revenue within the first 9 months of 2026, a 33.5% enhance year-on-year, attributable to rising knowledge demand and rising adoption of digital and monetary services.
Revenue progress accelerated within the third quarter, rising 35.7% to GHS8.2 billion ($700.3 million), reflecting stronger efficiency throughout its connectivity and fintech operations.
The results level to a rising contribution from services past conventional voice calls, as extra prospects use cellular web, digital content material and monetary services.
“Growth remained well diversified across our key revenue streams,” stated MTN Ghana CEO Stephen Blewett. Data revenue elevated by 39.9% in Q3 2026, “supported by sustained demand for data and digital services, continued smartphone adoption, increased customer usage, portfolio optimisation and customer value management initiatives.”
Digital revenue grew 98.1%, reflecting elevated adoption of gaming, video and content material services, whereas Mobile Money revenue rose 26.5% as pockets and superior monetary services expanded. Voice revenue additionally elevated by 27.1%.
The figures present MTN data progress from a number of components of its enterprise, with knowledge and digital services recording notably sturdy will increase. Its revenue mannequin is more and more supported by prospects’ demand for web entry and services delivered over its community, alongside typical calls.
MTN Ghana’s expanding customer base explains the revenue progress. Mobile subscribers jumped 12.7% to 34.3 million, whereas energetic knowledge subscribers grew 16.1% to 22 million. Active Mobile Money customers rose by 6.9% to 18.9 million.
The quicker progress in energetic knowledge subscribers means that web services are gaining floor inside MTN’s buyer base. In Q3 alone, the corporate added roughly 1.5 million cellular subscribers, in contrast with 800,000 in Q2, alongside 700,000 energetic knowledge subscribers and 600,000 energetic Mobile Money customers.
MTN’s revenue progress additionally translated into improved profitability. Earnings Before Interest, Taxes, Depreciation, and Amortization EBITDA elevated by 40.6% to GHS14.3 billion ($1.22 billion), whereas its EBITDA margin expanded by 3.1 share factors to 61.5%. Profit after tax rose by 43% to GHS7.8 billion ($666.1 million).
Cash generated from operations rose to GHS14.6 billion ($1.25 billion), up from GHS10.8 billion ($922.3 million) within the corresponding interval of 2025. The firm attributed its stronger profitability to revenue progress, price administration and operational effectivity.
The outcomes counsel that MTN is changing its increasing enterprise into increased earnings, with revenue rising quicker than revenue. It additionally paid GHS9 billion ($768.6 million) in direct and oblique taxes, up from GHS7.3 billion ($623.4 million) a 12 months earlier.
“Overall, Q3 further strengthened our nine-month performance, demonstrating the resilience and diversification of our growth engines,” stated Blewett.
MTN’s efficiency comes amid enhancing financial circumstances in Ghana. The nation’s economic system grew by 6% in Q2 2026, with the ICT sector increasing by 30.9% and accounting for 41.5% of total economic growth.
The cedi, nevertheless, depreciated by 12.1% in opposition to the greenback within the first 9 months of 2026, based on MTN’s report. This may enhance the price of imported community gear and different dollar-denominated bills, even as decrease inflation offers a extra predictable working setting.
In a drive in direction of sustaining its progress, MTN Ghana invested GHS3.2 billion ($273.3 million) in capital expenditure throughout the 9 months, together with GHS2.6 billion ($222 million) in ex-lease expenditure. It expects service revenue progress within the low-to-mid-30s for the complete 12 months, with EBITDA margins within the high-50s to low-60s vary.
