By Ishmeal 
MTN Ghana has recorded a 43 per cent increase in profit after tax to GH¢7.8 billion for the first nine months of 2026, while paying GH¢9 billion in direct and indirect taxes to the government.
The figures cover the nine-month period ending September 30, 2026, and reflect the combined financial performance of Scancom PLC, which operates MTN Ghana, and MobileMoney Fintech Limited (MMFL).
According to the company’s latest financial results, tax payments increased from GH¢7.3 billion during the same period in 2025 to GH¢9 billion in 2026.
MTN also paid GH¢533.6 million in fees and levies to various state agencies during the period.
The GH¢9 billion tax contribution exceeded the company’s reported profit after tax of GH¢7.8 billion.
Revenue increases by 33.5 per cent
MTN Ghana’s service revenue grew by 33.5 per cent to GH¢23.2 billion, supported by strong performances in data, digital services and Mobile Money.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 40.6 per cent to GH¢14.3 billion, while the EBITDA margin improved by 3.1 percentage points to 61.5 per cent.
Profit before tax also rose by 47 per cent to GH¢11.4 billion.
The company’s financial results show that its data business remained the biggest contributor to service revenue.
Data and Mobile Money drive growth
Data revenue increased by 44.5 per cent to GH¢13.5 billion, accounting for approximately 58.1 per cent of total service revenue.
Active data subscribers rose by 16.1 per cent to 22 million, with average monthly data consumption reaching 19.8GB per active user.
Mobile Money revenue also recorded growth, increasing by 24.4 per cent to GH¢5.4 billion. Active MoMo users rose by 6.9 per cent to 18.9 million.
Meanwhile, digital revenue from services such as gaming, video and other content nearly doubled, rising by 98 per cent to GH¢642 million.
The company’s total mobile subscribers increased by 12.7 per cent to 34.3 million.
MTN maintains investment in network expansion
MTN Ghana’s capital expenditure stood at GH¢3.2 billion during the nine-month period, while free cash flow increased to GH¢7.4 billion.
The company also acquired spectrum in the 700 MHz and 3 GHz bands to support its 5G and mobile broadband services.
MTN Ghana Chief Executive Officer Stephen Blewett described the third-quarter performance as strong, pointing to growth across the company’s connectivity and financial technology businesses.
The company expects service revenue growth in the low-to-mid 30 per cent range for the full year, with its EBITDA margin projected to remain between the high 50s and low 60s.
The results highlight the growing contribution of telecommunications, data services and digital financial transactions to Ghana’s economy.
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