MTN Ghana reported a sharp increase in revenue and profit for the third quarter of 2025, underscoring the telecom giant’s growing dominance in the country’s digital economy as more Ghanaians turn to mobile data and fintech services.
The company said service revenue rose 36.3% year over year to 17.3 billion cedis ($1.2 billion), driven largely by surging demand for internet connectivity and the expansion of its mobile money platform.
Profit after tax climbed nearly 46% to 5.5 billion cedis, while earnings before interest, tax, depreciation, and amortization (EBITDA) rose 41.6 % to 10.2 billion cedis, lifting its operating margin to 58.4 percent.
“This performance reflects the success of our strategic focus on data and fintech,” the company said in its quarterly update, referencing its “Ambition 2025” plan to transform into a full digital services provider.
A shift in consumer behavior
Much of the growth came from data services, which now account for more than half of MTN Ghana’s total revenue.
Data income jumped 46.8 percent to GHC 9.3 billion, supported by an 11 percent rise in active users to nearly 19 million.
Average data usage per customer climbed more than 40 percent to 14.5 gigabytes per month.
Mobile money, or MoMo, remains another powerful driver. Revenue from the company’s fintech division surged 39.2% to GHC 4.3 billion, reflecting Ghana’s accelerating adoption of digital payments and the growing integration of MTN’s financial services into everyday transactions.
Voice services, once the backbone of the telecom business, grew a modest 9.3%, while digital entertainment offerings such as streaming and gaming more than doubled to GHC 324 million, indicating an emerging appetite for content consumption among Ghanaians.
Strength in a tough economy
The strong results come despite ongoing economic headwinds, including inflationary pressures and currency depreciation.
| Service revenue | +36.3% year-on-year to GHS 17.3 billion |
| EBITDA | +41.6% to GHS 10.2 billion, with a 58.4% margin (+2.2 pp) |
| Profit after tax | +45.9% to GHS 5.5 billion |
| Data revenue | +46.8% to GHS 9.3 billion, now more than half of total service revenue |
| Active data users | +11.4% to 18.9 million |
| Fintech revenue | +39.2% to GHS 4.3 billion |
MTN said continued investment in network infrastructure has been critical in maintaining service quality and supporting the surge in data usage.
Looking ahead
The company reaffirmed its commitment to expanding 4G and rolling out 5G services to meet Ghana’s increasing digital needs. Executives say they remain focused on deepening financial inclusion and delivering affordable digital access nationwide.
MTN Ghana’s growth trajectory could have broader implications for Africa’s telecom industry, where operators are racing to diversify into fintech and content services to offset slowing voice revenues.
This article was edited with AI and reviewed by human editors
