Scancom PLC (MTN Ghana) has announced a strong set of results for the first half of 2026, delivering robust revenue growth, increased profitability, and enhanced shareholder returns, supported by strong performance across its data, digital, enterprise, home and fintech businesses.
The company recorded service revenue of GHS15.0 billion, representing a 32.3% year-on-year increase, while EBITDA grew by 47.1% to GHS9.3 billion, with EBITDA margin improving to 61.8%. Profit after tax increased by 46.1% to GHS5.1 billion, and earnings per share rose to GHS0.388, reflecting the company’s continued focus on disciplined execution and operational efficiency. During the period, the company paid GHS5.6 billion in direct and indirect taxes and GHS384.7 million in fees and levies.
Reflecting on the company’s performance and its broader impact on Ghana’s economy, MTN Ghana CEO, Stephen Blewett, said, “Our business’ resilience and successful execution of our strategy is evident in our first-half performance. Continued investment in our network, digital platforms and financial services ecosystem, empowers Ghanaians to seize opportunities in the connected and digital world. This growth bolsters the economy through substantial tax contributions and sustained national development investment. We remain committed to delivering exceptional customer experiences, fostering shared value and driving sustainable growth.”
Data services continued to be a key growth driver with data revenue increasing by 37.2% year-on-year, supported by growing smartphone adoption, increased demand for digital services and an expanding customer base. Active data subscribers grew by 17.0%, while average data usage increased by 38.0%.
MTN Ghana’s digital services business also recorded strong momentum, with digital revenue increasing by 98.0% year-on-year, driven by growing adoption of gaming, video and digital content services.
The fintech business maintained its strong growth trajectory, with Mobile Money revenue increasing by 23.3%, driven by greater adoption of digital financial services across the MoMo ecosystem. Transaction volumes increased by 27.3%, while transaction value grew by 44.4% year-on-year.
The company also highlighted significant milestones achieved during the period, including the successful completion of the structural separation of its Mobile Money business. The separation is expected to enhance operational focus and agility within the fintech business and strengthen its platform for future growth and long-term value creation.
As part of its commitment to delivering value to shareholders, Scancom PLC revised its dividend policy to enable the Board to declare interim dividends on a quarterly basis, subject to available cash resources, retained earnings and compliance with debt covenants. The company declared a total interim dividend of GHS0.12 per share for the period, representing a 50% increase year-on-year.
MTN Ghana’s impact, however, is not measured in revenue and taxes alone. Beyond the numbers, the company deepened its investment in education, health, economic empowerment and sustainability. It scaled the SME Accelerate Programme, expanded the MTN Bright Scholarship Scheme and commissioned a new Accident and Emergency Centre at the Ho Teaching Hospital. Through the 2026 Y’ello Care programme, MTN delivered 3,888 hospital beds and accessories to seven regional hospitals and settled medical bills and health insurance for 70 patients ensuring that shared value is delivered where it matters most.
Looking ahead, MTN Ghana remains confident in its medium-term outlook and Ambition 2030 strategy, which focuses on leading customer experience, expanding connectivity, accelerating fintech growth, strengthening digital infrastructure, leveraging artificial intelligence, and creating shared value for stakeholders.
