MTN, which is in the process of acquiring Africa’s largest cellphone tower provider, is planning to build 500 new base stations in Ghana in this financial year.
On Monday, MTN’s third-largest operation said it plans to construct 500 new sites to enhance network coverage and capacity, significantly improving population coverage and the overall quality of service.
This is part of a broader plan by MTN Ghana to scale its connectivity business by further enhancing data connectivity, expanding home solutions and advancing MTN Business (enterprise) offerings such as Yello Biz in 2026.
For the year ending December 2025, total capital expenditure stood at 6.4bn Ghanaian cedis (R9.63bn).
Excluding spend on leases, the company spent 4.6bn cedis (R6.92bn) “to enhance network quality, broaden coverage and capacity and modernise IT systems, resulting in improved operational efficiency and enhanced customer experience”.
The company did not specify how much it will spend in this financial year.
MTN Ghana, the second of MTN Group’s units to report annual earnings, posted a strong operational and financial performance as it surpassed the 31-million subscriber milestone.
Like MTN Nigeria, the Ghana unit also attributed the strong performance to improved macroeconomic conditions and a stronger currency.
Service revenue increased 36.2% to 24.4bn cedis (R36.6bn) in the year to end December, with earnings before interest, tax, depreciation and amortisation (ebitda) increasing 43.5% to 14.7bn cedis (R22.1bn).
Profit after tax increased 55.9% to 7.8bn cedis (R11.74bn). A final dividend of 40 pesewas (R0.60) was recommended compared with 24 pesewas a year ago.
Mobile subscribers increased 9.2% to 31.2-million, with active data subscribers rising 13.7% to 19.9-million. Active Mobile Money (MoMo) users increased by 12.3% to 19.3-million.
“Our results were delivered against the backdrop of an improved macroeconomic environment in 2025, with subsiding inflation and a strengthened local currency. These positive trends boosted consumer purchasing power and reinforced investor confidence, creating a supportive environment for sustained growth in MTN Ghana’s business,” said CEO Stephen Blewett.
Blewett said the group is well-positioned to capitalise on Ghana’s improving macroeconomic environment.
“Our commitment to finding efficiencies that enhance the bottom line remains unwavering, ensuring that we protect margins as the external environment becomes more favourable,” he said.
Expanding fintech products and forging new partnerships will be central to its strategy in 2026.
“We are committed to deepening collaborations with financial institutions, agents and merchants to broaden the reach of our fintech business and strengthening the overall fintech ecosystem, in line with Ghana’s digital transformation and financial inclusion priorities,” he said.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.