MTN Ghana shatters tax records with $984m payment

MTN Ghana has delivered a blockbuster year, not only in profit growth and subscriber expansion, but also in its contribution to the national fiscus, paying a striking $984 million (GHS10.5 billion) in direct and indirect taxes in 2025.

The telecoms giant also paid $121.9 million (GHS1.3 billion) in fees and levies to government agencies during the year, reinforcing its role as a responsible corporate citizen at a time when Ghana’s macroeconomic recovery is gaining traction. 

These substantial financial contributions support national development and highlight the telco’s commitment to the country’s socioeconomic growth, complementing its wide range of community-focused initiatives throughout the year.

The massive fiscus financial contribution comes against a backdrop of stellar operational performance that cements Ghana’s status as one of the group’s most strategic markets.

Profit after tax surged 55.9% to $731 million (GHS7.8 billion), while service revenue climbed 36.2% year on year to $2.29 billion (GHS24.4 billion). Ebitda rose 43.5% to $1.38 billion (GHS14.7 billion), with margins widening to 60.1%, reflecting improved efficiency and disciplined cost management.

CEO Stephen Blewett attributed the results to consistent investment and customer-centric execution.

“Our strategy is centred on investing for growth, expanding network coverage and enhancing service quality while supporting Ghana’s digital and financial inclusion agenda. The strong results reflect resilient demand for data and mobile financial services, supported by improving macroeconomic conditions,” he said.

Data revenue surged nearly 49%, while Mobile Money (MoMo) income jumped 35.7% to $562.5 million (GHS6 billion). Digital revenue more than doubled, underscoring MTN Ghana’s pivot toward fintech and digital ecosystems.

The company invested $599.7 million (GHS6.4 billion) in capital expenditure, largely directed at 4G expansion and network upgrades, while mobile subscribers rose 9.2% to 31.2 million. Active data users grew 13.7% to 19.9 million, and active MoMo users climbed 12.3% to 19.3 million.

Beyond the numbers, MTN Ghana intensified its community-focused initiatives in 2025, supporting digital literacy programmes, youth entrepreneurship, health campaigns, and rural connectivity projects aimed at bridging the digital divide. 

These efforts complemented its substantial fiscal contribution of $984 million (GHS10.5 billion), directly supporting national development priorities.

At group level, MTN CEO Ralph Mupita announced a landmark milestone that Ghana is now the group’s third major market.

“Up until the end of last year, we’ve had two major subsidiaries within the context of the MTN Group, South Africa and Nigeria. This year we are adding Ghana as the third major subsidiary for the whole group, purely as a function of the way it has performed and the potential that we see going forward. It is a significant achievement,” Mupita said.

Source: IT Web Africa