MTN Ghana profit surges 43% following successful mobile money spin-off

MTN Ghana reported a 32.3% year-on-year increase in service revenue for the first half of 2026. EBITDA grew 39.8% to GHS 9.3 billion. The EBITDA margin expanded by 3.4 percentage points to 61.8%. Profit after tax rose 43.3% to reach GHS 5.1 billion.

Growth was driven by strong performance in data, fintech, and digital services. The company completed the structural separation of MobileMoney Fintech Ltd (MMFL) as a standalone entity in March 2026. Mobile subscribers increased 8.5% to 32.8 million. Active Mobile Money users grew 3.1% to 18.3 million.

Reflecting the strong performance, the boards of Scancom PLC and MMFL declared a second-quarter interim dividend of GHS 0.03 per share.