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MTN Ghana paid a total of GH¢7.3 billion in direct and indirect taxes to the government in the first nine months of 2025. Additionally, it contributed GH¢1.2 billion in fees and levies to various government agencies during this period. According to its Third Quarter Financial Report, the telecom giant recorded GH¢5.5 billion in profit, about 45% growth over the same period in 2024. The service revenue increased by 36.3% year-on-year to GH¢17.3 billion. This increase was mainly driven by growth in our data, Mobile Money and voice services. It was supported by significant investments under our value-based capital allocation framework to enhance our network infrastructure and service quality. According to MTN, this strategic focus on innovation and customer satisfaction has helped us better meet the evolving needs of our users and remain competitive in the market. Data Revenue Data revenue grew by 46.8% year-on year, reaching GH¢9.3 billion. This was driven by an 11.4% increase in active subscribers, ending quarter three on 18.9 million, along with higher data usage. Key factors contributing to this growth include enhanced offerings such as customized data packages, improved user experience and significant investments in network expansion, which have improved connectivity and reliability. Voice Revenue The voice revenue remained resilient with a 9.3% year-on-year increase to GH¢2.9 billion in September 2025. This growth was driven by a 6.4% year-on-year rise in mobile subscribers, strategic investments in the network to improve call quality and stronger portfolio offerings. During the review period, usage (minutes of use) declined by 2.2% year-on-year due to the ongoing shift from traditional voice calls to Voice over Internet Protocol (VoIP) services. Digital Revenue The digital revenue increased by 103.3% year-on-year to GH¢324.4 million in quarter 3, 2025. This growth was mainly driven by an 18.7% year-on-year rise in active digital subscribers to 5.7 million. “The boost in our user engagement can be largely credited to improvements in our video streaming and gaming services, which have experienced a significant increase in usage and hours watched”, MTN said. MoMo Revenue Mobile Money revenue also increased by 39.2% year-on-year to GH¢4.3 billion in September 2025, mainly due to a 4.1% increase in active users to 17.7 million. Revenue from basic services grew by 30.0% year-on-year, while revenue from advanced services increased by 62.9% year-on-year to GH¢2.9 billion and GH¢1.4 billion, respectively. Commenting, the Chief Executive Officer of MTN Ghana, Stephen Blewett said “MTN Ghana’s performance in the third quarter of 2025 was driven by the consistent execution of our commercial strategy, resulting in a 6.4% year-on-year growth in our subscriber base and a 36.3% year-on-year increase in service revenue. This was supported by sustained capital expenditure investments (capex) as well as improvements in the operating environment, which positively impacted our operational capabilities across our key business lines”.
