MTN Ghana records GH₵1.7 billion profit in Q1 2025; Driven by data and MoMo
MTN Ghana has posted a profit after tax of GH₵1.7 billion for the first quarter of 2025, representing a 53.7 per cent increase compared to the same period last year. The strong performance detailed in the company's Q1 2025 results comes despite macroeconomic challenges including high inflation and currency depreciation, and reflects robust growth across the company’s key business segments. The telecom giant, officially known as Scancom PLC, reported service revenue of GHS5.4 billion for the quarter, marking a 39.6 per cent year-on-year increase. This was supported by rising demand for data, digital services, and Mobile Money (MoMo), as well as continued investments in network expansion and service innovation. The Chief Executive Officer, Stephen Blewett attributed the solid earnings to the effective execution of MTN Ghana’s commercial strategy. He noted that strategic initiatives across data, voice, fintech, and digital services […]
