MTN Ghana Reports 43% Profit Rise in Nine Months
What happened
MTN Ghana reported a 43% increase in profit, reaching GH¢7.75 billion, for the nine months ending September 30, 2026. Service revenue rose 33.5% to GH¢23.15 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 40.6% to GH¢14.28 billion. The company noted that its mobile money business has operated as a separate entity since March 31, 2026.
From riotimesonline.com
Why it matters
MTN Ghana is a local business unit of MTN Group, a South African company listed in Johannesburg. The strong financial performance of MTN Ghana directly influences its trading activity on the Ghana Stock Exchange. This subsidiary profit growth also impacts the overall valuation of MTN Group.
MTN Group operates across Africa and serves markets in the Middle East, with its headquarters located in Johannesburg, South Africa.
From riotimesonline.com
Who's involved
- MTN GroupMultinational telecommunications company headquartered in South Africa
- MTN GhanaTelecommunications network in Ghana that reported the financial results
- Ghana Stock ExchangeStock exchange where MTN Ghana conducts trading and performance reporting
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MTN GroupSpeculative
MTN Group's market valuation might improve due to the subsidiary's profit growth.
- AFB BankSpeculative
Increased mobile money revenue and usage in Ghana could drive higher custodial fund volume for AFB Bank.
- Access BankSpeculative
Increased mobile money revenue and usage in Ghana could drive higher custodial fund volume for Access Bank.
- Afriland First BankSpeculative
Increased mobile money revenue and usage in Ghana could drive higher custodial fund volume for Afriland First Bank.
Keep exploring
Part of
MTN Group operates across Africa, serves markets in the Middle East, and is headquartered in Johannesburg, South Africa.Also in this story
- MTN Group's Ralph Mupita participated in a seminar discussing Africa's development challenges and calling for stable policy to unlock the continent's potential.
- ICASA fined Session Telecoms for regulatory breaches in South Africa, prompting a complaint from MTN Group.
- Industry events are taking place in Johannesburg, which is located in South Africa on the continent of Africa.
The entities involved
-
MTN Group
multinational telecommunications company based in South Africa
-
Johannesburg
largest city in South Africa
-
MTN Ghana
telecommunications network in Ghana
Nothing else this week.
Related events
- MTN Nigeria reported high profits in 1995.
- Ghana sees multiple developments, including GCB Bank leadership changes, MTN network expansion, and recognition of CSR initiatives.
- Local telecom solutions are challenging established large telecom companies in Nigeria.
- Muhammadu Buhari spoke to the Nigerian community in Johannesburg on November 2, 2026.