MTN Ghana’s Mobile Subscriptions Reach 25.4Million in 2021

MTN Ghana has announced its FY revenue results for the year 2021. Some of the major highlights for the results are:

• Subscribers (YoY)
  • Mobile subscribers increased by 3.9% to 25.4 million
  • Active data subscribers up by 15.3% to 12.4 million#.
  • Active Mobile Money (MoMo) users increased by 3.8% to 11.0 million
  – Service revenue grew by 28.5% to GHS7,701 million.
  – Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 33.7% to
  GHS4,249 million.
  – EBITDA margin up by 2.3 percentage points (pp) to 55.0%.
  – Total CAPEX for the period was GHS1,485 million^.
  – Proposed final dividend per share of GHS0.085∞.
  – GHS14.3 million spent on socio-economic initiatives in 2021.
  – GHS2,767 million paid in direct and indirect taxes during the period.
• Outlook: We forecast service revenue growth in the high teens over the medium-term from the previous guidance of 13% to 15%.

“2021 marked 25 years of MTN Ghana providing vital telecommunications and digital services. This improved the lives of Ghanaians as well as enabling growth of businesses and the economy. During this period, MTN Ghana has been instrumental in transforming the lives of our customers through innovations that have delivered broad-based digital and financial inclusion. We commemorated the 25th anniversary milestone by celebrating the loyalty and trust we have received from our valued
customers, our people and all stakeholders, who have made this journey a success.

As part of the 25th anniversary, we rolled out various programmes that included special promotions, bundles and numerous offers. We commissioned two landmark projects in Health and ICT skills development as part of our corporate social investments along with many other initiatives. These efforts reflect the continued recognition of the value we place on our partnerships and the support we received from our regulators and government more broadly. Following the disruptions from the COVID-19 pandemic and the implications for accelerated digitization to our lives and businesses, we rolled out our Ambition 2025 strategy, making major strides towards our goal of long-term growth and creating shared value for all our stakeholders.”

Excerpt from the Financial Report