MTN Ghana has reported a robust financial performance for the year ending December 31, 2024, posting a profit after tax of GH₵5.03 billion, representing a 26.3 per cent year-on-year increase from GH₵3.98 billion in 2023.
Following this strong performance, the Board of Directors has recommended a final dividend of GH₵0.24 per share, up from GH₵0.175 in the previous year.
This brings the total dividend for 2024 to GH₵0.305 per share, reflecting a 35.6 per cent increase compared to 2023.
The total dividend payout represents 80.26 per cent of profit after tax, aligning with the company’s dividend policy.
Meanwhile, over the period under review, the company also recorded GHS17.95 billion in revenue, which represents a 34 per cent year-on-year compared to that of the previous year.
It also paid out about GHS2.58 billion in total taxes from a profit before tax of about GHS7.6 billion. Indeed MTN did not disappoint on investments into the network, as it reported a significant GHS4.4 billion in capital expenditure during the year.
MTN Ghana CEO, Stephen Blewett, expressed satisfaction with the company’s performance despite economic challenges. “Our strategic initiatives and commitment to operational efficiency have delivered strong results, ensuring we continue to create value for our shareholders,” he stated.
