MTN Ghana has announced plans to deploy 500 new cell sites across the country this year as part of a US$1.1 billion investment programme over the next three years aimed at improving network quality, expanding connectivity and accelerating Ghana’s digital transformation.
The investment, which includes approximately US$380 million earmarked for 2026, is expected to strengthen the telecommunications giant’s infrastructure, increase network capacity and extend coverage to underserved communities.
The General Manager of MTN Ghana, David Gyimah Boadi, disclosed this at a regional media and stakeholder engagement in Koforidua in the Eastern Region on Monday.He said the company’s investment strategy was driven by the need to provide reliable connectivity while ensuring that individuals, businesses and communities could take advantage of the opportunities offered by digital technology.
The engagement brought together media practitioners, government representatives, regulatory bodies and other stakeholders to discuss MTN’s operations, achievements and future plans as it celebrates 30 years of service in Ghana.The anniversary is being marked under the theme, “30 Years of Progress, Powered by You.”
Mr Boadi said MTN had evolved significantly since entering the Ghanaian market three decades ago, transforming from a telecommunications provider into a digital services platform connecting people, businesses and communities to opportunities.
He disclosed that more than 32 million subscribers relied on the company’s network, making investments in infrastructure, service quality and customer protection increasingly important.
Acknowledging that the company had faced challenges with network coverage and service delivery over the years, he said MTN had listened to customer concerns and continued to improve its operations.
He expressed appreciation to customers and other stakeholders for their feedback and patience, adding that the company remained committed to addressing service-related challenges.
Closing the digital divide
Mr Boadi stressed that network expansion alone would not deliver meaningful transformation unless it was accompanied by measures to make digital services accessible, affordable and useful to the population.
He said MTN was working to address barriers such as limited access, affordability, inadequate digital literacy and shortages of relevant technological skills.
According to him, the company was collaborating with government, educational institutions, development partners and local communities to ensure that more Ghanaians could participate in the digital economy.
He noted that technology had the potential to improve livelihoods, strengthen businesses and create employment opportunities, particularly for young people.
The General Manager said the company’s digital inclusion agenda therefore extended beyond providing connectivity to equipping people with the skills and resources needed to use technology productively.
MOMO transactions surge 44.4%
Mobile money continues to be a major component of MTN Ghana’s digital services, with the company recording a 44.4 per cent year-on-year increase in MoMo transaction value during the first half of 2026.
Mr. Boadi said active MoMo users increased by 3.1 per cent over the period, while transaction volumes and MoMo revenue each grew by 23.3 per cent.He described the platform as an important driver of financial inclusion, enabling individuals and businesses to conduct transactions and access financial services more conveniently.
He said the growing reliance on mobile money made customer protection and transaction security critical priorities for the company.
As part of efforts to strengthen confidence in digital financial services, MTN was investing in cybersecurity, data privacy and measures to protect customers against fraud.
Mr. Boadi urged customers to safeguard their PINs, passwords and personal information, warning that digital security required vigilance from both service providers and users.
He said the company was committed to maintaining strong security systems while promoting responsible digital behaviour among its customers.
MTN POSTS GH¢5.1BN PROFIT
Beyond its network expansion plans, MTN Ghana reported strong financial results for the first half of 2026, reflecting growth in its telecommunications and digital services businesses.
Mr Boadi disclosed that service revenue increased by 32.3 per cent to GH¢15 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 47.1 per cent to GH¢9.3 billion.
The company’s EBITDA margin improved to 61.8 per cent, while profit after tax climbed by 46.8 per cent to GH¢5.1 billion.
He said MTN’s contribution to national development also included substantial tax payments and statutory levies.
According to him, the company paid GH¢5.6 billion in direct and indirect taxes during the first half of 2026, alongside GH¢384.7 million in fees and levies.
Mr Boadi explained that a financially sustainable business was essential to maintaining network investments, supporting local enterprises, creating employment and financing social intervention programmes.
He said the company’s business performance should therefore be considered alongside its broader contribution to Ghana’s economic and social development.
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