Scancom PLC (MTN Ghana) has released its 2024 Annual Report, showcasing a robust financial performance despite a challenging economic landscape. The telecommunications giant recorded significant revenue growth, reflecting its continued dominance in Ghana’s digital and mobile network sector.
Financial Highlights
MTN Ghana’s total revenue for 2024 surged, driven by strong data and voice revenue streams. The company’s net profit also saw a substantial increase, reaffirming its market leadership and commitment to delivering value to shareholders. Mobile money services, digital solutions, and fintech operations contributed significantly to the company’s financial success.
Business Growth and Digital Expansion
MTN Ghana’s strategic focus on digital transformation paid off, with a rise in data usage and mobile money transactions. The company continued to expand its 4G and 5G network infrastructure, improving service quality and accessibility across urban and rural areas.
The growth in digital services, including mobile banking and e-commerce platforms, underscored MTN’s commitment to innovation and financial inclusion. The company also enhanced its customer experience through AI-driven solutions and self-service platforms, making transactions smoother and more efficient.
Key Achievements in 2024
- Increased Mobile Money Adoption: MTN Mobile Money (MoMo) witnessed a surge in transaction volumes, further solidifying its position as Ghana’s leading digital financial platform.
- Network Expansion: The company invested heavily in network expansion projects, boosting connectivity in underserved regions.
- Regulatory Compliance and Partnerships: MTN Ghana strengthened collaborations with regulators and industry players to ensure compliance and improve service delivery.
- Sustainability and CSR Initiatives: The company continued to invest in corporate social responsibility programs, focusing on education, health, and digital literacy.
Outlook for 2025
Looking ahead, MTN Ghana aims to build on its digital momentum by rolling out new services and enhancing its fintech ecosystem. The company remains focused on achieving sustainable growth through innovation, customer-centric solutions, and strong regulatory engagement.
MTN Ghana’s 2024 performance reaffirms its position as the leader in Ghana’s telecom industry, setting the stage for further expansion and digital transformation in the coming years.
