According to its Q1 results, service revenue increased by 19.8%, supported by a 40.4% rise in Nigeria and 39.5% in Ghana. “Ghana and Nigeria were instrumental in our robust Q1 performance,” said MTN Group CEO, Ralph Mupita.
MTN Group has reported a strong first-quarter performance for 2025, driven by significant growth and regulatory reforms in Ghana and Nigeria.
According to its Q1 results, service revenue increased by 19.8%, supported by a 40.4% rise in Nigeria and 39.5% in Ghana. “Ghana and Nigeria were instrumental in our robust Q1 performance,” said MTN Group CEO, Ralph Mupita.
In Ghana, growth in voice, data, digital, and fintech segments pushed data revenue up by 54.9%, while mobile money volumes climbed 26.5% to 1.1 billion. The removal of the e-levy tax in April is expected to further boost Ghana’s mobile money ecosystem.
In Nigeria, MTN gained regulatory approval to adjust telecom service prices, restoring revenue momentum. Group-wide, fintech transaction volumes hit 5.5 billion, worth US$95.3 billion.
Mupita said structural reforms and regulatory clarity remain key, adding, “We are confident in our outlook for sustained growth and digital inclusion across the continent.”