Taxes and Levies wipe away 51% of MTN Ghana’s GHS 12.7 billion revenue for Q3 2024

MTN Ghana reported GHS 6.1 billion in direct and indirect tax payments to the government for Q3 2024, alongside GHS 455.9 million in fees and levies, which constituted 51% of its total revenue.

Despite a revenue drop, the company achieved a profit-after-tax of GHS 3.8 billion, a 35.5% year-on-year increase. Service revenue rose 32% to GHS 12.7 billion, driven by strong growth in data, Mobile Money, and digital services.

However, voice revenue fell 3.4%. Looking ahead, MTN Ghana plans to continue investing in its platforms and network as part of its Ambition 2025 strategy.

Read full article