MTN Ghana has been elevated to major subsidiary status within the MTN Group, highlighting the company’s strong growth, operational excellence, and strategic importance to the telecom giant.
With this upgrade, Ghana joins South Africa and Nigeria as one of only three major subsidiaries across the Group’s 18 operating markets in Africa. The recognition follows MTN Ghana’s emergence as the best-performing operation in 2025, after winning the Overall Winner award in the Group’s internal Million Dollar Challenge, which evaluates operational performance, customer experience, and strategic execution.
The Group Chief Executive Officer of MTN Group, Ralph Mupita, announced the development during a visit to Ghana last week, where he met with the board, management, and key stakeholders. He was accompanied by the Group’s Senior Vice-President for Markets, Ebenezer Asante.
Mr Mupita praised the board, the Chief Executive Officer of MTN Ghana, Stephen Blewett, and the management team for their leadership, governance, and disciplined execution. He noted that MTN Ghana’s consistent performance now serves as a benchmark for other operations in the Group.
MTN Ghana’s recognition as the 2025 Overall Winner was formally celebrated at the MTN Group Global Leadership Gathering in February 2026 in Johannesburg, South Africa. The company secured top honours in the Connectivity – Enterprise category, while its fintech subsidiary, MobileMoney LTD, won in the Fintech category.
The Chief Executive Officer of MobileMoney LTD, Shaibu Haruna, was named Fintech CEO of the Year and placed first runner-up for the overall Best CEO of the Year award, highlighting the growing scale and influence of MTN’s fintech operations in Ghana. Additional awards, including Largest and Most Valuable Platform in both connectivity and fintech, reinforced Ghana’s importance within MTN Group’s portfolio.
During his visit, Mr Mupita also engaged with regulators and policymakers, including the Bank of Ghana, the Ghana Investment Promotion Centre, and the Minister for Communications, Digital Technology and Innovations, Samuel Nartey George. Discussions focused on expanding digital infrastructure, promoting financial inclusion, and aligning MTN’s strategy with national development priorities.
Over the past five years, MTN Ghana has invested approximately one billion US dollars in capital expenditure and plans to invest an additional 1.1 billion dollars over the next three years, signalling continued confidence in Ghana’s digital economy.
The company currently operates more than 5,000 telecom sites nationwide and plans to add at least 500 more in 2026, a major increase from about 50 sites added the previous year. The expansion aims to improve service quality, reduce network congestion, and extend coverage to peri-urban and rural areas.
On the fintech front, MTN Ghana is working with the Bank of Ghana to expand mobile money services beyond USSD platforms, while strengthening systems to prevent fraud. Artificial intelligence is expected to play a central role in improving fraud detection across the mobile money ecosystem.
Despite inflationary pressures, currency depreciation, and other macroeconomic challenges, MTN Ghana has maintained resilience through strong financial and operational models and collaboration with regulators.
Looking ahead, the company plans to accelerate infrastructure deployment, expand digital and financial services, and continue its leadership role in Ghana’s telecommunications and fintech sectors
