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Ted News Ghana Blog of Sunday, 2 March 2025

Source: TEDDY VAVA GAWUGA

MTN Ghana Reports GH₵5.03 Billion Profit After Tax for 2024

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MTN Ghana has reported a profit after tax of GH₵5.03 billion for the financial year ending December 21, 2024, marking a 26.3% increase from GH₵3.98 billion in 2023. This strong financial performance reflects the company’s resilience and sustained growth.

As a result, the Board of Directors has proposed a final dividend of GH₵0.24 per share, up from GH₵0.175 in the previous year. This brings the total dividend payout for 2024 to GH₵0.305 per share, representing a 35.6% increase compared to 2023 and accounting for 80.26% of profit after tax, in line with MTN Ghana’s dividend policy.

The final dividend is subject to shareholder approval, with the ex-dividend date set for Wednesday, April 2, 2025, and payment scheduled for Wednesday, April 16, 2025. Shareholders recorded in MTN Ghana’s books as of Thursday, April 4, 2025, will qualify for the payout.

MTN Ghana CEO, Stephen Blewett, expressed confidence in the company’s performance despite economic challenges. “Our strategic initiatives and commitment to operational efficiency have delivered strong results, ensuring we continue to create value for our shareholders,” he stated.