HomeLocal NewsMTN Ghana reports over GH₵5billion profit after tax, declares 24 pesewas final...

MTN Ghana reports over GH₵5billion profit after tax, declares 24 pesewas final dividend

By Benjamin Mensah

01/03/2025

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MTN Ghana has reported a robust financial performance for the year ending December 21, 2024, posting a profit after tax of GH₵5.03 billion, representing a 26.3 per cent year-on-year increase from GH₵3.98 billion in 2023. Following this strong performance, the Board of Directors has recommended a final dividend of GH₵0.24 per share, up from GH₵0.175 in the previous year.

The total dividend for 2024 has been set at GH₵0.305 per share, representing a 35.6 percent increase compared to 2023. This total payout accounts for 80.26 percent of the profit after tax, in line with the company’s dividend policy. The final dividend is subject to shareholder approval. The ex-dividend date will be Wednesday, April 2, 2025, and the payment is scheduled for Wednesday, April 16, 2025. Shareholders registered in MTN Ghana’s books as of Thursday, April 4, 2025, will be eligible for this payout.

MTN Ghana CEO, Stephen Blewett, expressed satisfaction with 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.

By: Kweku Zurek

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