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Investor | Ghana stocks | Building a dividend paying machine with MTN Ghana (MTNGH)

Ashanti, Ghana
Joined March 2026
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Year-to-date dividend tally from my single stock portfolio ( MTN Ghana ) $1,000 in dividends for 2026 has been achieved with the addition of Q2 interim dividend. We go again in December.
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Management expect margins to normalize towards the mid to high 50s (below 60%) over the medium term as 5G investments ramp up.
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MTN GH made roughly GH¢0.33 as Net profit for every GH¢1 of revenue.
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“Data Revenue..Performance was further supported by….growth in home broadband connections and subscriptions” It seems the new fiber unlimited plans are spurring higher growth in the segment. We’ll know for sure in the next NCA statistical bulletin.
Replying to @KingHector76791
I’ve been thinking about that for a while and I think the Govt gave MTN some sort of deal on that front because of the poor growth in new fiber subscriptions.
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Headless Investor retweeted
Another solid 9 Month performance from MTN GH. MTN GH is a quarter away from hitting the GH¢30 Billion Cedi full year revenue mark.
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In a surprising turn of events, Voice segment grew 27.1% YoY in Q3 2026! Higher than Mobile Money (26.5%) But for the full 9 months, Voice grew 7.6%. MTN GH is making sure Voice puts up a fight.
Though customers are migrating from traditional voice to voice-over-internet services, I like that MTN GH still puts in effort to ease the decline. Keeping it in the low single digits and making sure data revenue growth more than offsets it with time.
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MTN GH Investors, another ¢0.06/share combined dividend has been declared for Q3 2026. Ex dividend date is 24th Nov. Dividend payment date is 10th December.
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Yes it did! MTN GH has now increased revenue for 17 straight quarters! 4 good years without a quarterly revenue drop. Dominant. But profit after Tax declined 1.31% in Q3.
MTN GH has recorded revenue increases for 16 straight quarters. Since Q3 2022. Will Q3 2026 continue that streak?
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There’s a lot of data in this report to digest. We’ll go in depth tomorrow.
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Another solid 9 Month performance from MTN GH. MTN GH is a quarter away from hitting the GH¢30 Billion Cedi full year revenue mark.
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Headless Investor retweeted
MTN Ghana paid the government GHS9.0 billion in taxes in 9 months. It made GHS7.8 billion in profit. The taxman out-earned the shareholders. 🧵
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But the GSE and MTN GH are yet to upload it to their sites. They are stressing me this night.
MTN Ghana's Q3 report is out 😋
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It’s the 29th. MTN GH Q3 results will be released today.
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Headless Investor retweeted
🤯
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MTN Group CEO, Ralph Mupita is back in Ghana.
MTN Reaffirms Commitment to Driving Ghana’s Digital Infrastructure and Digital Sovereignty – MTN Group CEO visits Ghana Read more here: mtn.com.gh/newsabout/mtn-rea…
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MTN GH’s market capitalization is less than 1/10th of Reliance Jio Platforms.
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India’s Telecom giant, Jio listed on the NSE (India) today. The IPO was 22x oversubscribed and the stock surged over 21% on listing day to a $137 Billion market cap.
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My limit order just executed. MTN GH below ¢10 is a blessing.
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