MTN Ghana’s Mobile Money (MoMo) service continues to tighten its hold on Ghana’s digital finance landscape, adding more than 700,000 new active users in the past year to reach 17.7 million by the third quarter of 2025.
The growth, representing a 4.1% year-on-year rise, comes as more Ghanaians embrace cashless transactions for everyday payments, savings, and business operations. It also underscores MTN’s expanding role in deepening financial inclusion through technology.
According to the company’s latest operational and financial review, MoMo revenue climbed 39.2% year-on-year to GHS4.3 billion, one of the strongest performances within its portfolio. The increase was driven by higher transaction volumes, steady user growth, and the rapid expansion of digital financial services such as mobile lending and merchant payments.
Revenue from advanced MoMo services jumped 62.9% to GHS1.4 billion, while basic services rose 30%, reflecting a growing appetite for more sophisticated digital finance tools among users. Overall, Mobile Money now accounts for nearly a quarter (24.9%) of MTN Ghana’s total service revenue, up slightly from 24.4% in the previous year.
The company said the performance reflects a deliberate strategy to strengthen its fintech ecosystem through investments in platform reliability, security, and user experience. It also follows policy shifts, including the removal of the e-levy and measures to reduce cash-out transactions, which have encouraged customers to keep more funds within the digital system.
MTN Ghana’s focus on innovation and inclusion continues to pay off. The company’s total service revenue grew by 36.3% to GHS17.3 billion, supported by gains in data, voice, and MoMo services. Data revenue rose by 46.8% to GHS9.3 billion, while voice revenue remained resilient, increasing 9.3% to GHS2.9 billion despite a gradual shift to internet-based calls.
The telco said it has invested over GHS3.3 billion in network expansion and IT upgrades this year alone, improving service quality and extending coverage to more communities. These upgrades have also made it easier for MoMo agents and users to transact reliably even in remote areas, further expanding financial access.
MTN Ghana reaffirmed its commitment to scaling up its digital finance infrastructure, working closely with banks, agents, and merchants to grow its payment network and strengthen interoperability. The company said it remains focused on supporting Ghana’s broader goal of building a cash-lite economy and driving inclusive digital growth.
As one of Ghana’s most widely used financial platforms, MoMo continues to bridge the gap between technology and access, a space where MTN has firmly positioned itself as both a market leader and a partner in national development
