Databank analysts at Databank Research expect telecommunications company MTN Ghana to continue improving its financial results in the second half of 2026. The forecast is linked to the growth of its mobile internet and fintech services businesses, MyJoyOnline reports.
Network investments
According to Databank Research, MTN Ghana’s increased capital expenditure is expected to improve network quality and support continued growth in the number of higher-value mobile internet users for the company. The main investments are directed toward network modernization, the deployment of additional radio-frequency spectrum, and capacity expansion.
Analysts also expect that the merger of MobileMoney Limited and MobileMoney Fintech Limited will accelerate the development of new products and deepen ecosystem integration. In their view, this could strengthen fee income and improve operational efficiency.
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Results and shares
MTN Ghana generated 7.4 billion Ghanaian cedis in profit before tax in the first half of 2026. This is 44.5% higher than the 5.1 billion Ghanaian cedis recorded in the corresponding period of 2025.
The company’s service revenue rose by 32.3%, from 11.3 billion to 14.9 billion Ghanaian cedis. At the time of publication, MTN Ghana’s share price stood at 6.69 Ghanaian cedis, while its year-to-date return was 59.3%.
At the same time, the material separately cites a year-to-date share growth figure of 66.67%. Databank Research believes that the company’s defensive revenue profile, strong cash generation, and dividend prospects may support investor interest.
