MTN Ghana reports over GH₵5billion profit after tax, declares 24 pesewas final dividend
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.
This brings the total dividend for 2024 to GH₵0.305 per share, reflecting a 35.6 per cent increase compared to 2023.
The total dividend payout represents 80.26 per cent of profit after tax, aligning with the company’s dividend policy.
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The final dividend is subject to shareholder approval, with the ex-dividend date set for Wednesday, April 2, 2025, and the dividend payment scheduled for Wednesday, April 16, 2025. Shareholders registered in MTN Ghana’s books as of Thursday, April 4, 2025, will qualify for the 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.