Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
MTN Ghana
On this page
Company details
- Legal name
- Scancom PLC
- Listing
- MTNGH on the Ghana Stock Exchange, active (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2024 · published summary of audited statements, signed / final · source
Read with these figures
- Summary financial statements. FY2024 figures come from a published summary of the audited statements, not the full statements.
Full wording and sources
2024, 2023: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'The condensed consolidated and separate financial information has been extracted from the full set of audited general purpose financial statements prepared in accordance with IFRS Accounting Standards ...' (p16) Report of the independent auditor on the summary financial statements (ISA 810 (Revised)), p11: 'In our opinion, the accompanying summary consolidated and separate financial statements are consistent, in all material respects, with the audited consolidated and separate financial statements, in accordance with the basis of preparation described in the notes.' It states: 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 28 February 2025.' Signed for Ernst & Young, dated 28.02.2025. Condensed statements of comprehensive income, financial position, changes in equity and cash flows (Group and Company), with segment, PPE, contingent-liability and fair-value notes (pp12-19). Condensed lines: the cash-flow statement starts from cash generated from operations (no reconciliation from profit); no full notes.
Source: Scancom PLC (MTN Ghana) Condensed consolidated and separate financial information for the year ended 31 December 2024 (dated 2025-02-28)
-
Revenue
GHS 17.9 billion
17,948,326 GHS thousands · p12
+34.4% vs 2023
-
Operating profit / (loss)
GHS 7.92 billion
7,924,846 GHS thousands · p12
+30.4% vs 2023
-
Profit / (loss) for the year
GHS 5.03 billion
5,028,736 GHS thousands · p12
+26.3% vs 2023
-
Total assets
GHS 41.4 billion
41,401,759 GHS thousands · p13
+33.7% vs 2023
-
Total equity
GHS 10.5 billion
10,471,128 GHS thousands · p13
+21.5% vs 2023
-
Cash from operations
GHS 5.52 billion
5,524,610 GHS thousands · p16
+6.2% vs 2023
Large amounts are rounded for reading (GHS million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in GHS thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2024 — published summary of audited statements (summary), signed / final; reported for the year · source
- FY2023 — published summary of audited statements (summary), signed / final; comparative in the FY2024 filing · source
- 2024, 2023: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The condensed consolidated and separate financial information has been extracted from the full set of audited general purpose financial statements prepared in accordance with IFRS Accounting Standards ...' (p16) Report of the independent auditor on the summary financial statements (ISA 810 (Revised)), p11: 'In our opinion, the accompanying summary consolidated and separate financial statements are consistent, in all material respects, with the audited consolidated and separate financial statements, in accordance with the basis of preparation described in the notes.' It states: 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 28 February 2025.' Signed for Ernst & Young, dated 28.02.2025. Condensed statements of comprehensive income, financial position, changes in equity and cash flows (Group and Company), with segment, PPE, contingent-liability and fair-value notes (pp12-19). Condensed lines: the cash-flow statement starts from cash generated from operations (no reconciliation from profit); no full notes.
Income statement
| Line (as printed) | FY2024Published summary of audited statements (summary)reported for the year | FY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations |
|---|---|---|
| Revenue from contracts with customers | 17,948,326 | 13,349,471 |
| Other revenue1 | 2,622 | 1,464 |
| Direct network operating costs2 | (1,780,442) | (1,367,759) |
| Government and regulatory costs3 | (408,240) | (256,835) |
| Cost of handsets and other accessories4 | (72,903) | (63,100) |
| Interconnect and roaming costs5 | (694,378) | (592,716) |
| Employee benefits expense | (713,017) | (541,009) |
| Selling, distribution and marketing expenses | (2,377,229) | (1,913,660) |
| Other operating expenses | (1,664,014) | (815,387) |
| Depreciation | (1,953,702) | (1,389,990) |
| Amortization | (362,177) | (334,608) |
| Operating profit | 7,924,846 | 6,075,871 |
| Finance income | 372,544 | 288,748 |
| Finance costs | (701,681) | (774,912) |
| Profit before income tax | 7,595,709 | 5,589,707 |
| Income tax expense | (2,187,187) | (1,327,972) |
| Growth & Sustainability levy6 | (379,786) | (279,485) |
| Profit after income tax | 5,028,736 | 3,982,250 |
| Other comprehensive income | –7 | –7 |
| Total comprehensive income | 5,028,736 | 3,982,250 |
- Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (6)
- “Other revenue”: mapping to a shared definition is uncertain. Printed 'Other revenue', added to revenue from contracts with customers before EBITDA.
- “Direct network operating costs” is an issuer-specific line, not mapped to a shared definition: Operating cost.
- “Government and regulatory costs” is an issuer-specific line, not mapped to a shared definition: Operating cost.
- “Cost of handsets and other accessories” is an issuer-specific line, not mapped to a shared definition: Operating cost.
- “Interconnect and roaming costs” is an issuer-specific line, not mapped to a shared definition: Operating cost.
- “Growth & Sustainability levy” is an issuer-specific line, not mapped to a shared definition: Ghana Growth and Sustainability Levy, charged after income tax.
Balance sheet
| Line (as printed) | FY2024Published summary of audited statements (summary)reported for the year | FY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations |
|---|---|---|
| Non-current assets | 11,665,554 | 9,548,436 |
| Property, plant and equipment | 8,128,597 | 6,432,554 |
| Right-of-Use assets | 1,493,745 | 1,484,549 |
| Intangible assets | 1,734,116 | 1,369,559 |
| Investment in subsidiary1 | –2 | –2 |
| Investments3 | 20,000 | 20,000 |
| IRU assets4 | 110,207 | 123,417 |
| Deferred tax assets | 88,170 | 73,011 |
| Capitalized contract cost5 | 90,719 | 45,346 |
| Current assets | 29,736,205 | 21,410,005 |
| Inventory | 52,270 | 80,998 |
| Trade and other receivables | 1,011,318 | 1,020,917 |
| Other assets6 | 203,984 | 87,769 |
| Other financial assets at amortized cost7 | 506,601 | 382,007 |
| Income tax assets | 386,320 | 189,533 |
| Growth and Sustainability levy assets8 | 40,371 | 14,138 |
| IRU assets9 | 33,710 | 29,129 |
| Investments in securities10 | 351,302 | 278,285 |
| Mobile Money float11 | 23,865,561 | 16,381,096 |
| Cash and cash equivalents | 3,284,768 | 2,946,133 |
| Total assets | 41,401,759 | 30,958,441 |
| Total equity | 10,471,128 | 8,619,074 |
| Stated capital | 2,222,888 | 2,222,888 |
| Retained earnings | 7,896,938 | 6,083,422 |
| Other reserves | 351,302 | 312,764 |
| Non-current liabilities | 2,480,360 | 2,703,498 |
| Borrowings | –12 | 73,422 |
| Deferred tax liabilities | 787,543 | 575,714 |
| Lease liabilities | 1,395,764 | 1,711,375 |
| IRU liability13 | 22,955 | 26,071 |
| Non-current share-based payment liability14 | 56,232 | 60,959 |
| Provisions15 | 12,153 | 9,990 |
| Other non-current liabilities16 | 205,713 | 245,967 |
| Current liabilities | 28,450,271 | 19,635,869 |
| Trade and other payables | 2,958,352 | 1,879,444 |
| Obligations to electronic money holders17 | 23,865,561 | 16,381,096 |
| Contract liabilities | 251,040 | 347,476 |
| Provisions | 243,664 | 246,416 |
| Lease liabilities | 847,048 | 448,109 |
| IRU liability18 | 4,036 | 3,795 |
| Borrowings | 70,443 | 158,216 |
| Other liabilities19 | 210,127 | 171,317 |
| Total liabilities | 30,930,631 | 22,339,367 |
| Total equity and liabilities | 41,401,759 | 30,958,441 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (17)
- “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Company only (nil for the group).
- “Investments” is an issuer-specific line, not mapped to a shared definition: Non-current investments (group).
- “IRU assets” is an issuer-specific line, not mapped to a shared definition: Indefeasible rights of use of capacity, non-current.
- “Capitalized contract cost” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Other assets” is an issuer-specific line, not mapped to a shared definition: Current.
- “Other financial assets at amortized cost” is an issuer-specific line, not mapped to a shared definition: Current.
- “Growth and Sustainability levy assets” is an issuer-specific line, not mapped to a shared definition: Current.
- “IRU assets” is an issuer-specific line, not mapped to a shared definition: Indefeasible rights of use of capacity, current.
- “Investments in securities” is an issuer-specific line, not mapped to a shared definition: Current.
- “Mobile Money float” is an issuer-specific line, not mapped to a shared definition: Cash held for e-money holders (current); equal to the obligations to electronic money holders.
- “IRU liability” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Non-current share-based payment liability” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Provisions” is an issuer-specific line, not mapped to a shared definition: Non-current provisions.
- “Other non-current liabilities” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Obligations to electronic money holders” is an issuer-specific line, not mapped to a shared definition: Current; footnote: GHS10.1 billion bank-owned funds and GHS13.8 billion customer wallets.
- “IRU liability” is an issuer-specific line, not mapped to a shared definition: Current.
- “Other liabilities” is an issuer-specific line, not mapped to a shared definition: Current.
Cash flow
| Line (as printed) | FY2024Published summary of audited statements (summary)reported for the year | FY2023Published summary of audited statements (summary)comparative in FY2024 filingsource limitations |
|---|---|---|
| N et cash generated from operating activities1 | 5,524,610 | 5,203,135 |
| Cash generated from operations | 10,991,971 | 7,867,054 |
| Interest received | 300,834 | 237,330 |
| Interest paid2 | (50,307) | (169,610) |
| Dividend paid | (3,176,682) | (1,072,177) |
| Dividend received3 | –4 | –4 |
| Growth and Sustainability Levy paid5 | (406,019) | (266,552) |
| Income tax paid | (2,135,187) | (1,392,910) |
| Net cash generated in investing activities | (3,732,877) | (3,018,513) |
| Acquisition of property, plant, and equipment | (2,969,456) | (2,361,192) |
| Acquisition of intangible assets | (736,440) | (576,867) |
| Investment in securities6 | (1,742) | (38,296) |
| Proceeds on disposal of PPE | 2,353 | 1,830 |
| Additional IRU capacity7 | (27,592) | (43,988) |
| Net cash used in financing activities | (1,433,209) | (845,717) |
| Decrease in total borrowings8 | (156,002) | (150,003) |
| Finance lease payment9 | (1,133,242) | (688,942) |
| IRU liabilities10 | 2,840 | 4,961 |
| Payment of stamp duty for scrip dividend issue11 | –12 | (11,733) |
| Other non-current liability13 | (146,805) | –12 |
| Net increase in cash and cash equivalents | 358,524 | 1,338,905 |
| Cash and cash equivalents at the beginning of the year | 2,946,133 | 1,586,207 |
| Exchange gain/(loss) on cash and cash equivalents | (19,889) | 21,021 |
| Cash and cash equivalents as at end of the period | 3,284,768 | 2,946,133 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (11)
- “N et cash generated from operating activities”: mapping to a shared definition is uncertain. Printed 'Net cash generated from operating activities' (the text layer splits 'N et'). Subtotal printed on the heading line; it is after dividends paid, which the issuer presents within operating activities.
- “Interest paid”: mapping to a shared definition is uncertain. Interest paid (borrowings and other; not split).
- “Dividend received” is an issuer-specific line, not mapped to a shared definition: Operating (company only; nil for the group).
- “Growth and Sustainability Levy paid” is an issuer-specific line, not mapped to a shared definition: Operating.
- “Investment in securities” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Additional IRU capacity” is an issuer-specific line, not mapped to a shared definition: Investing.
- “Decrease in total borrowings”: mapping to a shared definition is uncertain. Net decrease in borrowings.
- “Finance lease payment”: mapping to a shared definition is uncertain. Lease payments (principal and interest not split).
- “IRU liabilities” is an issuer-specific line, not mapped to a shared definition: Financing.
- “Payment of stamp duty for scrip dividend issue” is an issuer-specific line, not mapped to a shared definition: Financing (2023 only).
- “Other non-current liability” is an issuer-specific line, not mapped to a shared definition: Financing (group 2024 only).
Reported measures outside the statements
| Measure (as printed) | FY2024 | FY2023 |
|---|---|---|
| Earnings Before Interest, Tax Depreciation and Amortization | 10,240,725 p12 | 7,800,469 p12 |
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend paid |
(3,176,682) | GHS thousands | Summary statements, p16 |
| 31 Dec 2023 | Dividends paid (cash flow statement) | Dividend paid |
(1,072,177) | GHS thousands | Summary statements, p16 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Scancom PLC (MTN Ghana) Condensed consolidated and separate financial information for the year ended 31 December 2024
Year ended 31 December 2024 · Published summary of audited statements (summary) · signed / final
Audit: Ernst & Young Chartered Accountants, Accra (engagement partner Pamela Des Bordes), unmodified opinion · signed
Auditor's sign-off: Ernst & Young (ICAG/F/2025/126); engagement partner Pamela Des Bordes (ICAG/P/1329)
Final status: A report of the independent auditor on the summary financial statements (ISA 810 (Revised)) is printed as a scanned page (PDF p11): opinion that the summary is consistent, in all material respects, with the audited consolidated and separate financial statements; signed by hand for Ernst & Young (ICAG/F/2025/126), engagement partner Pamela Des Bordes (ICAG/P/1329), dated 28.02.2025 (page image). The condensed information was approved by the board on 27 February 2025 (pp13, 19; signatories' names printed, no signature images).
- Document date
- 28 Feb 2025
- Auditor's report
- 28 Feb 2025
- Board approval
- 27 Feb 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2024, FY2023
- Basis
- consolidated statements · GHS thousands (printed “GHS 000”)
- Directory name 'MTN Ghana'; the document prints the legal entity 'Scancom PLC (MTN Ghana)', registration number PL000322016, ISIN GHEMTN051541, share code MTNGH (p2).
- The group statement of changes in equity (p14) prints closing retained earnings 7,897,938 while the statement of financial position (p13) prints 7,896,938; the statement of financial position is transcribed as printed.
- Report of the independent auditor on the summary financial statements (ISA 810 (Revised)), p11: 'In our opinion, the accompanying summary consolidated and separate financial statements are consistent, in all material respects, with the audited consolidated and separate financial statements, in accordance with the basis of preparation described in the notes.' It states: 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 28 February 2025.' Signed for Ernst & Young, dated 28.02.2025.
- Condensed statements of comprehensive income, financial position, changes in equity and cash flows (Group and Company), with segment, PPE, contingent-liability and fair-value notes (pp12-19). Condensed lines: the cash-flow statement starts from cash generated from operations (no reconciliation from profit); no full notes.
Technical details
- File
- 21 pages, with a text layer
- SHA-256
834f54fcfc6e889acd96a3c3ac2176945686c97ecf34040fd4a5b91f5f9a40aa- Entity as printed
- Scancom PLC (MTN Ghana) (Incorporated in Ghana), Registration number: PL000322016
- Exchange copy
- retrieved 2026-10-08T17:53:57Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
Download
Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.