MTN Ghana Revises Service Revenue Growth Guidance Amidst Macroeconomic Challenges

MTN Ghana has revised its medium-term guidance for service revenue growth from the high twenties to low to mid-thirties in percentage terms, as contained in its 2025 first-quarter financial results.

The company also expects margins to be in the mid-fifties range. This revision comes as MTN Ghana navigates prevailing headwinds and implements its Ambition 2025 strategy.

Key Strategic Initiatives
MTN Ghana further plans to leverage AI to improve customer experience and satisfaction. This includes:

- AI-powered Customer Support: Implementing AI-driven chatbots and virtual assistants to provide personalized support and resolve customer queries efficiently.
- Personalized Services: Using data analytics and machine learning to offer tailored services and promotions that meet individual customer needs.

Platform Strategy
The company will continue to enhance its platforms, including myMTN and MoMo applications, to provide superior services. This includes upgrading the myMTN app to offer a seamless user experience, allowing customers to manage their accounts, purchase bundles, and access customer support. And also by enhancing the MoMo platform to provide a wide range of financial services, including mobile money transfers, bill payments, and savings.

Partnerships
MTN also plans to continue its partnership arrangements with with financial institutions, agents, and merchants to drive the digital and financial inclusion agenda in Ghana. This includes:
- Agent Banking: Expanding agent banking services to reach more customers in rural and underserved areas.
- Merchant Partnerships: Partnering with merchants to offer mobile payment solutions and drive financial inclusion.

Efficient Capital Allocation
The company will invest capital efficiently through its value-based capital allocation strategy to seize opportunities arising from the growing demand for data. This includes:

- Data-Driven Investments: Investing in data infrastructure and services to meet the growing demand for data and enhance network capabilities.
- Value-Based Decision Making: Prioritizing investments that drive long-term shareholder value and support the company's strategic objectives.

Commitment to ESG Goals:
MTN Ghana said it remains committed to advancing its environmental, social, and governance (ESG) goals and implementing projects through the MTN Ghana Foundation to create a meaningful impact and contribute to societal progress.

The revision in service revenue growth guidance reflects MTN Ghana's adaptability to the changing macroeconomic landscape while pursuing its strategic objectives.

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