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Who owns MTN Ghana? - The 20 largest shareholders revealed
Who owns MTN Ghana? - The 20 largest shareholders revealed

Who owns MTN Ghana? - The 20 largest shareholders revealed

In a recent disclosure, Scancom Plc, commonly known as MTN Ghana, has shed light on its ownership structure.

As the leading telecommunications company in Ghana, MTN Ghana plays a pivotal role in the country’s digital landscape. But who holds the reins? Let’s delve into the list of the top 20 shareholders as of December 31, 2023.

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INVESTCOM CONSORTIUM HOLDINGS S.A. dominates the shareholding landscape with a staggering 77.23% stake, SCGN/JPMC FIRSTRAND BANK LTD GTI:73863 follows with a more modest 2.87% ownership while the SOCIAL SECURITY AND NATIONAL INSURANCE TRUST (SSNIT) holds a significant 1.50% stake.

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See the list of twenty largest MTN Ghana shareholders as at December 31, 2023 below;

1. INVESTCOM CONSORTIUM HOLDINGS S.A.
Number of shares -  10,222,914,770 (77.23percent)

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2. SCGN/JPMC FIRSTRAND BANK LTD GTI:73863, 
Number of shares -379,277,829 (2.87percent)

3. SOCIAL SECURITY AND NATIONAL INSURANCE TRUST
Number of shares - 198,745,480 (1.50percent)

4. SCGN/SSB& TRUST AS CUST FOR KIMBERLITE FRONTIER, AFRICA MASTER FUND,L.P-RCKM
Number of shares - 178,612,110 (1.35percent)

5. HUNTER BOFOUR LTD
Number of shares - 122,904,743 (0.93percent)

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6. AFCAP GHANA LTD, A.G 
Number of shares - 122,904,743 (0.93percent)

7. DADEK HOLDINGS LTD,
Number of shares - 122,904,743 (0.93percent)

8. YEOTECH COMPANY LTD, 
Number of shares - 122,904,743 (0.93percent)

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9. SCANVISION INVESTMENTS LIMITED COMPANY
Number of shares - 122,904,743 (0.93percent)

10. STD NOMS/BNYMSANVLUX RE EASTSPRING INVESTMENTS SICAV-FIS
Number of shares - 110,306,438 (0.83percent)

11. SCGN / NORTHERN TRUST CO. AVFC 6314B
Number of shares - 99,915,882 (0.75percent)

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12. STD NOMS/TRUST ACCT/BNYMSANV RE BNYMSANVFFT RE ODD, O KIL AFR
Number of shares - 87,464,313 (0.66percent)

13. CORONATION FD MGERS IRE ON BEHALF OF THE AFR FRTR FUND
Number of shares - 59,552,104 (0.45percent)

14. STD NOMS/TRUST AC/BNYMSANV RE BNYMIL RE ALL AFR FD
Number of shares - 55,212,451 (0.42percent)

15. STD NOMS TVL PTY MOMENTUM SP REID SECURITIES LTD
Number of shares - 39,700,132 (0.30percent)

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16. STD NOMS/ BNYM RE VANDERBILT UNIVERSITY
Number of shares - 42,437,110 (0.32percent)

17. CBN/HSOPS/FM1,HSOPS FRONT 
Number of shares - 73,550,583 (0.56percent)

18. ENTERPRISE TIER 2 OCCUPATIONAL PENSION SCHEME 
Number of shares - 53,336,912 (0.40percent)

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19. GES OCC PENSION -DATABANK FINANCIALS
Number of shares - 48,368,296 (0.37percent)

20. SCGN/JPMC RE DUET AFRICA OPPORTUNITIES MASTER FUND, IC GTI:AEX26
Number of shares - 40,122,120 (0.30percent)

How much did the company earn for shareholders in 2023

Despite a challenging economic environment in Ghana marked by high inflation and currency depreciation, MTN Ghana, reported a successful year in 2023.

The company announced a profit of GH¢3.98 billion cedis and declared a dividend of GH¢0.175 per share in its audited 2023 Financial Report released yesterday. The company's share price on the Ghana Stock Exchange is trading at GH¢1.46p currently.

While the year presented its share of difficulties, MTN Ghana remained focused on delivering value to its stakeholders.

The company's service revenue grew by 34.6% year-on-year, driven by strong growth in voice, data, and Mobile Money. This growth translated to a 39.4% year-on-year increase in profit after tax, reaching GH¢4.0 billion. Additionally, MTN Ghana maintained a healthy balance sheet with GHS 225 million in outstanding principal debt. It paid paid GH¢5.9 billion in direct and indirect taxes.

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