Company: Scancom
Country: Ghana
Sector: Wireless Telecom.
CEO: Stephen Blewett
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Accra, Ghana
Founded: 1994
Valuation/Revenue: $1,065.2m revenue / $2,724.1m market value (African Business Top 250, 2025)
Scancom PLC, trading publicly as MTN Ghana, is Ghana’s largest mobile network operator, providing voice, data, mobile money and digital services to tens of millions of subscribers. It is majority owned by South Africa’s MTN Group and is listed on the Ghana Stock Exchange.
What Does Scancom (MTN Ghana) Do?
Scancom operates Ghana’s leading mobile telecommunications network, offering voice and data connectivity, 4G and expanding broadband services, and — notably — MTN Mobile Money (MoMo), one of the most widely used mobile financial services platforms in West Africa, used for payments, transfers, savings and merchant transactions by millions of Ghanaians who may not have traditional bank accounts. This dual identity as both a telecom operator and a de facto financial-services provider is central to MTN Ghana’s business and to Ghana’s broader financial-inclusion story.
How Big Is Scancom / MTN Ghana?
African Business’s Top 250 (2025) recorded Scancom’s revenue at approximately $1,065.2 million with a market value of roughly $2,724.1 million, ranking it 125th among Africa’s largest companies and making it one of the most valuable companies listed on the Ghana Stock Exchange.
Who Is the CEO of Scancom (MTN Ghana)?
Stephen Blewett became chief executive officer of MTN Ghana on 1 April 2025, succeeding Selorm Adadevoh, who moved into the role of MTN Group Chief Commercial Officer. Blewett’s appointment continued MTN Ghana’s pattern of rotating senior operators through leadership of its most valuable operating markets.
Who Owns Scancom (MTN Ghana)?
Scancom is majority owned by MTN Group, the Johannesburg-headquartered pan-African and Middle Eastern telecom operator, which retains a controlling stake following MTN Ghana’s landmark 2019 initial public offering. That IPO floated roughly 35% of the company’s equity (around 4.6 billion ordinary shares) to Ghanaian investors and became notable as the first IPO globally to accept mobile money as a payment method for share subscriptions, reflecting MTN Ghana’s own mobile money platform.
Is Scancom Publicly Traded?
Yes. Scancom PLC is listed on the Ghana Stock Exchange (GSE), where it trades under the MTN Ghana brand and ranks among the exchange’s largest constituents by market capitalisation, making it a bellwether stock for the Ghanaian equity market.
Where Is Scancom Headquartered?
MTN Ghana’s headquarters are in Accra, Ghana, while its ultimate parent, MTN Group, is headquartered in Johannesburg, South Africa, with operations spanning 16 African and Middle Eastern markets.
What Has Scancom Been in the News For Recently?
MTN Ghana has continued to be a focal point of Ghana’s mobile money growth story and of MTN Group’s broader momentum — the parent group surpassed 300 million customers across its footprint in October 2025, becoming the first African-headquartered telecom operator to reach that milestone. Locally, MTN Ghana has also featured in discussions of Ghana’s telecom sector taxation and regulatory environment, spectrum allocation, and continued investment in 4G/data network expansion as Ghanaian data consumption grows.
Is Scancom (MTN Ghana) Legit?
Yes. Scancom PLC is a publicly listed, heavily regulated telecommunications operator subject to Ghana Stock Exchange disclosure rules, National Communications Authority licensing, and Bank of Ghana oversight of its mobile money operations, making it a legitimate and closely supervised business rather than an informal operator. Its status as Ghana’s largest mobile network by subscriber numbers and its backing by MTN Group, a major listed pan-African operator, further underline its legitimacy.
How Does MTN Ghana Compare to Its Competitors?
MTN Ghana’s principal rivals in the Ghanaian telecom market include Telecel Ghana (formerly Vodafone Ghana) and AirtelTigo, both of which trail MTN significantly in subscriber numbers and market share. In mobile money specifically, MTN’s MoMo platform holds a dominant position in Ghana’s mobile financial services market, competing with Telecel Cash and AirtelTigo Money, as well as with the country’s traditional banking sector as mobile money increasingly substitutes for conventional bank accounts among lower-income and rural Ghanaians.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
What is Scancom / MTN Ghana?
Ghana’s largest mobile network operator, offering voice, data and MTN Mobile Money services, majority owned by MTN Group.
Who is the CEO of MTN Ghana?
Stephen Blewett, who took over on 1 April 2025.
Is MTN Ghana publicly traded?
Yes, on the Ghana Stock Exchange, following a 2019 IPO that floated about 35% of its shares.
Who owns MTN Ghana?
MTN Group holds the controlling stake, with the remainder held by Ghanaian public shareholders.
Where is MTN Ghana headquartered?
Accra, Ghana.
How big is MTN Ghana?
African Business’s 2025 Top 250 recorded about $1.07 billion in revenue and a market value near $2.72 billion.