Ghanaian telecom executive Ebenezer Asante earned $3.2 million from MTN in 2025

Ghanaian telecom heavyweight Ebenezer Asante, senior vice president for West and Central Africa (WECA) at MTN Group, Africa’s largest telecom services provider, saw his total compensation at the end of 2025 rise by 37.56% to exceed $3 million, driven by the telecom giant’s exceptional financial performance. 

MTN profit recovery boosts executive pay

Asante’s compensation for 2025 reached a substantial R51.95 million ($3.17 million), a significant leap from the R37.77 million ($2.3 million) he received the previous year. 

This increase reflects the outstanding performance of MTN Group, which swung from a loss to a profit of R47.43 billion ($2.81 billion), marking one of the biggest financial recoveries in the company’s recent history.

Compensation driven by performance incentives
His 2025 compensation package comprised a base salary of R18.2 million ($1.11 million) and a performance-based short-term incentive of R16.23 million ($990,588), both attributed to MTN Group’s exceptional financial performance. 

He also received a long-term incentive award of R17.52 million ($1.07 million) from Africa’s largest telecom services provider to acknowledge his unwavering dedication to the group and his wealth of expertise as a seasoned professional. 

Asante’s leadership role at MTN Group
Asante, a seasoned Ghanaian executive who has served as the senior vice president for markets at MTN Group since 2020, oversees the company’s operations in three key regions. 

Before this, he held the position of senior vice president for Southern & East Africa, Ghana and Sudan regions (SEAGHAS) and WECA. Under Asante’s watch, his wealth of experience in general management and corporate leadership across diverse sectors, including FMCG, Fintech, and telecommunications, has added significant value to MTN Group. 

MTN returned to profit of nearly $3 billion from loss
In 2025, the pan-African telecom giant delivered strong service revenue, reporting a 22.59% rise from R188 billion ($11.15 billion) to R226.71 billion ($13.45 billion), lifted by strong contributions from Nigeria, R61.7 billion ($3.7 billion), Ghana, R35.73 billion ($2.12 billion), and its home market, South Africa, R51.09 billion ($3.03 billion). The group also swung from a loss to a profit of R47.43 billion ($2.81 billion), marking one of the biggest financial recoveries in the company’s recent history.

Subscriber base expands above 300 million

MTN expanded its subscriber base significantly during the year, adding 16.3 million customers to reach 307.2 million users across 16 markets.

Assets and equity show strong growth

Additionally, MTN Group’s total assets rose 15.51% to R498.71 billion ($29.58 billion) from R431.73 billion ($25.6 billion), while total equity advanced 23.38% to R169.73 billion ($10.07 billion) from R137.57 billion ($8.16 billion).