Mobile Money Fintech Shareholders Approve Q1 Dividend

Shareholders of Mobile Money Fintech Limited (MMFL), the operator of MTN Mobile Money services, have approved a first-quarter dividend of GH¢0.03 per share for the 2026 financial year, alongside a series of governance and operational resolutions aimed at strengthening the company’s long-term growth trajectory and digital security framework.

The approvals were taken at an Extraordinary General Meeting (EGM) held in Accra, where shareholders reviewed the company’s performance and endorsed structural changes following its transition to Mobile Money Fintech Limited.

According to the company, the meeting also focused on reinforcing corporate governance, improving operational continuity, and deepening investor confidence in Ghana’s fast-growing digital financial services sector.

Board Chair of Mobile Money Fintech Limited, Victoria Bright, explained that the meeting was convened to secure critical approvals necessary for the continued smooth running of the business following its restructuring.

“We invited our shareholders to give us certain critical approvals for the continuation of the business of MMF,” she said.

She added that one of the key resolutions included the formal transition of directors from Mobile Money Limited into the newly structured Mobile Money Fintech Limited.

“You will note from the proceedings and the resolutions passed today that we approved the transitioning of our directors from Mobile Money Limited into Mobile Money Fintech Limited, as we are now called.”

Shareholders also ratified the appointment of Ernst & Young (EY) as external auditors for the company.

“We chose Ernst & Young and needed our shareholders to approve that choice,” Mrs Bright explained.

In addition to MMFL’s own dividend declaration, shareholders were informed that MTN Ghana had also declared a similar payout, bringing total first-quarter returns to investors to GH¢0.06 per share.

“MTN Ghana had already declared dividends in a similar amount of three pesewas per share. Together, for the first quarter alone, our shareholders will receive six pesewas per share from the two companies’ combined,” she disclosed.

Chief Executive Officer of Mobile Money Fintech Limited, Shaibu Haruna, said the company remains committed to balancing shareholder returns with sustained investment in innovation, infrastructure and customer protection.

He noted that the company has transitioned from semi-annual dividend payments to a quarterly dividend structure, a move he attributed to improved performance and a stronger focus on consistent shareholder value.

“The three pesewas per share that has been declared is a reflection of the company’s performance in the first quarter,” Mr Haruna said.

He further indicated that MMFL would continue to invest in technological innovation to enhance customer experience and strengthen the wider digital payments ecosystem.

“Our service is going to continue to be strong in terms of the innovation that we bring into the ecosystem,” he stated.

A key focus area for the company remains the rising incidence of digital fraud within the financial technology space. Mr Haruna said MMFL is actively collaborating with industry stakeholders to address the challenge.

“We are working with our partners and ecosystem actors to combat the digital fraud we continue to see in the market. It is something we have taken very seriously,” he said.

He referenced the company’s recent publication, Uniting Against Digital Fraud: Strengthening Ecosystem Collaboration in Ghana’s Digital Financial Services Sector, describing it as a clear signal of the industry-wide urgency required to tackle fraud.

“The white paper reflects how critical this issue is for us and for the industry as a whole. We will continue to work with our partners to ensure that we collectively address these challenges,” he added.

The EGM also granted the board authority to determine the remuneration of external auditors for the 2026 financial year.