MTN Ghana completes mobile money separation, paves way for fintech growth
MTN Ghana completed the structural separation of its mobile money business effective March 31, 2026. This action is a key step in scaling its fintech operations and complying with Ghana's Payment Systems and Services Act, 2019 (Act 987).
MobileMoney Ltd., the former operator of MTN Ghana's mobile money business, merged with MobileMoney Fintech LTD (MMFL), which will now run the mobile money operations under the Companies Act, 2019 (Act 992). No new shares were issued by MTN Ghana as part of the transaction, and the company confirmed that its core telecommunications business and shareholding structure remain unchanged. MTN Ghana CEO, Stephen Blewett, said, "This milestone reflects our commitment to driving innovation, strengthening digital infrastructure and delivering services that improve the lives of our customers." MobileMoney Fintech LTD CEO, Shaibu Haruna, added, "The transition marks a new chapter in our mission to deepen financial inclusion and deliver secure, customer-focused digital financial services."
The move allows both MTN Ghana and MMFL to operate with sharper strategic focus, full regulatory compliance, and enhanced long-term value creation for stakeholders.
Quick Summary
MTN Ghana has completed a key step involving its mobile money business and compliance with Ghana's Payment Systems and Services Act. This move positions the company to scale its fintech ambitions - but what does it mean for customers?
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