MTN MoMo has become one of the most essential financial tools in Ghana—used daily for sending money, saving, paying bills, and keeping businesses running. Now, MTN Ghana is restructuring the MoMo business into a fully independent fintech company called Mobile Money Fintech Ltd.
If you are an MTN Ghana shareholder—or considering becoming one—this is an important development. Many shareholders are unsure about what exactly MTN is asking them to approve, so here is the simple breakdown.
What Exactly Is Happening?
MTN Ghana is reorganising the MoMo business to comply with the Bank of Ghana’s Payment Systems and Services Act (Act 987), which requires mobile money operators to operate as independent, well-capitalised fintech companies.
Here’s what the restructuring involves:
1. MoMo moves into a new company
-The current MoMo business, which operates under MTN Ghana through MobileMoney Ltd (MML), will be transferred into a new entity: MobileMoney Fintech Ltd.
-This transfer of assets and operations is what MTN calls the merger.
2. An Extraordinary General Meeting (EGM) is being held
-MTN Ghana needs shareholder approval to complete the merger.
-Without approval, MTN risks non-compliance with BoG requirements, which could threaten MoMo’s licence.
3. The old structure will be dissolved
-Once the transfer is completed, the old MML will be dissolved.
-The new MobileMoney Fintech Ltd will apply for its own licence directly from the Bank of Ghana.
Deadline:
All of this must be completed before 31 December 2025 by law.
Why You Should Care as a Shareholder
1. Your vote is required
Shareholder approval is mandatory.
If the merger does not happen, MoMo risks being non-compliant—with direct consequences for MTN’s revenue and your dividends.
2. This is a major structural shift
All MoMo:
-Assets
-Liabilities
-Employees
…will be moved into the new company.
This is not a breakup, but a compliance-driven reorganisation.
3. Your economic benefits remain unchanged
A Fintech Trust will hold shares in the new company on behalf of minority shareholders.
This ensures that:
-You keep the same proportional ownership in the MoMo business
-You still benefit from MoMo’s profits
-You remain exposed to MoMo’s future growth
Nothing about your earnings or entitlements changes.
Key Implications: What This Means for You
-Your earnings stay the same
You will continue to benefit from MoMo’s performance just as you do today—no dilution, no loss of value.
-The restructuring simply protects the business
It puts MoMo in the correct regulatory structure to secure its continued operation.
– Future growth opportunities
MTN plans to list MobileMoney Fintech Ltd on the Ghana Stock Exchange within 3 to 5 years.
This could unlock significant value for shareholders.
Bottom Line
This restructuring is not a threat—it’s an opportunity.
MoMo becomes a compliant, independent fintech company with potential to grow even larger, while your economic stake remains intact. All that’s required now is your approval at the EGM.
