MTN Ghana Restructures Fintech Operations as MobileMoney Ltd Initiates Statutory Merger to Meet Local Equity Requirements
MTN Ghana has commenced a major restructuring of its financial technology operations as MobileMoney Ltd (MML) and MobileMoney Fintech Ltd (MMF Ltd) move toward a statutory merger aimed at meeting new regulatory requirements governing mobile money operators in Ghana.
In a joint notice issued by the two entities, MTN announced that MML — the current operator of the company’s mobile money services — will be merged into MMF Ltd, which will become the surviving entity and assume full responsibility for MTN’s fintech operations in the country.
The restructuring is intended to align the business with the Payment Systems and Services Act, 2019 (Act 987), which mandates that all dedicated electronic money issuers maintain a minimum of 30 percent local equity participation. Compliance with this requirement is a key condition for securing and sustaining an operational licence from the Bank of Ghana.
Details of the transaction are captured in a merger agreement signed on 31st October 2025, together with a full merger proposal.
Copies of the documents have been deposited at the registered offices of both companies, located at the Standard Chartered Bank Building on the Ring Road Central in Accra. Shareholders, creditors, and other eligible parties may inspect the documents until 1st December 2025.
Interested persons may also obtain free copies of the merger agreement either in person or through the designated email channels provided by the companies.
The ongoing consolidation represents a significant step in MTN’s wider strategy to enhance governance, strengthen regulatory compliance, and optimise the structure of its fast-growing fintech business in Ghana. It also positions the company to unlock additional growth opportunities within the digital payments and financial services ecosystem as competition intensifies and regulation evolves.
