MTN
Group has announced plans to reorganize its mobile money operations in Ghana
through a statutory merger of MobileMoney Ltd (MML) and MobileMoney Fintech Ltd
(MMF LTD). Under the merger, MMF LTD will become the surviving entity and
continue to operate MTN’s fintech business in the country.
The
move is part of steps to meet a localization requirement under Ghana’s Payment
Systems and Services Act, 2019, which mandates a minimum of 30% local equity
participation for companies seeking a licence to operate as dedicated
electronic money issuers.
The
terms of the merger are outlined in a Merger Agreement dated 31 October 2025,
which includes a detailed merger proposal. Shareholders, creditors, and any
other interested parties can inspect copies of the agreement at the registered
offices of MML and MMF LTD during normal business hours until 1 December 2025.
Copies
of the Merger Agreement are also available free of charge upon request, either
physically at the reception of MML or MMF LTD or via email at customercare.gh@mtn.com
for MML and MobileMoneyFintech.GH@mtn.com
for MMF LTD.
The
statutory merger marks a key step in MTN Group’s ongoing efforts to strengthen
its fintech operations in Ghana while ensuring compliance with local regulatory
requirements.
