By: Nana Appiah Acquaye
MobileMoney Fintech LTD (MMFL) says its recent structural
separation will enable the company to deliver faster innovation, stronger
security and greater value to customers as it strengthens its position as a
leading fintech business in Ghana.
Speaking after the company’s Extraordinary General Meeting (EGM) in
Accra, the Chairperson, Ms. Victoria Bright described the completion of the
separation as a major milestone in MMFL’s evolution and its ambition to become
a leading fintech company in Africa.
“The separation gives MMFL greater agility and
operational focus. It creates the opportunity to strengthen governance, improve
efficiency and accelerate initiatives that deliver meaningful value to
customers while supporting long-term sustainable growth,” she said.
Madam Bright said the EGM was a key step in establishing MMFL’s
independent governance framework, enabling shareholders to approve resolutions
required for the company’s continued operations, including the transition of
directors into the new entity, the appointment of auditors and dividend-related
resolutions.
She said shareholders also approved the appointment of Ernst &
Young as MMFL’s first auditors and endorsed a shift from semi-annual to
quarterly dividend payments.
Chief Executive Officer, Mr. Shaibu Haruna said the separation will
sharpen MMFL’s focus on customer needs while accelerating investment in
innovation, security and service excellence.
He said MMFL’s new structure would enable the company to respond
more quickly to changing customer expectations and emerging opportunities in
Ghana’s digital financial services sector. “As an independent fintech company,
we are better positioned to accelerate innovation, strengthen security, improve
customer experience and develop solutions that meet the evolving needs of
Ghanaians”.
He added that MMFL posted strong first-quarter 2026 results,
generating about GH¢1.7 billion in revenue, a 28.4 per cent increase year on
year. He said the performance provides a strong base for continued investment
in customer-focused innovation, digital infrastructure and security.
MMFL’s structural separation took effect on March 31, 2026,
establishing the company as an independent fintech entity with its own
governance structures and shareholder engagement framework.
The company said the move supports its long-term vision to advance
financial inclusion, drive digital innovation and create sustainable value for
customers, shareholders and the broader economy.
