MTN MobileMoney Fintech Limited (MMF) has reported revenue of approximately GHS1.7 billion for the first quarter of 2026, representing a 28.4 percent increase compared to the same period last year, as the company begins operations as an independent entity following its separation from MTN Ghana.
The strong financial performance has enabled the company to declare an interim dividend of 30 pesewas per share, which will be paid to shareholders on June 18, 2026.
The announcement was made at the company’s first Extraordinary General Meeting (EGM), where shareholders also approved key governance resolutions, including the appointment of directors and the confirmation of Ernst & Young (EY) as the company’s external auditor.
Chief Executive Officer Shaibu Haruna said the dividend declaration reflects the company’s robust first-quarter performance and signals its commitment to delivering value to shareholders.
According to him, the interim dividend differs from the company’s final dividend, which will be determined separately at the end of the financial year based on overall performance.
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Mr. Haruna explained that MMF’s separation from MTN Ghana at the end of March 2026 has led to changes in its dividend policy, allowing shareholders to receive returns more frequently through quarterly distributions.
He noted that investors holding shares in both MTN Ghana and MobileMoney Fintech will benefit from dividend payments declared by the two entities for the first quarter.
The CEO said the company remains focused on expanding innovation within Ghana’s mobile money ecosystem and delivering enhanced digital financial services to customers.
“We will continue to introduce innovative solutions and experiences that improve convenience and create value for customers across the ecosystem,” he said.
Mr. Haruna also highlighted the company’s commitment to combating digital fraud, which continues to pose challenges to the rapidly growing digital finance industry.
He said MMF is working closely with industry stakeholders and ecosystem partners to strengthen fraud prevention measures and improve public awareness on emerging cyber threats.
“We are working with our ecosystem actors to ensure that we collectively combat fraud. We recently released a white paper on digital fraud, reflecting how critical this issue is for us and the industry as a whole,” he stated.
The CEO added that the appointment of the new board members is intended to ensure continuity in governance and provide strategic oversight as the company pursues its next phase of growth.
Chief Finance Officer Antoinette Kwofie said the successful completion of the structural separation means MobileMoney Fintech now operates with its own shareholder structure independent of MTN Ghana.
She explained that the new arrangement provides a clearer governance framework and enables investors to assess the performance of the fintech business independently.
Mrs. Kwofie noted that the company applies a rigorous board evaluation framework to assess the performance of directors and external auditors, ensuring accountability and adherence to corporate governance standards.
She said EY was selected as the company’s external auditor because of its strong reputation and ability to provide value to both management and shareholders.
According to her, the EGM provided an important opportunity to engage shareholders and update them on the company’s progress since becoming an independent entity.
She expressed appreciation to investors for their support throughout the separation process and for their confidence in the company’s long-term growth prospects.
Shareholders approved six directors, subject to regulatory clearance from the Bank of Ghana.
The approved directors include Modupe Kadri, Serigne Dioum and Adekunle Benjamin Awobodu as Non-Executive Directors.
Antoinette Kwofie was also approved as a Non-Executive Director, while Susan Yawson received approval as a director. Bashirat Odunewu was approved as an Independent Non-Executive Director.
The appointments are expected to strengthen the company’s governance structure as it seeks to expand its position in Ghana’s fast-growing digital financial services market.
With strong revenue growth, a new dividend policy and continued investments in innovation and fraud prevention, MobileMoney Fintech has signalled its intention to build on its market leadership and deliver sustained value to customers and shareholders alike.
