By Dennis Peprah, GNA
Sunyani, (Bono), June 20, GNA – MobileMoney Fintech LTD (MMFL) says its recent structural separation from Scancom PLC will enable the company to deliver faster innovation, stronger security and greater value to customers.
The company said in a statement issued on the sidelines of its Extraordinary General Meeting (EGM) held in Accra that it had strengthened its position as a leading fintech business in Ghana.
It added that 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.
According to the company, 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.
A copy of the statement signed by Paapa Osei, the Head, Legal and Reputation Management, MMFL was made available to the Ghana News Agency (GNA) in Sunyani.
The statemen quoted Ms. Victoria Bright, the Chairperson of the MMFL describing 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 and creates the opportunity to strengthen governance, improve efficiency and accelerate initiatives that deliver meaningful value to customers while supporting long-term sustainable growth,” she stated.
Ms. Bright explained that 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.
The resolution included the transition of directors into the new entity, the appointment of auditors and dividend-related resolutions.
Ms. Bright said shareholders also approved the appointment of Ernst and Young as MMFL’s first auditors and endorsed a shift from semi-annual to quarterly dividend payments.
Mr. Shaibu Haruna, the Chief Executive Officer (CEO) of the MMFL, also said that the separation would sharpen MMFL’s focus on customer needs while accelerating investment in innovation, security and service excellence.
He said the 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,” the MMFL CEO said
Mr. Haruna added that MMFL posted strong first-quarter 2026 results, generating about GH¢1.7 billion in revenue, a 28.4 percent increase year on year.
He said the performance provides a strong base for continued investment in customer-focused innovation, digital infrastructure and security.
GNA
Edited by Benjamin Mensah
Reporter: Dennis Peprah
[email protected]