By Francis Ntow, GNA
Accra, June 14, GNA – MTN MobileMoney Fintech Limited (MMF) has declared revenue of approximately GHS1.7 billion for the first quarter of 2026, representing year-on-year growth of 28.4 per cent.
On the back of that performance, the company has declared an interim dividend of 30 pesewas per share, payable to shareholders on June 18, in what management described as a direct reflection of the company’s strong first-quarter financials.
At the company’s maiden extraordinary general meeting held with shareholders on Friday, which announced per dividend payment, shareholders also approved directors of MMF and the appointment of Ernst & Young (EY) as its external auditor.
Mr Shaibu Haruna, Chief Executive Officer (CEO) of MMMF, explained that the June payment would be different from the full-year dividend, to be determined and paid out separately at year-end.
Responding to a question posed by the Ghana News Agency, Mr Haruna noted a shift in the company’s dividend policy, following its split from MTN Ghana at the end of March 2026, a move aimed at giving investors more frequent visibility into returns.
“Combined with a similar dividend declared by MTN Ghana for the same period, shareholders holding stakes in both entities are set to receive a total payout equivalent to six pesewas per share across the two companies for the first quarter alone,” he said.
The CEO indicated the company’s ongoing focus on innovation within Ghana’s mobile money ecosystem, promising that their services would provide numerous exciting experiences for its customers.
In the wake of digital finance and its associated risks, Mr Haruna noted the company’s commitment to fighting fraud and safeguarding customers money, through intensified public education and sensitisation.
“We are working with our ecosystem actors to ensure that we collectively work to combat it. We recently released of a white paper on digital fraud and it’s a reflection of our thought in terms of how critical this issue is for us and indeed for the industry at large,” he said.
On the appointment of the new directors, the CEO said the decision was to ensure continuity in terms of understanding of the company’s business and its future direction on growth.
Mrs Antoinette Kwofie, the Chief Finance Officer of MMF, explained that with the separation of the company achieved at the end of March 2026, they would now have their own shareholders, while MTN Ghana continued to have its own shareholder business.
On governance, she noted that a standard evaluation methodology was applied at the board level to assess the performance of both company directors and external auditor, a mechanism consistently applied over the years to maintain accountability.
She also said EY was chosen specifically for its ability to deliver value to both management and shareholders, citing the firm’s reputation as one of the top audit practices in the market.
Mrs Kwofie expressed appreciation to shareholders for their continued support during the transition period, framing the meeting as an opportunity to bring shareholders together around the company’s new structure and its strong start to the financial year.
The six individuals who were approved by shareholders, subject to Bank of Ghana clearance, were: Modupe Kadri, a Non-Executive Director, just as Mr Serigne Dioum and Mr Adekunle Benjamin Awobodu.
Mrs Antoinette Kwofie got approval as a Non-Executive Director, likewise Ms Susan Yawson, while Mrs Bashirat Odunewu got approval as an Independent Non-Executive Director.
GNA
Edited by Agnes Boye-Doe
Reporter: Francis Ntow
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