The separation of MTN Ghana’s mobile money business is a significant development in the fintech landscape of Ghana. This move, completed on March 31, 2026, is part of MTN’s broader strategy to enhance its fintech operations while adhering to regulatory requirements.
MobileMoney Fintech LTD now operates the mobile money service, having merged with MobileMoney Ltd as part of the transition. This structural separation is designed to comply with the Payment Systems and Services Act, 2019 (Act 987), which emphasizes the need for localization in financial services.
Stephen Blewett, CEO of MTN Ghana, remarked, “This milestone reflects our commitment to driving innovation, strengthening digital infrastructure and delivering services that improve the lives of our customers.” His statement underscores the company’s focus on enhancing customer experience through improved digital services.
Following the separation, MTN Ghana’s shareholding structure remains unchanged, and no new shares were issued during the transaction. The ownership of MobileMoney Fintech LTD is held by MTN Dutch Holdings B.V. and the MTN Ghana Fintech Trust.
In terms of performance, MTN Ghana reported mobile money revenue of GH¢6 billion for the year ending December 31, 2025, marking a 35.7% increase year-on-year. Additionally, the number of active users rose by 12.3% to reach 19.3 million, indicating a growing adoption of mobile financial services in the country.
MTN MoMo, the mobile money service, generated $549.15 million in revenue from Ghana in 2025, contributing to a significant rise in MTN Group’s fintech transaction volume, which increased by nearly 40% to $500.3 billion.
Shaibu Haruna, CEO of MobileMoney Fintech LTD, expressed optimism about the future, stating, “The transition marks a new chapter in our mission to deepen financial inclusion and deliver secure, customer-focused digital financial services.” This sentiment reflects the potential for enhanced financial services in Ghana following the separation.
As the fintech sector continues to evolve, observers anticipate that this separation will foster increased competition and innovation in the market, ultimately benefiting consumers.
Details remain unconfirmed regarding any further developments following this separation, but the initial reactions from both MTN Ghana and MobileMoney Fintech LTD suggest a positive outlook for the future of mobile financial services in Ghana.
