A typical MTN Mobile Money (MoMO) Agent shop in Ghana
Leading Ghanaian mobile money in Ghana, MTN MobileMoney Fintech Limited (MMF) has declared revenue of approximately GH¢1.7 billion for the first quarter of 2026, representing year-on-year growth of 28.4 per cent.
A statement issued in Accra and made available to Business Hilights.ng Ghana Bureau said the company 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.
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.
Haruna further added that “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.
