Shareholders of MobileMoney Fintech Limited have considered and approved key governance and shareholder-return measures at an Extraordinary General Meeting (EGM) held on Friday, June 12, 2026, following the company’s recent restructuring and merger.
A major item on the agenda was the ratification of the appointment of six directors to the Board of the newly merged entity, subject to approval by the Bank of Ghana. The appointments are intended to ensure continuity in leadership and strengthen corporate governance following the merger of MobileMoney Limited and MobileMoney Fintech Limited on March 31, 2026.
The directors appointed to the Board are Modupe Kadri, Serigne Dioum, Adekunle Benjamin Awobodu and Antoinette Kwofie as Non-Executive Directors; Susan Yawson as Executive Director; and Bashirat Odunewu as Independent Non-Executive Director.
Shareholders also considered dividend-related resolutions aimed at enhancing returns to investors. The Board recommended a dividend payment of GH¢0.03 per share for the first quarter ended March 31, 2026, which shareholders were asked to approve. The proposed payout marks the first quarterly dividend under the merged MobileMoney Fintech structure.
In a move designed to facilitate more regular dividend distributions, shareholders were further requested to authorise the ‘Board’ to declare and pay dividends for the second and third quarters of the 2026 financial year without the need to convene separate shareholder meetings for each payment.
Another key resolution before the meeting was the ratification of the appointment of Ernst & Young (EY) as the company’s external auditor for the 2026 financial year. Shareholders were also asked to authorise the ‘Board’ to determine the auditor’s remuneration.
The EGM follows the successful completion of the merger between MobileMoney Limited and MobileMoney Fintech Limited, a restructuring undertaken to comply with Ghana’s mobile money localisation requirements under the Payment Systems and Services Act.
The merger has positioned MobileMoney Fintech Limited as the dedicated electronic money issuer for MTN’s mobile money business in Ghana, creating a streamlined structure intended to support regulatory compliance, strengthen governance and enhance operational efficiency.
Industry observers view the resolutions considered at the EGM as important steps in consolidating the company’s post-merger operations while maintaining investor confidence through regular dividend payments and robust corporate oversight.
