MTN Ghana is set to hold an Extraordinary General Meeting (EGM) to update shareholders’ on steps being taken to achieve the mandatory 30% localization its fintech wing, MobileMoney Limited.
The meeting, which will be held both in-person at the Accra International Conference Centre and virtually by streaming live on https://mtnghegm.com/, is slated for Wednesday, May 21, 2025 at 11h00 GMT.
In compliance with the Payment Systems and Services Act, 2019 (Act 987), all electronic money issuers (EMI), otherwise known as mobile money operators, are required to be at least 30% locally owned. All EMIs in country have met the threshold except MML.
For that reason, MML, which is the overwhelming industry market leader, has been operating under a special regulatory approval regime for all this years, but without a substantive license.
This EGM is therefore to inform shareholders how far the company has gone with steps towards the localization in order to obtain a full license.
A statement from MTN said the EGM is for only informational purposes and no resolutions will be passed at this meeting, adding a circular has been prepared to provide information to shareholders regarding the MML localisation, and this circular can be accessed at https://mtnghegm.com/.
“For shareholders attending in person, registration will begin at 10:00 AM. Shareholders who wish to participate virtually can join via https://mtnghegm.com/. Participation through the virtual link will be free for all shareholders on MTN’s network joining in Ghana. Any shareholder on MTN’s network joining in Ghana who unintentionally incurs charges will be reimbursed,” it said.
Alternatively, shareholders without smartphones may participate in the EGM by dialing +233244300025, entering the access code 8000, or entering the conference PIN 056789.
A unique token number will be sent to shareholders by email and/or SMS to grant access to the meeting. Shareholders who do not receive this token may contact info@csd.com.gh or call +233 (0) 54 5823198, +233 (0) 54 582 2865 or +233 (0) 54 582 2920 before the date of the EGM to be sent the unique token.
A shareholder may appoint a proxy to attend instead of him/her. A proxy need not be a shareholder. A copy of the Proxy Form may be downloaded from https://mtnghegm.com/ and may be completed, signed and sent via email only to info@csd.com.gh as soon as possible and in any event not less than 24 hours before the time appointed for the meeting.
For further information about the EGM, shareholders may contact info@csd.com.gh or call 0302 906 576 or 0303 972 254.
Shareholders are reminded to bring their Ghana Card for identification.
Â
