MTN is pushing a major restructuring of its mobile money operations in Ghana, and has announced plans to merge its existing fintech vehicle, MobileMoney Limited (MML), with a newly created entity, MMF LTD, as part of efforts to meet Ghana’s localisation laws for electronic money issuers.
In a formal notice issued under Section 243(4)(b) of the Companies Act, 2019 (Act 992), the company said MML will be absorbed into MMF LTD, which will remain as the surviving entity and continue to operate MTN’s fintech business in the country.
According to the notice, the move is one of the steps MTN is taking to comply with the Payment Systems and Services Act, 2019 (Act 987), which requires companies running mobile money operations to have at least 30% local equity participation to qualify for a dedicated electronic money issuer licence.
The full terms of the restructuring are captured in a merger agreement dated 31 October 2025, jointly executed by MML and MMF LTD. The document, which includes the merger proposal, outlines the statutory processes leading to the consolidation of the two entities.
MTN said copies of the Merger Agreement have been made available at the registered offices of both companies.
Shareholders, creditors, and any other persons legally entitled may inspect the documents during regular working hours — 8:00 am to 4:00 pm, Monday to Friday — from the date of the notice until December 1, 2025.
In addition, any eligible stakeholder may request a free copy of the Merger Agreement either by visiting the reception of MML or MMF LTD or by sending an email to the designated company addresses.
The merger, once completed, will formally place MTN’s Ghana mobile money operations under the restructured MMF Ltd as the company moves to align with regulatory requirements for long-term licensing.
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