MTN MobileMoney Fintech Limited (MMF) announced revenue of GHS 1.7 billion for the first quarter of 2026. This figure represents a significant 28.4% increase compared to the same period last year. The company's strong financial performance led to the declaration of an interim dividend of 30 pesewas per share for its shareholders.
This interim dividend will be paid on June 18. This payment directly reflects the company's robust financial results for the first three months of 2026. The dividend decision followed an extraordinary general meeting where shareholders also approved new directors for MMF and appointed Ernst & Young (EY) as its external auditor.
This development comes after MMF’s split from MTN Ghana at the end of March 2026. This separation allows MMF to manage its own financials and dividend policy independently. This move aims to provide investors with more frequent updates on their returns, enhancing transparency. The mobile money sector continues to be a vital part of Ghana's digital economy, driving financial inclusion across various segments of the population.
Mr. Shaibu Haruna, Chief Executive Officer of MMF, stated this interim payment is separate from the full-year dividend. The final dividend will be decided and paid out at the end of the year. He highlighted the commitment to fighting fraud and protecting customers’ funds in the digital finance space. Mr. Haruna mentioned the company recently released a white paper on digital fraud, underscoring its importance to the industry.
The shift in MMF's dividend policy follows its formal separation from MTN Ghana. Shareholders holding stakes in both entities will receive a total payout of six pesewas per share for the first quarter. This combined payout occurs across both companies. This new structure provides greater clarity on each entity's financial health.
The mobile money market in Ghana has seen rapid growth. Data from the Bank of Ghana shows a consistent increase in mobile money transactions and subscriber numbers over the past five years. This trend highlights the increasing reliance on digital payment platforms. MMF's robust performance demonstrates the continued expansion and profitability within this sector.
Mrs. Antoinette Kwofie, MMF's Chief Finance Officer, explained the company now has its own shareholders. MTN Ghana continues to operate with its own shareholder base. She noted the consistent application of a standard evaluation methodology at the board level. This mechanism assesses the performance of company directors and the external auditor. EY was chosen for its ability to deliver value to management and shareholders.
Shareholders approved six individuals for the board, pending Bank of Ghana clearance. These include Modupe Kadri, Serigne Dioum, and Adekunle Benjamin Awobodu as Non-Executive Directors. Mrs. Antoinette Kwofie and Ms. Susan Yawson also gained approval as Non-Executive Directors. Mrs. Bashirat Odunewu was approved as an Independent Non-Executive Director.
Going forward, investors will closely watch MMF's ongoing financial disclosures. The success of its independent operations will provide a benchmark for other financial technology firms. This performance can also influence future investment decisions in Ghana's dynamic digital finance landscape. Continued focus on innovation and security will be key for sustained growth.