By Juliet ETEFE
MobileMoney Fintech Limited (MMF) has declared its maiden quarterly dividend of 3 pesewas per share for first quarter-2026, following a strong financial performance and the company’s recent separation from MTN Ghana.
The dividend was approved by shareholders at the company’s Extraordinary General Meeting (EGM) on Friday, the first shareholder meeting held since MMF became an independent entity on March 31, 2026.
Chairperson of MMF Victoria Bright described the meeting as a significant milestone in the company’s evolution, noting that shareholders approved key resolutions to support the company’s operations as a standalone business.
These included the transition of directors from Mobile Money Limited to MMF, appointment of auditors and adoption of a new quarterly dividend payment structure.
“We used to pay dividends on a half-yearly basis, but we are now doing it on a quarterly basis,” she said.
Ms. Bright further noted that MTN Ghana has also separately declared a dividend of 3 pesewas per share, bringing the combined first-quarter payout for shareholders of both companies to 6 pesewas per share.
Providing details on the company’s performance, Chief Executive Officer Shaibu Haruna said mobile money revenue reached approximately GH¢1.7billion in the first quarter, representing a 28.4 percent year-on-year increase.
According to him, the strong revenue growth translated into higher profitability and supported the dividend payment to shareholders.
“This is an interim dividend and a reflection of the company’s performance in the first quarter,” he said.
Looking ahead, Mr. Haruna said MMF will continue investing in innovation and strengthening partnerships across the mobile money ecosystem to improve customer experience.
He added that combatting digital fraud remains a key priority for the company, stressing that MMF will continue collaborating with industry stakeholders to address the growing threat.
According to him, the company’s recently published white paper on digital fraud reflects its commitment to safeguarding customers and promoting trust within Ghana’s digital financial ecosystem.
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