MTN Ghana has initiated a major restructuring move, officially merging its two mobile money entities—MobileMoney Ltd (MML) and MobileMoney Fintech Ltd (MMF Ltd)

As part of efforts to meet Ghana’s regulatory requirements for local equity participation in the mobile money sector.

The announcement, issued in line with Section 243(4)(b) of the Companies Act, 2019 (Act 992), confirms that MobileMoney Fintech Ltd will be the surviving entity after the consolidation. Once the process is complete, MMF Ltd will serve as the sole licensed operator for MTN’s mobile money and digital financial services in the country.

This restructuring is driven by MTN’s commitment to comply with the Payment Systems and Services Act, 2019 (Act 987). The law requires that all Electronic Money Issuers (EMIs) operating in Ghana must have at least 30% local ownership to secure or maintain their licence. As mobile money continues to play a critical role in Ghana’s financial inclusion agenda and digital payment ecosystem, regulators have emphasized the need for stronger Ghanaian participation and oversight in the fast-growing industry.

The merger also marks a step toward strengthening operational efficiency within MTN’s fintech ecosystem. Consolidating the two entities is expected to streamline processes, enhance compliance structures, and improve transparency, aligning with sector-wide regulatory objectives.