MTN Ghana has called shareholders of its newly incorporated MobileMoney Fintech Limited to an extraordinary general meeting on December 1, 2025, to vote on a merger that will complete the telecommunications giant’s compliance with Ghana’s financial services localisation requirements.
The meeting, scheduled for 11:00 AM at the University of Professional Studies Accra auditorium and streamed live online, will determine whether MobileMoney Limited merges with MobileMoney Fintech Limited. Shareholders must approve the transaction with a majority in number representing at least 75 percent in value for the merger to proceed.
MobileMoney Fintech Limited was incorporated on October 16, 2025, specifically to serve as the new operating entity for MTN’s mobile money business in Ghana. Under the proposed merger, all assets, liabilities and consenting employees of MobileMoney Limited will transfer to the new company. MobileMoney Limited will subsequently dissolve without formal liquidation proceedings.
The restructuring responds directly to Ghana’s Payment Systems and Services Act of 2019, which requires dedicated electronic money issuers to maintain at least 30 percent Ghanaian ownership. The Bank of Ghana issued a directive on May 12, 2025, requiring MobileMoney Limited to satisfy this localisation requirement by December 31, 2025, or face significant regulatory consequences including potential business shutdown.
Read more: https://www.newsghana.com.gh/mtn-ghana-schedules-critical-shareholder-vote-on-mobile-money-merger/
