Shareholders of Mobile Money Fintech Limited (MMFL) have approved a dividend of GHS 0.03 per share for the first quarter of 2026. This decision, made at an Extraordinary General Meeting (EGM) in Accra, aligns with the company's refined growth strategy and intensified efforts against digital fraud.
The approved dividend reflects the company's improved performance and a commitment to more frequent shareholder rewards. MMFL, which manages Ghana's largest mobile money platform, serves over 17 million registered subscribers. Shareholders will also receive an additional GHS 0.03 per share from MTN Ghana, bringing the total first-quarter payment to GHS 0.06 per share.
Ghana's digital financial services sector is experiencing rapid expansion, making MMFL a crucial player in the economy. The company's move to quarterly dividend payments from a semi-annual structure signals confidence in its ongoing financial health. This transition reflects broader trends in corporate governance aimed at increasing transparency and shareholder value.
Victoria Bright, Board Chair of Mobile Money Fintech Limited, confirmed the critical approvals needed for the company's continued operations. She stated that shareholders ratified the transition of directors from the former Mobile Money Limited to Mobile Money Fintech Limited. Shareholders also approved the appointment of Ernst & Young (EY) as the company's external auditors for the 2026 financial year.
These approvals come as Ghana’s digital financial services sector demands stronger governance and enhanced security measures. Shaibu Haruna, CEO of Mobile Money Fintech Limited, emphasized the company's dedication to delivering value and investing in innovation. He noted MMFL will continue to strengthen the digital payments ecosystem and protect customers from fraud. The company recently published a white paper titled 'Uniting Against Digital Fraud: Strengthening Ecosystem Collaboration in Ghana's Digital Financial Services Sector'.
The financial community will closely observe how MMFL's new quarterly dividend structure impacts investor sentiment and market valuation. The company's robust stance against digital fraud and continued investment in innovation are key factors for future growth. Decision-makers and market participants will monitor the wider implications for financial inclusion in Ghana, a critical government objective. The approved resolutions provide a clear path for MMFL's operational and financial stability in the coming year.