MTN MobileMoney Fintech Limited (MMF) announced GHS1.7 billion in revenue for the first quarter of 2026. This figure represents a significant year-on-year growth of 28.4%.
Following this strong financial performance, MMF declared an interim dividend of 30 pesewas per share. Shareholders will receive this payment on June 18. This dividend reflects the company's robust start to the financial year.
This development comes after MMF's definitive split from MTN Ghana at the end of March 2026. The separation creates two distinct entities with their own shareholders. This move aligns with broader trends in Ghana's financial sector, where digital payment platforms are increasingly becoming independent and publicly accountable. Such robust revenue growth and dividend declarations can attract more investment into Ghana's burgeoning fintech market, fostering competition and innovation.
Mr. Shaibu Haruna, Chief Executive Officer of MMF, stated that this June payment is separate from the full-year dividend. The company will determine and pay the full-year dividend later. He highlighted a shift in MMF’s dividend policy. This change aims to give investors more frequent insights into returns after the company's separation from MTN Ghana. Combined with a similar dividend from MTN Ghana, shareholders in both entities will receive a total of six pesewas per share for the first quarter.
The declaration of an interim dividend signals confidence in MMF's financial stability and future prospects. Investors will closely watch how this new dividend policy affects market perception and share value. This move could encourage more companies in Ghana to adopt similar frequent payout structures, enhancing shareholder value. The company's ongoing focus on innovation within Ghana’s mobile money sector and its commitment to fighting fraud will also shape its trajectory. These factors are crucial for sustaining growth and investor trust in the rapidly evolving digital finance landscape.
At a recent extraordinary general meeting, shareholders also approved MMF's directors and the appointment of Ernst & Young (EY) as its external auditor. Mrs. Antoinette Kwofie, Chief Finance Officer of MMF, explained that EY was chosen for its ability to deliver value to both management and shareholders. The company applied a standard evaluation methodology at the board level to assess performance, ensuring accountability. The approved directors, pending Bank of Ghana clearance, include Modupe Kadri, Mr. Serigne Dioum, Mr. Adekunle Benjamin Awobodu, Mrs. Antoinette Kwofie, Ms. Susan Yawson, and Mrs. Bashirat Odunewu as an Independent Non-Executive Director.
The company also noted its commitment to combating fraud within the digital finance ecosystem. Mr. Haruna stated MMF is working with ecosystem actors to fight digital fraud. He mentioned a recently released white paper on digital fraud. This reflects the company’s view on the criticality of this issue for the industry.