MTN Ghana to Present Its Plan for Localizing Its MobileMoney Service to Shareholders

MTN Ghana is getting ready to present its MobileMoney localization plan to its shareholders. The company recently sent out a notice to let everyone know about a special meeting coming up on May 21, 2025, at 11:00 GMT, in Accra International Conference Centre. Shareholders can attend in person or join online via live streaming at https://mtnghegm.com/, making it easy for everyone to be part of the discussion.

At this meeting, MTN Ghana will present its MobileMoney localization plan to shareholders. This plan is all about making sure that the company’s mobile money business, known as MobileMoney Limited (MML), follows the rules set by the government. The government wants companies that offer mobile money services to have at least 30% ownership by Ghanaians. This is called the localization requirement, and MTN Ghana is working hard to meet it.

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MTN Ghana’s plan to present MobileMoney localization plan is a big deal because mobile money is very popular in Ghana. Millions of people use it every day to send money, pay bills, and shop without needing a bank account. If MTN Ghana doesn’t follow the rules, there could be serious problems, like fines or even having to stop the service. That’s why the company is taking this process very seriously and making sure everything is done right.

The plan itself has two main parts. The first part was already finished last year, when MTN Ghana made sure that 30% of its main company was owned by Ghanaians. Now, the company is focusing on the second part: making sure the mobile money business also meets the 30% local ownership rule. To do this, MTN Ghana will create a new company to run the mobile money service. This new company will have a special trust set up to hold shares for minority shareholders, protecting their interests.

After the new company is set up, all the mobile money business, including staff and assets, will move over to it. The ownership will be split so that MTN Group owns about 68%, and the trust for minority shareholders owns about 32%. This way, the company meets the government’s requirements and keeps its shareholders happy.

The MTN Ghana MobileMoney localization plan also includes a long-term goal: the company hopes to list the new mobile money company on the Ghana Stock Exchange in the next few years. This would give shareholders the chance to buy and sell shares in the mobile money business, just like they can with other companies on the stock exchange.

MTN Ghana has also made sure that all the legal and tax details are taken care of. The company says the changes won’t cost shareholders anything extra, and the whole process should be smooth and fair for everyone involved.

The upcoming meeting is just for information, so shareholders can ask questions and learn more about the plan. If you’re a shareholder and want to find out more, you can read the full notice on MTN Ghana’s website or pick up a copy at the company’s office.

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All in all, MTN Ghana’s plan to present MobileMoney localization plan to shareholders is an important step for the company and its customers. It shows that MTN Ghana is committed to following the rules and keeping its mobile money service running smoothly for the people of Ghana.

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