Audio By Carbonatix
Notice is hereby given pursuant to section 243(4)(b) of the Companies Act, 2019 (Act 992) that MML intends to undergo a reorganisation involving the statutory merger of MML (the current company through which MTN group operates its fintech business in Ghana) and MMF LTD (a new company through which MTN group will operate its fintech business in Ghana), under which MMF LTD will remain as the surviving entity and continue to operate the fintech business in Ghana (the Merger).
The Merger is being undertaken as part of the steps to satisfy a localisation requirement under the Payment Systems and Services Act, 2019 (Act 987), pursuant to which a company conducting mobile money business must have a minimum of 30% local equity participation to qualify for a licence to operate as a dedicated electronic money issuer.
The terms of the Merger have been set out in a merger agreement dated 31 October 2025, entered into between MML and MMF LTD, which also contains a merger proposal. The merger agreement is inclusive of the merger proposal, is referred to as the Merger Agreement.
Copies of the Merger Agreement are available at the registered office of each of MML and MMF LTD (as reflected below), for inspection by any shareholder or creditor of MML or MMF LTD or by any other person to whom MML or MMF LTD owes that obligation, during normal business hours (i.e. 8 am to 4 pm from Mondays to Fridays) from the date of this notice up to and including 1 December 2025.
Further, a shareholder or creditor of MML or MMF LTD or any other person to whom MML or MMF LTD owes an obligation to supply a copy of the Merger Agreement is entitled to be supplied, free of charge, with a copy of the Merger Agreement upon request to MML or MMF LTD.
All requests may be made physically at the reception of either MML or MMF LTD or by email to the following addresses:
MML
MobileMoney LTD
Standard Chartered Bank Building, Ring Road Central, Accra, Ghana
Email: customercare.gh@mtn.com
MMF LT
MobileMoney Fintech LTD
Standard Chartered Bank Building, Ring Road Central, Accra, Ghana
Email: MobileMoneyFintech.GH@mtn.com
Latest Stories
-
GPL 2025/26: John Antwi scores in Dreams’ hammering of Heart of Lions
12 minutes -
GOC, CSG unveil four-year strategic plan for sustainable sporting success
13 minutes -
Hollywood stars battle for trophies at Sunday’s Golden GlobesÂ
24 minutes -
No Ghana Card, no forex transaction —Government announces new measures in anti-money laundering drive
28 minutes -
Trump tells Cuba to ‘make a deal, before it is too late’
45 minutes -
Barcelona beat Real Madrid to retain Spanish Super Cup
52 minutes -
Sex schedules and curiosity: How I keep my relationship alive
1 hour -
I’m having second baby from the same donor – but I don’t know what he looks like
1 hour -
JoyNews’ Razak Musbau honored by Obuasi Cricket Academy
2 hours -
Akufo-Addo praises NPP election committee for transparent primary process
3 hours -
Tema NDC grassroots hail Mahama for securing a strategic partner for VALCO
3 hours -
GPL 2025/26: Kotoko frustration grows after stalemate Berekum Chelsea
3 hours -
GPL 2025/2026: Medeama thrash Young Apostles to widen gap at the top
4 hours -
GPL 2025/26: Stoppage-time goal earns Aduana FC victory over Karela
4 hours -
BoG issues AML/CFT/CPF agency banking guidelines for banks, others
6 hours
