MobileMoney Fintech LTD (MMFL) invites all shareholders to its Extraordinary General Meeting (EGM), scheduled for Friday, June 12, 2026, at 11:00 AM. The meeting will be held virtually via https://momofintechegm.com/. The agenda for the EGM is as follows: Proposed Business To approve the appointment of the following as Directors of the Company, subject to Bank […]
Telecommunications giant MTN Ghana has announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, set to take effect from June 1, 2026. In a text message sent to customers on Monday, MTN said transfers from MoMo wallets to bank accounts will now attract a fee of 0.75 percent per transaction, capped […]
Mobile money transactions in Ghana reached a total value of GH¢493.2 billion in April 2026, involving 967 million transactions, according to the Bank of Ghana’s latest Summary of Economic and Financial Data for May 2026. The figures show continued expansion in the country’s digital payments sector, rising from GH¢484.6 billion recorded in March 2026, reflecting […]
Mobile money transactions in Ghana reached GH¢354.1 billion in August 2025, according to the Bank of Ghana’s latest Summary of Economic and Financial Data. The figure, though marginally lower than the GH¢355.4 billion recorded in July, reflects the sustained dominance of mobile payments in Ghana’s financial sector. Data from the central bank showed that the […]
Nigerians are expressing outrage over a big jump in the price of mobile data charged by some of the country’s major phone networks. MTN – Nigeria’s largest operator – trebled the cost of one of its most popular weekly offers. Airtel has also increased its tariffs. A price jump was expected as the telecoms regulatory […]
Despite a challenging economic environment in Ghana marked by high inflation and currency depreciation, Scancom PLC, known as MTN Ghana, reported a successful year in 2023. The company announced a profit of GH¢3.98 billion cedis and declared a dividend of GH¢0.175 per share in its audited 2023 Financial Report released yesterday. The company’s share price […]
In an engaging event held today at MTN House in Accra titled “Time with Selorm,” the outgoing Chief Executive Officer of MTN Ghana, Selorm Adadevoh, shared insights on the company’s approach to remote work and its impact on staff motivation. During the event, Mr. Adadevoh discussed the hybrid work system that was implemented groupwide during […]
The Network of Communication Reporters (NCR) has congratulated Adwoa Afriyie Wiafe on her appointment as the new Chief Corporate Services and Sustainability Officer (CCSSO) of MTN Ghana, the telecoms market leader. Adwoa joins MTN from the Ghana National Petroleum Corporation (GNPC), where she was a member of the Executive team, with overall responsibility for Legal […]
The declaration of MTN Ghana as a Significant Market Power (SMP) in the country’s telecommunications sector has resulted in an asymmetric savings of GH¢86.6 million for the smaller Mobile Network Operators (MNOs) in the last two years. The SMP was meant, among many other things, to set a level playing field and limit the ability […]
The total value of Mobile Money transactions in the first two months of 2023 hit ¢264.1 billion, about 72.6% growth year-on-year. This significant growth shows that Mobile Money transactions is hitting record highs despite the Electronic Transaction Levy (E-Levy). In the first two months of 2022, total Mobile Money Transactions stood at 153 billion According […]
The South African government has urged mobile operator MTN Group and the Ghana Revenue Authority to work closely to resolve a GH¢8,209,603,842.14 (US$773 million) tax dispute. South Africa’s Minister of International Relations and Cooperation, Dr Naledi Pandor last Friday encouraged MTN to work closely with the authorities in Ghana to devise a solution. A media statement issued by […]
President Nana Addo Dankwa Akufo-Addo has called on African nations to collaborate and institute stringent measures to stem the disturbing annual illicit outflows of $88 billion from the continent. He said stern attention was required to arrest the situation immediately because the phenomenon was depriving Africa of significant resources that could be used to support […]
