MTN Ghana shareholders will meet at an Extraordinary Annual General Meeting (EGM) on May 21, 2025, to discuss the localisation of Mobile Money Limited (MML) under Ghana’s regulatory framework. The meeting will focus on the transfer of MML’s operations to a new entity, provisionally called New FinCo, to meet the 30% Ghanaian ownership requirement under the Payment Systems and Services Act.
No resolutions will be passed at the meeting. This move is part of a two-phase approach to ensure compliance with the Act before the June 2025 deadline, avoiding potential legal and commercial risks. Phase one, completed in September 2024, saw Scancom PLC achieving the 30% localisation requirement.
