Separation from MTN Ghana won’t affect MoMo services — MobileMoney Fintech CEO

The Chief Executive Officer of Mobile Money Fintech Limited (MoMo), Shaibu Haruna, has assured customers that there will be no disruption to services following the company’s transition into a standalone fintech entity.

He said the separation from its parent company, MTN Ghana, is in line with regulatory requirements and will not affect how customers access mobile money services.

Speaking on the Citi Breakfast Show on Monday, April 20, 2026, Mr Haruna explained that the move was necessitated by Ghana’s financial regulations.

“We became a standalone entity because it was necessary due to the regulations of the country. The Payment Systems and Services Act requires that we operate as a separate company and be regulated by the Bank of Ghana,” he said.

He noted that the transition has been in progress for the past five years and involved significant structural changes to meet regulatory standards.

Mr Haruna said beyond compliance, the shift will position the company to expand its services and form strategic partnerships.

“Beyond the regulation, we also want a system that will allow us to go beyond a wallet service. This means we will be able to scale up quickly and form strategic partnerships to bring more value to Ghanaians,” he said.

He reassured customers that their experience would remain unchanged despite the restructuring.

“Our customers will not experience any change in the way we serve them. They will continue to access our services through the MTN distribution network. From their perspective, the only change will be the level of innovation that we will deliver,” he added.

Shaibu Haruna also disclosed plans to list the mobile money business on the local stock exchange in the coming years.

“We have also made a commitment to our shareholders that within the next three to five years, we will list MoMo on the local stock market to allow Ghanaians to buy shares in the business,” he said.

CitiNewsRoom