Momo Restructuring Protects Value And Paves Way For Future Listing – MMF Chairperson Assures Shareholders
Madam Victoria Bright, Chairperson of MobileMoney Fintech LTD (MMF), has assured shareholders that the ongoing restructuring of the Mobile Money (MoMo) business is aimed at protecting the value of their investments, while setting the stage for future growth and an eventual listing on the Ghana Stock Exchange (GSE). The restructuring is also aimed at addressing the requirement under Ghana’s Payment Systems and Services Act, 2019 (Act 987), for a minimum of 30 percent Ghanaian ownership for all dedicated electronic money issuers. Addressing shareholders and beneficiaries at the Extraordinary General Meeting (EGM) held virtually and in person on Monday, December 1, 2025 at the University of Professional Studies Auditorium, Accra, she explained that although MMF is a newly incorporated company, the business it will operate is not new as it is built on over a decade of innovation and impact through Mobile Money Limited (MML). She stated that MMF has two shareholders: MTN Dutch Holdings B.V. (representing the MTN Group interest) and the MTN Ghana Fintech Trust (the Trust), which holds the interests of all minority shareholders of Scancom PLC and preserves their rights, value, and ensures transparent representation until the MoMo business is listed on the GSE. MMF would thus provide the MoMo business the appropriate structure, focus, and enhanced governance that serves shareholders and beneficiaries better while creating long-term value for all stakeholders. With respect to shares and dividends, she explained that the shareholding of Scancom PLC would be mirrored in MMF. Madam Bright stressed that after listing, beneficiaries would hold their shares directly and separately in each of Scancom PLC and MMF and would continue to receive dividends from both companies. Until then, the voting rights of the beneficiaries in the MoMo business would be exercised through the Trust on their behalf, with the Trust voting as instructed by the beneficiaries. Dr. Ishmael Yamson, the Board Chairman of Scancom PLC, took his turn to address the attendees of the EGM and stated that “the MoMo business remains one of the strongest engines of growth, innovation and financial inclusion in our company and in Ghana. Localising it properly, thoughtfully and transparently is an investment in its future and in your future as shareholders.” He noted further that this structure would provide a clear path and time frame for the future listing of the MoMo business, which is expected within the next three to five years. Following the overwhelming approval of the beneficiaries and shareholders of MMF in favour of the merger of MMF and MML, Madam Bright informed attendees at the EGM that Scancom PLC will commence the necessary processes to bring finality to the merger. She noted that completion is subject to final regulatory approvals, including approval from the Bank of Ghana. Source: Apexnewsgh.com
Former Regional Minister Dr. Bin Salih Hafiz Bags Prestigious ADR Certification
In a significant milestone in his illustrious career, Dr. Bin Salih Hafiz, the former Upper East and West Regional Minister, has been conferred with a Professional Executive Master in Alternative Dispute Resolution (ADR) from the esteemed Institute of Paralegal Training and Leadership Studies, Accra. This achievement marks a new chapter in Dr. Hafiz’s journey, positioning him as a seasoned Professional Alternative Dispute Resolution Practitioner and a proud member of the Ghana National Association of ADR Practitioners (GNAAP). The graduation ceremony, which took place on Saturday, 29th November 2025, was a testament to Dr. Hafiz’s unwavering commitment to excellence in his field. His pursuit of this advanced degree underscores his passion for harnessing the power of ADR to foster harmony and resolve conflicts in a more efficient, cost-effective, and flexible manner. Speaking on his achievement, Dr. Hafiz expressed his enthusiasm for applying his newfound expertise to make a meaningful difference in society. “I am excited to apply my enhanced skills and knowledge in ADR to positively impact society,” he said, hinting at the vast potential of ADR in transforming dispute resolution processes. But what makes ADR so compelling? For starters, it offers a fast-track resolution through mediation and arbitration, saving time and resources that would otherwise be expended in traditional litigation. The customizable processes of ADR also allow for tailored solutions that cater to specific needs, ensuring confidentiality and protecting sensitive information and relationships. Moreover, ADR empowers parties to take control of the outcome, promoting mutually beneficial solutions that foster reconciliation. “It’s a game-changer,” Dr. Hafiz notes, highlighting the flexibility and efficiency of ADR in resolving disputes. As a seasoned practitioner, Dr. Hafiz is poised to leverage his skills to make a lasting impact in his community and beyond. His story serves as an inspiration to aspiring ADR professionals and a testament to the transformative power of Alternative Dispute Resolution in Ghana’s evolving legal landscape. With his new certification, Dr. Bin Salih Hafiz joins the ranks of distinguished ADR practitioners, ready to champion a more harmonious and efficient approach to conflict resolution. The possibilities are endless, and his journey is one to watch. Source: Apexnewsgh.com
OSP Rejects Martin Kpebu’s Claims of “Self-Investigation,” Describes Allegations as Misleading
The Office of the Special Prosecutor (OSP) has strongly refuted allegations made by private legal practitioner Martin Kpebu, who claimed the OSP was guilty of “investigating itself.” According to the OSP, these assertions fundamentally misrepresent the oversight mechanisms in place within public institutions. The controversy arose after Mr. Kpebu’s release from custody, when he suggested that the OSP’s internal probe was being conducted by lower-ranking staff, implying a lack of impartiality. In response, the OSP clarified that its investigative panels are composed of senior officers whose ranks are equivalent to Deputy Commissioners of Police. Sammy Darko, the Director of Strategy, Research and Communications at the OSP, emphasized that Mr. Kpebu’s statements were inaccurate and misleading. Highlighting standard practices across the public sector, the OSP explained that internal review panels are a norm and do not equate to an institution policing itself. “Just as police misconduct isn’t probed by the fire service, and GRA issues aren’t investigated by immigration officers, the same logic applies here,” the office stated. The OSP also accused Mr. Kpebu of deliberately hindering the investigation process, alleging that he had consistently refused to cooperate and introduced new demands even after his initial concerns were addressed. Despite these obstacles, the OSP asserted that its actions remain within the boundaries of the law and reiterated that no one is above lawful accountability. Source: Apexnewsgh.com