MTN MoMo just posted GHS1.7 billion in revenue for the first three months of 2026 and declared a three pesewas per share dividend to shareholders. For you as a MoMo user, this tells you something important: mobile money is Ghana’s most profitable digital service — and that could mean investment in better security and app features, but likely also continued pressure to keep fees steady or high.
The company announced the numbers at a shareholder meeting on Friday and will pay out the dividend on June 18. This is GHS 1.7 billion in just three months.
What grew this fast?
MoMo revenue jumped 28.4 percent year-on-year. That’s faster than inflation and faster than most other businesses in Ghana. Mobile money — sending money via phone, paying bills, buying airtime — is now the money-moving engine of Ghana’s digital economy.
Here’s the context: MTN split MoMo into its own separate company at the end of March 2026. Before that, it was just one arm of MTN Ghana. Now MMF (MTN MobileMoney Fintech Limited) is independent, with its own shareholders, board, and dividend policy.
Why does this matter to you?
Three reasons:
- Service will likely stay stable or improve. When a fintech company is this profitable, it usually reinvests in fraud prevention, faster transactions, and app reliability. CEO Shaibu Haruna said they recently released a white paper on fighting digital fraud — that’s the kind of thing strong profits fund.
- Fees probably won’t drop soon. High profitability also means the company has no reason to cut transaction costs. If you send GHS 100 via MoMo, expect those fees to stay where they are or inch upward.
- Competition could push back. Rivals like Vodafone Cash, Airtel Money, and fintech startups see these numbers too. One of them might undercut MoMo’s fees to grab market share. Watch that space.
The company also hired Ernst & Young as its official auditor and appointed six new board directors, a governance move that signals they’re getting serious about transparency and accountability as an independent entity.
What you should watch
Keep an eye on MoMo’s user base numbers (how many active customers) in the next quarterly report. Revenue growth is one thing; user growth is another. If MoMo is making more money but not adding new users, it means they’re charging each user more or existing users are transacting more — either way, expect pressure on your wallet at transaction time.
Also watch whether the promised fraud-prevention efforts actually show up in your app experience (better alerts, tighter verification) over the next three to six months.
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