MTN Ghana has mounted a robust legal defence against a high-stakes intellectual property lawsuit filed by local technology firm Clydestone Ghana PLC, firmly rejecting allegations that it misappropriated proprietary systems underpinning the country’s pioneering mobile money services.
In a formal regulatory filing submitted to the Ghana Stock Exchange (GSE) on Thursday, July 30, 2026, Scancom PLC (MTN Ghana) confirmed it had been served with a writ of summons and statement of claim.
The legal action, lodged by Clydestone on July 27 in the Commercial Division of the High Court in Accra, also names MTN Group Limited and MobileMoney Fintech LTD as co-defendants.
The dispute centres on Clydestone’s assertion that it was contracted in 2007 to develop the foundational commercial and operational blueprint for what would become MTN’s Mobile Money platform, a collaboration Clydestone claims has been unlawfully exploited nearly two decades later.
MTN Ghana, however, dismissed the allegations as baseless.
“MTN Ghana does not accept the claims made, considers them without merit, and will contest the proceedings fully,” the company stated, signalling an aggressive legal counteroffensive.
The telecommunications giant emphasised that it would refrain from litigating the substantive details through the media, noting it will reserve its full arguments for the courtroom.
Crucially, the company moved to allay investor and customer concerns, asserting that the legal proceedings pose no immediate threat to its operations, financial performance, or the continuity of its widely used Mobile Money services.
“MTN Ghana will continue to comply with all applicable disclosure obligations and will notify shareholders and the market of any material developments in accordance with the Listing Rules,” the filing added, underscoring its commitment to transparency with the bourse.
The announcement was signed by Stephen Blewett, Chief Executive Officer of Scancom PLC.
Clydestone, a Ghanaian-listed technology firm, is seeking a raft of legal remedies, including declaratory judgments, substantial damages, equitable relief, and further orders deemed fit by the court.
The case revives a long-dormant industry narrative regarding the genesis of Ghana’s mobile money ecosystem, now a multi-billion-cedi cornerstone of the nation’s digital economy.
Investors and industry watchers are now closely monitoring the case as it enters preliminary hearings, with any court-ordered remedies potentially carrying significant financial and operational implications for the mobile money sector.
