MTN Ghana dismisses Clydestone suit, says MoMo services unaffected
MTN Ghana has dismissed allegations by Clydestone Ghana Plc that it used intellectual property without authorisation in the development of mobile money services, describing the claims as without merit and vowing to vigorously defend itself in court.
The telecommunications company said it has not made any financial provision for the lawsuit after reviewing the allegations and the information currently available.
The response follows a writ of summons and statement of claim filed by Clydestone against MTN Ghana, MTN Group Limited and Mobile Money Fintech Limited at the Commercial Division of the High Court.
Clydestone claims that work it was contracted to undertake in 2007, including the development of a commercial and operational framework for a mobile money business, was later used without its permission or compensation.
The Ghana Stock Exchange-listed technology firm is seeking court declarations, damages and other equitable remedies over what it says is proprietary intellectual property, confidential business information and operational methods developed during its engagement.
Speaking to investors during an earnings webcast, MTN Ghana Chief Executive Officer Stephen Blewett confirmed that the company had received the court documents and intended to challenge the claims.
Blewett said the case relates to Clydestone’s alleged involvement in the introduction of mobile money services in Ghana and concerns events dating back nearly two decades.
He said MTN Ghana had assessed the matter but rejected the allegations.
According to him, the company considers the claims unfounded and will fully contest the legal proceedings.
Blewett also disclosed that MTN Ghana has not recognised any financial liability in connection with the lawsuit.
He explained that, based on the company’s assessment and the information available to it, no financial provision has been made for the claim.
Although he declined to comment on the substantive issues before the court, Blewett assured customers, investors and other stakeholders that the lawsuit would not disrupt MTN Ghana’s operations or mobile money services.
He said the proceedings would have no impact on the company’s operations, services, financial performance or results, including mobile money services operated through Mobile Money FinTech Limited.
Clydestone, meanwhile, maintains that it was forced to take legal action after years of unsuccessful attempts to obtain recognition and compensation for work it says it carried out from December 2007.
The company said correspondence sent to the relevant parties before the lawsuit was filed in 2026 failed to produce a substantive response, leading its board to unanimously approve the commencement of legal proceedings.
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