In a groundbreaking milestone for Ghana’s financial sector, mobile money transactions have surged to an all-time high of GH₵365 billion in April 2025, according to the latest report from the Bank of Ghana. This remarkable figure marks a 3.8 per cent increase from the previous month, underlining the rapid growth and expanding reach of the country’s mobile money ecosystem.
The rise of mobile money transactions in Ghana can be attributed to a combination of structural trends and recent policy changes, most notably the repeal of the Electronic Transfer Levy (E-Levy) by Parliament in March. This bold move has paved the way for increased adoption and usage of mobile financial services, driving a surge in both transaction volume and value.
The data from the Bank of Ghana also reveals that the number of mobile money transactions has risen to 778 million in April, showcasing the platform’s increasing dominance in the country’s payment landscape. This growth is further supported by the expansion of agent networks, improved digital literacy, and a growing acceptance of mobile money for both personal and business transactions.
Key indicators from the Bank of Ghana’s Summary of Economic and Financial Data for May 2025 underscore the robust performance of Ghana’s mobile money sector. Active mobile money accounts have now reached 24.2 million, with registered accounts totaling 75.2 million. Additionally, the value of mobile money interoperability transactions has seen a significant increase to GH₵4.0 billion in April, up from GH₵3.2 billion in March.
Industry experts believe that the continued growth of mobile money transactions is driven by factors such as increased consumer trust, wider mobile penetration, and the added convenience compared to traditional banking systems. The removal of the E-Levy has also played a crucial role in incentivizing higher-value transactions and fueling further adoption of mobile financial services.
The mobile money boom in Ghana is not only reshaping the financial landscape but also playing a vital role in advancing financial inclusion, particularly in underserved and rural communities. With its potential to redefine the formal financial ecosystem, mobile money is poised to revolutionize the way Ghanaians transact and manage their money in the years to
Ghanaflare.com
