The number of registered internet banking customers increased by 16.40% from 970,435 in 2021 to 1,129,387 in 2022.

Similarly, the number of registered mobile banking customers increased by 15.38% from 5,845,960 in 2021 to 6,745,337 in 2022.

According to the Bank of Ghana’s Payment Systems Oversight Annual Report 2022, the value of internet banking transactions showed an increase of 43.03% to ¢80.43 billion in 2022 compared with the 2021 position of ¢56.23 billion.

The value of mobile banking transactions was also estimated at ¢38.47 billion in 2022 compared with ¢26.11 billion in 2021. This represented a growth of 47.34%.

The cumulative number of ATMs deployed by banks, however, declined by 0.97% from 2,278 in 2021 to 2,256 at end-December 2022.

On the other hand, the number of POS devices went up by 6.13% from 12,643 at end-December 2021 to 13,418 in December 2022.