Audio By Carbonatix
The total value of mobile money transactions in the first two months of 2025 increased to GH¢649.2 billion.
This represented a year-on-year growth of 64.68%.
In the first two months of 2024, the total value of mobile money transactions was estimated at GH¢394.2 billion.
According to data from the Bank of Ghana, the value of mobile money transactions in January 2025 was GH¢333 billion.
It however fell to GH¢316.2 billion in February 2025.
This is despite the existence of the Electronic Transaction Levy (E-levy) which was abolished by the new government last week.
Analysts are anticipating that mobile money transactions would go up further, bolstering the financial technology space.
Meanwhile, the total number of registered mobile money accounts stood at 74.1 million, compared with 66.9 million during the same period in 2024.
The registered agents were however estimated at 896,000, but the active agents were 411,000.
In 2024, the total value of mobile money transactions hit a record GH¢3.0192 trillion, about 57.90% growth year-on-year.
Latest Stories
-
Ghana troop deployment to Jamaica and Benin triggers constitutional dispute over executive power
30 minutes -
Ghana ends 2025 in 4th place in Africa with highest debt to IMF
34 minutes -
Rethinking Presidential Tenure in Ghana, 4 years or 5? – Interrogating the CRC Report
52 minutes -
Ghanaian youth leader Ebenezer Martey appointed as member-at-large of ACSA Board
1 hour -
Detty December: A National Emergency Disguised as Enjoyment
1 hour -
Clear Asokwa–Ahodwo corridor by January 4 or risk eviction – Kumasi Mayor warns traders
2 hours -
Nearly 4k shark fins seized at Kotoka Airport in major wildlife trafficking bust
2 hours -
One year on, NDC recounts its mandate and promises results in Christmas message
2 hours -
PUWU issues ultimatum over illegal takeover of Ghana Water lands in Ashanti Region
2 hours -
No room for excuses – NDC vows to deliver fully on people’s mandate
2 hours -
GUTA calls for stronger enforcement to protect local retail trade
2 hours -
MTN Y’ello Ladies Network donates GH₵200K to Korle Bu Breast Cancer Unit, Breast Care International
2 hours -
Ghana Water Ltd assures public of improved supply during Christmas, New Year festivities
2 hours -
Youth must be critical consumers of political communication – Dr. Adutwum
2 hours -
Minerals Commission, Chamber of Mines call for responsible partnership as Ghana-China mining ties deepen
2 hours