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
-
UHAS halts semester exams over administrative, logistical issues
2 hours -
ECG announces planned maintenance outages in parts of Ashanti Region
2 hours -
Sexual harassment has no place in educational institutions – Education Ministry
3 hours -
The growing culture of vacation classes in Ghana: Should students rest or continue schoolwork?
3 hours -
E.P. Church secures radio frequency, prepares to launch Bremen Radio
4 hours -
Two dead and hundreds evacuated as twin fires break out on Greek island
4 hours -
EPCG clears over GH¢11.7m in debt as outgoing moderator calls for tighter controls on borrowing
4 hours -
Mövenpick Ambassador Hotel Accra marks 15 years of premium hospitality
4 hours -
T-bills auction: Government exceeds target by 88%, interest rates tumble
5 hours -
Western North: Confusion erupts over NPP chairmanship election results
5 hours -
Bawumia congratulates newly elected NPP regional executives
5 hours -
Bawumia urges unity after NPP regional elections ahead of 2028
6 hours -
Russia says at least seven killed in largest Ukrainian attack of 2026
6 hours -
Ghana and Netherlands sign pact to combat illicit drugs and drug markets
6 hours -
Akandoh warns Boards against interfering in day-to-day management of health institutions
6 hours