In 2022, the payment industry recorded significant growth in all key payment streams, the Bank of Ghana has stated.

The value of transactions of Ghana Interbank Settlement (GIS) transactions in 2022 increased by 20.24%, while the total value of transactions of inter-bank cheques cleared went up by 24.81%.

Total volume and value of transactions cleared through the ACH direct credit system increased by 12.94% and 26.20%, respectively.

The total value of ACH direct debit transactions increased by 23.05%, while the volume of transactions declined by 2.38%.

The gh-linkTM platform recorded an increase in both transaction volumes and values.

ATM transactions continued to dominate on the ghlinkTM platform and constituted 99.25% of the transactions.

The number of registered internet banking and mobile banking customers both increased in 2022, by 16.40% and 15.38% respectively.

Similarly, transaction volumes and values for both internet banking and mobile banking recorded an increase of 43.03% and 47.34%, respectively.

The total volume of mobile money transactions increased to 5.07 billion in 2022, from 4.25 billion in 2021, representing a 19.30% growth. Similarly, the total value of transactions went up by 9.60% to ¢1.072 billion in 2022, from ¢978.32 million in 2021.

Active mobile money customers and agents also recorded a growth of 13.55% and 14.20% respectively. Float balances held by banks increased by 34.10% to ¢13.07 billion in 2022, from ¢9.74 billion in 2021.