Audio By Carbonatix
Data released by the Bank of Ghana has shown that the value of mobile money transactions went up significantly to reach GH₵365.0 billion by April 2025.
Compared to the same period last year, the value of transactions was at GH₵303.0 billion.
The data also showed that the number of transaction increased to 778 million in April 2025 compared to 630 million in April 2024.
The Balance of Float reached GH₵28.2 billion compared to GH₵19.3 billion.
The steady rise highlights the increasing preference for mobile financial services among individuals and businesses alike, as the nation continues to embrace digital payment solutions.
This increase further demonstrates the central role mobile money plays in enhancing financial access and facilitating daily transactions across the country, especially in areas underserved by traditional banking infrastructure.
The Bank of Ghana data also points to a sustained upward trend in mobile money usage, fuelled by greater mobile phone penetration, the expansion of agent networks, and the user-friendly nature of mobile platforms.
These factors have made mobile money an indispensable tool for financial inclusion and economic participation.
Latest Stories
-
S&P Global Ratings assigns Afreximbank ‘BBB+/A-2’ investment grade rating
2 minutes -
GES cautions against fake BECE selection notice
9 minutes -
Ghana School Enterprise Project launched to bridge TVET education and entrepreneurship in Ashanti Region
13 minutes -
Protector or Predator? How anti-immigrant violence is undermining South Africa’s economic recovery
24 minutes -
Ashaiman Irrigation Scheme under threat as encroachment engulfs farmland – Kojo Akoto Boateng
26 minutes -
High Court rejects Appiah-Kubi’s bid to withdraw legal representation in Wontumi-linked mining case
31 minutes -
T-bills auction: Government records 13.6% oversubscription, but at higher cost
38 minutes -
Defend democratic governance – Mahama Ayariga rallies young citizens
46 minutes -
Akka Kappa’s Jolanda Castagna honoured as Best CEO in Real Estate Brokerage
1 hour -
Fumigation planned for polluted Densu, Weija rivers and adjacent settlements – Assembly Member
1 hour -
56% of Ghanaians satisfied with government’s handling of dumsor – Global InfoAnalytics
1 hour -
Operators of illegal waste site near Weija Dam being processed for court – Assembly Member
2 hours -
Bole SHS teacher under scrutiny over alleged sexual misconduct with final-year student
2 hours -
Ghana Police, Immigration Service remain most corrupt institutions – Global InfoAnalytics
2 hours -
Arrest and punish Densu River polluters — Titus Glover
2 hours