Audio By Carbonatix
The total value of mobile money transactions for the first half of 2024 crossed the GH¢1.0 trillion mark to hit GH¢1.234 trillion, about 43.57% year-on-year growth.
During the same period in 2023, the total mobile money transactions stood at GH¢859.5 billion.
This significant growth in mobile money transactions is mind astonishing despite the presence of the Electronic Transactions Levy.
According to the July 2024 Summary of Economic and Financial Data by the Bank of Ghana, the value of mobile money transactions in January 2024 stood at GH¢198.4 billion, but dropped to GH¢195.8 in February 2024.
It again fell slightly to GH¢181.9 billion in March 2024 but shot up to GH¢203.0 billion in April 2024. It went up again to GH¢234.3 billion in May 2024 but fell slightly to GH¢224.0 billion in June 2024.
| MONTH | 2023 (GH¢) | 2024 (GH¢) |
| January | 130.1 billion | 198.4 billion |
| February | 134.0 billion | 195.8 billion |
| March | 147.5 billion | 181.9 billion |
| April | 138.8 billion | 203.0 billion |
| May | 159.7 billion | 243.4 billion |
| June | 149.4 billion | 224.0 billion |
Latest Stories
-
Divided mandates, shared crises: Institutional intersections in Ghana’s flood management
2 minutes -
Most young Ghanaians want marriage and children but jobs and finances stand in the way – UNFPA Report
10 minutes -
Accra-Tema Motorway reconstruction 48% complete with drainage works reducing flooding
18 minutes -
22-year-old law student declares bid for Manhyia South seat on Base Movement Ghana ticket
24 minutes -
Ghana’s crude oil production falls for six years, costing billions in lost revenue – IES report
29 minutes -
Today’s Front pages: Tuesday, July 14, 2026
34 minutes -
CPP mourns Ya-Na Abukari II, calls for heightened security ahead of Dagbon funeral
35 minutes -
Finance Minister Ato Forson set to present Mid-year Budget Review next week
41 minutes -
Some abandoned 1D1F factories have been converted into churches – Ahmed Ibrahim
47 minutes -
Coca-Cola Bottling Company donates relief items to support flood-affected families in Tema West Municipality
1 hour -
RUPAG rejects claims raw rubber export ban is hurting farmers, defends policy
1 hour -
Integrity, adaptability key to career success, Absa Chief Risk Officer urges UESD students
2 hours -
Absa Bank empowers Persons With Disabilities through financial literacy programme
2 hours -
Mrs Essie Nyamekye Quainoo
2 hours -
Interior Ministry recovers 73 assets linked to drug trafficking through intensified anti-narcotics operations
2 hours