Ghana’s mobile money sector hit a new high in April 2025, with total transaction values soaring to ₵365.0 billion, marking the largest monthly volume so far this year, according to fresh data from the Bank of Ghana (BoG). The surge reflects a 3.8% increase from the ₵351.7 billion recorded in March, signaling growing public reliance on digital payment platforms for both personal finance and commercial transactions.
Alongside this spike in value, transaction volumes also jumped, reaching 778 million in April compared to 764 million the previous month. Financial analysts interviewed by the Accra Street Journal attribute the growth to the broader push toward cashless transactions, as mobile money cements its role as the backbone of Ghana’s digital financial infrastructure.
Industry insiders note that the mobile money boom is particularly significant in bridging access gaps, especially for underbanked populations in rural and peri-urban areas. The Accra Street Journal further highlights that policymakers and fintech players are now closely watching these trends as they shape the future of digital finance and regulatory reforms across the country.
Last Updated on May 24, 2025 by samboad
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