ACCRA—Transactions through Ghana’s mobile money interoperability system surged to GHC 4.9 billion ($364 million) in August, marking the strongest performance of the year and extending a rebound from a slowdown in June, according to Bank of Ghana data.
The August total represented a 4.3% rise from July’s GHC 4.7 billion and a 25.6% jump from June’s GHC 3.9 billion, when activity dipped. In May, transaction value had stood at GHC 4.5 billion.
Cross-network transfers also accelerated. The number of interoperability transactions reached 26.4 million in August, up 1.5% from July’s 26 million and 13.3% higher than June’s 23.3 million.
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Launched in 2018, the mobile money interoperability (MMI) platform allows customers to transfer funds across mobile networks and between wallets and bank accounts, removing the earlier limitation of being tied to a single operator.
The system has become a backbone of Ghana’s financial services industry. It has lowered transfer costs, widened access to digital payments, and fueled the country’s transition toward a cash-lite economy.
The surge in August coincided with broader momentum in the mobile money sector. Total transactions across all platforms rose to 831 million, up from 778 million in July. The total value of mobile money activity hit GHC 354.1 billion.
Account ownership continued to expand. Registered mobile money accounts grew to 77.7 million in August from 70.5 million a year earlier, while active accounts climbed to 25.1 million. The agent network also broadened to nearly 938,000 registered agents nationwide.
Interoperability has been central to Ghana’s financial inclusion agenda, especially in rural areas where bank penetration remains limited. By integrating mobile and banking systems, MMI has formalized transactions once dependent on cash and strengthened the resilience of the national payments ecosystem.
With August setting a new benchmark for both transaction value and volumes, analysts say the platform has reinforced its role in remittances, retail payments, utility bills, and salary transfers.
FAQs
Q: What is mobile money interoperability in Ghana?
A: Mobile money interoperability (MMI) is a system introduced in 2018 that allows users to send and receive money across different mobile networks and between mobile wallets and bank accounts.
Q: How much did interoperability transactions total in August 2025?
A: GHC 4.9 billion ($364 million), the highest monthly value recorded so far in 2025.
Q: How did August compare with July and June?
A: The August total rose 4.3% from July (GHC 4.7 billion) and 25.6% from June (GHC 3.9 billion).
Q: How many transactions were recorded in August?
A: 26.4 million interoperability transactions, compared with 26.0 million in July and 23.3 million in June.
Q: Why is interoperability important for Ghana?
A: It expands financial access, reduces transaction costs, supports financial inclusion in rural areas, and helps shift the economy toward digital payments instead of cash-based transactions.
Source: Accra Street Journal
Last Updated on September 22, 2025 by Samuel Kwame Boadu
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Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
