{"id":105070,"date":"2025-12-02T11:36:53","date_gmt":"2025-12-02T11:36:53","guid":{"rendered":"https:\/\/sotnews.agency\/?p=105070"},"modified":"2025-12-02T11:36:53","modified_gmt":"2025-12-02T11:36:53","slug":"total-value-of-mobile-money-transactions-hit-gh%c2%a23-6-trillion","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=105070","title":{"rendered":"Total value of Mobile Money transactions hit GH\u00a23.6 trillion"},"content":{"rendered":"
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The total value of mobile money transactions reached GH\u00a23.6 trillion in the first 10 months of 2025, ending October.<\/p>\n

This is according to the latest Economic and Financial Data released by the Bank of Ghana after last week\u2019s Monetary Policy Committee meeting.<\/p>\n

The figure represents the total reported by telecom operators to the Bank of Ghana covering transactions from January to October 2025.<\/p>\n

The report also highlights strong month-on-month growth this year, with September\u2019s transactions recorded at GH\u00a2406 billion, rising to GH\u00a2436 billion in October.<\/p>\n

Year-on-Year Performance<\/strong><\/h2>\n

In the first 10 months of 2024, the total value of mobile money transactions hit GH\u00a22.368 trillion.<\/p>\n

The 2025 figure, therefore, marks a significant jump over last year\u2019s performance.<\/p>\n

For context, total transactions for the same period in 2023 stood at GH\u00a21.367 trillion.<\/p>\n

In the first eight months of 2024 alone, mobile money transactions amounted to GH\u00a21.775 trillion.<\/p>\n

Reasons<\/strong><\/h2>\n

Industry players have linked the growth to more people turning to mobile money for payments.<\/p>\n

The Bank of Ghana and commercial banks have also intensified efforts to promote a cashless economy.<\/p>\n

Additionally, more institutions now accept mobile money as a mode of payment.<\/p>\n

According to analysts, these developments have contributed to the surge in total transaction value.<\/p>\n

Mobile Money Performance<\/strong><\/h2>\n

Data from the Bank of Ghana shows that as of October 2025, total registered mobile money accounts stood at 79.1 million, with 25.3 million active.<\/p>\n

The sector employs about 949,000 registered agents.<\/p>\n

Total transactions from January to October 2025 reached 893 million.<\/p>\n

Regarding mobile money interoperability, GH\u00a240 billion was transferred across platforms within the same period.<\/p>\n<\/div>\n

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