In August 2025 alone, mobile money transactions across the country hit a staggering GHC354.1 billion, according to fresh data from the Bank of Ghana. While that’s a slight dip from the GHC355.4 billion recorded in July, the message is clear: mobile payments continue to dominate Ghana’s financial landscape.
What’s even more striking? The number of transactions surged—up to 831 million in August from 778 million the month before. And with 77.7 million registered accounts (25.1 million of them active), mobile money is becoming more than just a convenient payment option—it’s a lifeline for millions and a powerful tool for financial inclusion.
“This shows growing confidence in mobile money for everything from daily purchases to business transactions and remittances,” said one industry analyst. “Even with economic pressures, people are still choosing digital first.”
Cross-network transfers—also known as mobile money interoperability—are booming too. Transactions reached GHC4.9 billion in value in August, with 26.4 million transfers made across networks. That’s a big win for users who no longer have to worry about which service their friends or customers use.
Despite the cedi's recent volatility and ongoing fiscal challenges, mobile money is proving to be a resilient force in Ghana’s financial system. It’s no longer just an alternative—it's the backbone.
So, whether you're paying for kelewele at the corner joint or sending funds to family in a remote village, chances are you're doing it on your phone.
