Total value of Mobile Money transactions hit GH¢3.6 trillion

The total value of mobile money transactions reached GH¢3.6 trillion in the first 10 months of 2025, ending October.

This is according to the latest Economic and Financial Data released by the Bank of Ghana after last week’s Monetary Policy Committee meeting.

The figure represents the total reported by telecom operators to the Bank of Ghana covering transactions from January to October 2025.

The report also highlights strong month-on-month growth this year, with September’s transactions recorded at GH¢406 billion, rising to GH¢436 billion in October.

Year-on-Year Performance

In the first 10 months of 2024, the total value of mobile money transactions hit GH¢2.368 trillion.

The 2025 figure, therefore, marks a significant jump over last year’s performance.

For context, total transactions for the same period in 2023 stood at GH¢1.367 trillion.

In the first eight months of 2024 alone, mobile money transactions amounted to GH¢1.775 trillion.

Reasons

Industry players have linked the growth to more people turning to mobile money for payments.

The Bank of Ghana and commercial banks have also intensified efforts to promote a cashless economy.

Additionally, more institutions now accept mobile money as a mode of payment.

According to analysts, these developments have contributed to the surge in total transaction value.

Mobile Money Performance

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.

The sector employs about 949,000 registered agents.

Total transactions from January to October 2025 reached 893 million.

Regarding mobile money interoperability, GH¢40 billion was transferred across platforms within the same period.

Comments

UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities

In a significant boost to UK-Ghana trade and investment relations, the UK-Ghana Chamber of Commerce (UKGCC), in partnership with the UK-Ghana Jobs and Economic Transformation (JET) Programme, has launched the UK-Ghana Trade Resource Centre, a practical market-access platform designed to help businesses identify opportunities, navigate export requirements and build commercial partnerships between Ghana and the United Kingdom. The UK and Ghana enjoy strong trade relations, with total bilateral trade reaching approximately £1.6 billion in the year to Q1 2026. Yet, despite this progress, significant untapped opportunities remain for businesses in both countries. The Trade Resource Centre has been established to help bridge information gaps, connect businesses with the right partners, and support firms to take greater advantage of opportunities under the UK-Ghana Trade Partnership Agreement. The launch formed one of the major outcomes of the UK-Ghana Trade & Investment Summit 2026,...

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...

Kofi Ahovi

Search This Blog