Mobile money transactions surge to GH¢1.775 trillion in 2024
This sharp rise highlights the growing role of mobile money in deepening financial inclusion across the country.
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The total value of mobile money transactions in Ghana reached GH¢1.775 trillion in the first eight months of 2024, according to data from the Bank of Ghana, marking a substantial increase from GH¢1.031 trillion during the same period in 2023.
This sharp rise highlights the growing role of mobile money in deepening financial inclusion across the country.
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The data from the Bank of Ghana’s September 2024 Summary of Economic and Financial Data shows that mobile money transaction values fluctuated throughout the year.
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In January 2024, transactions amounted to GH¢198.4 billion, dropping slightly to GH¢195.8 billion in February and further to GH¢181.9 billion in March.
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However, by April, transactions surged to GH¢203.0 billion and continued to grow to GH¢234.3 billion in May.
Despite a slight dip to GH¢224.0 billion in June, transactions picked up significantly in July (GH¢264.9 billion) and August (GH¢273.6 billion).
Source:techfocus24.com
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