According to the Bank of Ghana’s Summary of Economic and Financial Data for May 2022, mobile money transactions in Ghana reduced by 3% from GH¢90.5 billion in March to GH¢87.7 billion in April.
This was despite an increase in the number of registered mobile money accounts from 49.9 million in March to 50.2 million in April. The current total number of active accounts is 18.6 million.
The data showed that the total number of Mobile Money transactions had also decreased by 2.4% from 413 million in March to 403 million in April.
At the end of April 2022, the report indicated that there were 611,000 registered agents with about 454,000 active agents in the country.
Data on Mobile Money interoperability, which is the platform that allows transfer of funds from one mobile money wallet to another across different network also showed that transaction values had increased from GH¢2.8 billion in March to GH¢3.3 billion in April.
However, the total number of transactions had increased from 12.8 million in March to 14.2 million in April.
On a year-on-year basis, the total number of mobile money transactions has increased to about 20% from 323 million in April 2021 to 403 million in April 2022 whereas the total value of transactions has relatively increased by 4.4% from GH¢83.8 billion in 2021 to GH¢87.7 billion in April 2022.
Registered mobile money accounts increased by 7.5% as there were 42.1 million accounts in April of 2021 compared to 50.2 million in April this year whiles the active mobile money accounts have increased by 7.5% from 17.2 million in April 2021 to 18.6 million in April 2022.
Source: Bank Of Ghana
