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General News of Friday, 23 May 2025

    

Source: www.ghanawebbers.com

Mobile Money transactions in Ghana hit GH¢365bn in April 2025

Ghana's mobile money sector saw significant growth in April 2025.

Total transactions reached a record GH¢365.0 billion.

This information comes from the Bank of Ghana’s latest report.

The report highlights the sector's ongoing momentum and impact on the economy.

The transaction value increased by 3.8% from GH¢351.7 billion in March 2025.

April marked the highest monthly transaction value this year.

This rise shows a growing preference for mobile financial services.

Both individuals and businesses are embracing digital payment solutions.

The number of transactions also grew, from 764 million in March to 778 million in April.

This increase shows how vital mobile money is for financial access.

It facilitates daily transactions, especially in areas lacking traditional banks.

The Bank's data indicates a steady rise in mobile money usage.

This trend is driven by more people using mobile phones and expanding agent networks.

User-friendly mobile platforms have also contributed to this growth.

Mobile money has become essential for financial inclusion and economic participation.