Business News of Friday, 23 May 2025
Source: www.ghanawebbers.com
Data from the Bank of Ghana shows mobile money transactions increased significantly. By April 2025, the total reached GH₵365.0 billion.
This is up from GH₵303.0 billion in the same period last year.
The number of transactions also rose to 778 million in April 2025. This is an increase from 630 million in April 2024.
The Balance of Float reached GH₵28.2 billion, compared to GH₵19.3 billion last year.
This steady rise highlights a growing preference for mobile financial services. Individuals and businesses are increasingly embracing digital payment solutions.
Mobile money plays a central role in enhancing financial access across the country. It facilitates daily transactions, especially in areas lacking traditional banking services.
The Bank of Ghana data indicates a sustained upward trend in mobile money usage. This growth is driven by greater mobile phone penetration and expanding agent networks.
User-friendly mobile platforms have made mobile money essential for financial inclusion and economic participation.