Ghana’s mobile money transactions recorded a sharp increase in the first two months of 2025, reaching GH¢649.2 billion.

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This marks a 64.68% rise compared to the GH¢394.2 billion recorded during the same period in 2024.

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Figures from the Bank of Ghana indicate that January 2025 saw transactions amounting to GH¢333 billion, while February 2025 recorded a slight drop to GH¢316.2 billion.

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This growth comes despite the Electronic Transaction Levy (E-Levy), which remained in effect until its repeal by the new government last week. Analysts believe the removal of the levy could further boost mobile money transactions and drive financial inclusion.

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The number of registered mobile money accounts grew to 74.1 million in early 2025, up from 66.9 million in 2024. However, out of 896,000 registered agents, only 411,000 were actively engaged in transactions.

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For the whole of 2024, mobile money transactions totaled GH¢3.0192 trillion, reflecting a 57.90% increase from the previous year. This highlights the continued expansion of Ghana’s digital payments landscape.

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