Data from the Bank of Ghana’s (BoG) September 2026 Summary of Economic and Financial Data has disclosed that mobile money transactions in Ghana rose to GH¢518.8 billion in August.

The report showed that mobile money transaction value climbed to GH¢518.8 billion in August 2026, up from GH¢354.1 billion recorded in August 2025, representing an increase of 46.5% year-on-year.

MoMo transactions rose from GH¢484.6 billion in March 2026 to GH¢493.2 billion in April 2026, representing an increase of GH¢8.6 billion, or about 1.78% growth. This reflects a steady improvement in mobile financial services usage nationwide, the report indicates.

The report also shows an increase in registered mobile money accounts, which rise to 83 million in April 2026 from 80.5 million in December 2025. Active accounts stand at 26 million, while registered agents increase to 992,000, with 534,000 actively operating.

In addition, MoMo float balances, which refer to the total amount of money held in trust by banks on behalf of mobile money operators, increase by GH¢1.3 billion, representing a 3.67% rise, signalling stronger liquidity within the mobile money ecosystem.

Meanwhile, interoperability transactions record GH¢5.8 billion across 31.7 million transactions during the period.

Other payment channels also record significant activity, with cheque clearing valued at GH¢36.6 billion from 413,000 transactions, while Automated Clearing House (ACH) Direct Credit transactions reach GH¢13.5 billion from 816,000 transactions.

Instant Pay transfers through the Ghana Interbank Payment and Settlement Systems also rise.

The April 2026 performance builds on a strong growth trend in Ghana’s mobile money sector in recent years. The Bank of Ghana had earlier reported that mobile money transactions increased significantly year-on-year, reaching GH¢3.6 trillion by October 2025, driven by rising adoption of digital payments across the country.

By October 2025, mobile money usage had expanded rapidly, supported by increased merchant acceptance, financial inclusion efforts, and the growing integration of MoMo services into everyday payments. Total transactions from January to October 2025 stood at 893 million, while registered mobile money accounts reached 79.1 million, with 25.3 million active users.

The sector also recorded a strong agent network of about 949,000 registered agents, while interoperability transfers reached GH¢40 billion over the same period. Analysts attributed the growth to increasing trust in digital payments, expanded merchant acceptance, and government and banking sector efforts to promote a cashless economy.

Earlier data also showed sustained expansion in the sector, with transactions reaching GH¢2.368 trillion in the first 10 months of 2024, compared to GH¢1.367 trillion in 2023, highlighting the rapid pace of growth in Ghana’s digital financial ecosystem.

Data from the Bank of Ghana showed that mobile money transactions in January 2025 amounted to GH¢333 billion. However, the figure dropped slightly to GH¢316.2 billion in February 2025.

The surge in transactions occurred despite the presence of the Electronic Transaction Levy (E-Levy), which was later scrapped by the new government. Analysts predicted that with the levy removed, mobile money transactions could see further growth, strengthening Ghana’s financial technology ecosystem.

Meanwhile, mobile money usage continued to expand, with the number of registered accounts rising to 74.1 million, up from 66.9 million in early 2024. Despite this growth, only 411,000 out of 896,000 registered agents were actively processing transactions.

In 2024, Ghana recorded an all-time high of GH¢3.0192 trillion in mobile money transactions, reflecting a year-on-year growth of 57.90%.

Earlier that year, the Bank of Ghana (BoG) clarified that MTN Ghana’s MobileMoney Limited had not been authorised to facilitate cross-border transactions with MTN Nigeria. Contrary to reports suggesting otherwise, the Central Bank emphasized that no such licence had been issued for international money transfers between the two subsidiaries.

In a statement addressing developments in Ghana’s fintech sector, the BoG explained that while MTN MoMo lacked approval for cross-border transactions, another regulated initiative was being piloted under its supervision. The initiative, BrijX, a B2B Currency Swap Platform developed by Brij Fintech Ghana, had been approved for testing within the BoG’s regulatory sandbox framework.