Ghana's mobile money industry saw a strong start to 2025, with transactions hitting GH₵649.2 billion within the first two months of the year.

This marks a significant 64.68% increase compared to the same period in 2024, when mobile money transactions totaled GH₶394.2 billion.

Data from the Bank of Ghana reveals 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 comes despite the presence of the Electronic Transaction Levy (E-Levy), which was scrapped by the new government last week. Analysts predict that with the levy removed, mobile money transactions could see further growth, strengthening Ghana’s financial technology ecosystem.

Meanwhile, mobile money usage continues 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%.