Number of debit cards issued by banks decreased by 11.8% to 5.7m in 2025
According to the 2025 Payment Systems Oversight Annual Report the total number of prepaid cards issued also declined by 31.8% to 403,582 from 591,502 over the same comparative period.
In 2025, the number of debit cards issued by banks in Ghana saw a significant decline of 11.8%, falling to 5,709,937 from 6,474,537 in the previous year, according to the Bank of Ghana. The decrease was primarily attributed to the destruction and withdrawal of expired cards. Meanwhile, credit card usage experienced an increase of 4.8%, reaching 71,629 cards in 2025 compared to 68,380 in 2024.
This growth was driven by the expansion of credit card services across the industry. Additionally, prepaid card issuance dropped by an even steeper 31.8%, with only 403,582 cards issued in 2025, down from 591,502 in 2024. The total number of prepaid cards also faced a significant decline. On a more positive note, Ghana's mobile money industry continued to thrive in 2025.
The number of active mobile money customers surged by 13.6%, reaching 26.7 million in 2025 from 23.5 million a year earlier. This robust growth highlighted the resilience and continued expansion of Ghana's mobile money ecosystem, as noted by the Central Bank in their 2025 Payment Systems Oversight Annual Report.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
