Total mobile money transaction values grew by 50.8% to GH¢4.54trn in 2025
According to the 2025 Payment Systems Oversight Annual Report, the acceleration in transaction values underscored the increasing importance of e-money platforms in supporting economic transaction.
In 2025, mobile money transaction values surged by 50.8% to a total of GH¢4.54 trillion, as reported by the Bank of Ghana in its 2025 Payment Systems Oversight Annual Report. This marked an increase from GH¢3.01 trillion in the previous year's review period. The significant rise in transaction values highlighted the growing significance of e-money platforms in facilitating economic activities.
Following a substantial agent network clean-up in 2024, the number of active mobile money agents initially declined but then rebounded in 2025. The active agent count rose by 21.4% to 491,057 in 2025 from 404,370 in 2024. This post-clean-up consolidation phase was characterized by a shift towards improved agent legitimacy and activity rather than rapid network expansion, according to the Bank of Ghana.
However, despite the overall growth in transaction values, mobile money transactions remained concentrated among a limited number of high-value transaction types. Agent-to-Agent (A2A) transactions continued to dominate, constituting 41.0% of total transaction values in 2025, compared to 37% in 2024. A2A transactions played a crucial role in redistributing liquidity and settling within the mobile money agent network.
The use of fintech platforms for mediated merchant and commercial payments also increased, with third-party transfers accounting for 14.9% of total transactions in 2025, up from 14.4% in 2024. This trend indicated the integration of mobile money channels into broader business and institutional transactions.
In contrast, cash-based transactions accounted for a smaller share of the total transaction values, making up 16.1% in 2025, down from 20.1% in 2024. This decrease signaled a gradual transition from cash-intensive activities towards more account-based and digital transactions. Other transaction types, including wallet-to-bank, bank-to-wallet, person-to-person, and business-to-business transactions, maintained relatively stable shares, supporting both retail and merchant payment use cases.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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