Mobile Money transactions hit GH¢4.54trn in 2025 – BoG

In 2025, Ghana's mobile money industry experienced significant growth, with total transaction values soaring by 50.8 per cent to a staggering GH¢4.54 trillion, according to the Bank of Ghana (BoG). This marked a substantial increase from the GH¢3.01 trillion recorded in 2024, as highlighted in the BoG's 2025 Systems Oversight Annual Report.

The report revealed that monthly transaction values consistently outpaced their 2024 levels, ranging from GH¢333 billion in January to an impressive GH¢518 billion in December. The steady growth in transaction values underscored the increasing reliance on mobile money platforms for everyday financial activities among businesses and households.

A notable aspect of the mobile money landscape was the increase in the number of active customers. The figure rose by 13.6 per cent, climbing from 23.5 million in 2024 to 26.7 million in 2025. This expansion was also evident in the recovery of the agent network, which saw a robust 21.4 per cent increase in active e-money agents, rising from 404,370 in 2024 to 491,057 in 2025.

Mobile money transactions were predominantly driven by account-based and digital flows, with Agent-to-Agent (A2A) transactions constituting 41 per cent of total transaction values in 2025. Third-party transfers also showed a marginal increase, reaching 14.9 per cent, indicating the growing adoption of fintech platforms for commercial and merchant payment activities.

However, cash-based transactions were on the decline. Cash-in and cash-out transactions together accounted for only 16.1 per cent of total transaction values in 2025, down from 20.1 per cent in 2024. This shift suggests that mobile money is progressively moving beyond its traditional role as a cash transfer platform, becoming an integral part of Ghana's evolving digital economy.