Bank of Ghana: Mobile Money Continues to Drive Cash-Lite Economy with GH¢354 Billion in August

Mobile money transactions in Ghana reached GH¢354.1 billion in August 2025, according to the Bank of Ghana’s latest Summary of Economic and Financial Data.

Although slightly below the GH¢355.4 billion recorded in July, the figure highlights the continued dominance of mobile payments in the country’s financial landscape.

The central bank’s data showed that transaction volumes grew to 831 million in August, up from 778 million in July. Registered mobile money accounts climbed to 77.7 million, with 25.1 million active users.

The number of registered agents rose to 938,000, with 433,000 actively operating. Analysts note that this expansion in both usage and activity reflects rising confidence in digital financial services as a reliable tool for payments, remittances, and business transactions.

Mobile money interoperability also advanced, with cross-network transactions totaling GH¢4.9 billion from 26.4 million transfers in August.

Despite ongoing economic challenges such as currency volatility and fiscal pressures, the Bank of Ghana emphasized that mobile money is deepening financial inclusion, creating employment, boosting tax collection, and reducing risks linked to cash transactions.

Additionally, mobile lending platforms tied to mobile money are widening access to credit, strengthening its role as the backbone of Ghana’s digital financial ecosystem and accelerating the shift toward a cash-lite economy.