Ghana’s mobile money ecosystem continued its rapid expansion in April 2026, with transaction value surging to GH¢493.2 billion as digital finance strengthens its role in the country’s payment and commercial systems.
New data contained in the Bank of Ghana’s May 2026 Summary of Economic and Financial Data showed that mobile money transaction value increased significantly from GH¢365.0 billion recorded in April 2025. The latest figure represents a 35.1 per cent year-on-year rise, highlighting the growing dependence on digital payment platforms for everyday financial transactions.
The latest performance reinforces Ghana’s position as one of Africa’s leading mobile money markets, driven by rising digital adoption, wider agent networks and increasing use of mobile wallets for both payments and savings.
Digital Transactions Continue to Expand
The number of mobile money transactions also recorded strong growth during the review period. Total transactions rose from 778 million in April 2025 to 967 million in April 2026, reflecting increased usage across households, businesses and informal sector operators.
Analysts say the trend shows that mobile money has evolved beyond simple peer-to-peer transfers into a critical component of Ghana’s broader financial infrastructure.
The Bank of Ghana data suggests mobile money is increasingly supporting merchant payments, utility bill settlements, small business operations, remittances and day-to-day commercial activities across the country.
Registered mobile money accounts climbed from 75.2 million to 83.0 million over the one-year period. Active accounts also increased from 24.2 million to 26.0 million, indicating stronger customer engagement within the ecosystem.
Agent Network and Wallet Balances Rise
Growth in the mobile money sector was also supported by the continued expansion of agent networks nationwide.
Registered mobile money agents increased from 911,000 in April 2025 to 992,000 in April 2026, while active agents rose sharply from 414,000 to 534,000.
The wider distribution network is expected to improve access to financial services, especially in rural and underserved communities where traditional banking infrastructure remains limited.
Meanwhile, balances held in mobile money wallets rose from GH¢28.2 billion to GH¢36.7 billion within the same period.
The increase suggests that many users are increasingly treating mobile wallets as short-term stores of value in addition to payment channels.
Mobile Money Dominates Ghana’s Payment Landscape
Interoperability transactions also maintained strong momentum, with transaction value increasing from GH¢4.0 billion in April 2025 to GH¢5.8 billion in April 2026.
The number of interoperability transactions rose from 23.1 million to 31.7 million, reflecting stronger cross-network integration within Ghana’s digital payments ecosystem.
Mobile money activity continued to far exceed traditional payment channels. Cheque transaction value stood at GH¢36.6 billion in April 2026, significantly lower than the GH¢493.2 billion recorded through mobile money platforms.
GhIPSS Instant Pay recorded GH¢79.0 billion in transactions during the same period, while internet banking transactions reached GH¢42.0 billion.
Despite the growth of other digital payment systems, mobile money remained Ghana’s dominant payment channel by both transaction value and transaction volume, underscoring its growing importance to the country’s evolving financial landscape.
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