The total value of mobile money transactions for the first two months of 2024 stood at a record GH¢394.2 billion.
This is compared with GH¢264.1 billion during the same period in 2023.
According to the March 2024 Summary of Economic and Financial Data by the Bank of Ghana, the value of mobile money transactions in January 2024 stood at GH¢198.4 billion, whilst that of February 2024 was estimated at GH¢195.8.
This impressive feat is despite the existence of the Electronic Transaction Levy (E-Levy).
The total number of transactions in January 2024 stood at 618 million, whilst that of February 2024 was 609 million.
The active mobile money accounts were also estimated at 22.9 million in January 2024.
The total value of Mobile Money transactions reached a record level of GH¢1.912 trillion in 2023. This is compared with GH¢1.07 trillion in 2022.
The data from Bank of Ghana revealed that mobile money transactions surged consistently from January 2023 to January 2024, before dropping slightly in February 2024.
All the 14 months recorded more than GH¢100 billion respectively.
| MONTH | 2023 (GH¢ billion) | 2024 (GH¢ billion) |
| January | 130.1 | 198.4 billion |
| February | 134.0 | 195.8 |
| TOTAL | 264.1 | 394.2 |
Latest Stories
-
KNUST researchers highlight potential areas for future research in Heterotis (Supaku) culture
5 minutes -
CEO of Magmens Coutre in Obuasi wins Global Woman Fashion Entrepreneur of the Year Award
33 minutes -
NPP will not make Bawumia a rubber stamp for other candidates – Haruna Mohammed
39 minutes -
Health experts strengthen Ghana’s blood care system to tackle cancer, sickle cell, and donation myths
46 minutes -
We’ll crack the whip at the appropriate time – NPP warns amid internal rifts
49 minutes -
Rawlings’ values must be our guide – Asiedu Nketia
1 hour -
Bawumia’s meeting with MMDCEs a political strategy – Kwasi Kwarteng
2 hours -
Kofi Owusu Peprah reveals why he quit his job as a BNI officer
2 hours -
No candidate matches Bawumia’s experience and exposure – NPP Communications team member
2 hours -
220 former MMDCEs endorse Bawumia as 2028 NPP flagbearer
2 hours -
Iran Israel conflict: Ghanaian businesses lament over rising freight charges
2 hours -
Qatar closes airspace as UK and US tell citizens to shelter in place
2 hours -
NPP flagbeaership: I’m quietly building my support base – Dr. Adutwum
2 hours -
Dr. Adutwum’s bid for NPP flagbearer gains momentum, Railway Market traders declare support
2 hours -
Ghana winger Christopher Bonsu Baah set for big-money move to Saudi Arabia
3 hours