The total value of mobile money transactions for the first half of 2024 crossed the GH¢1.0 trillion mark to hit GH¢1.234 trillion, about 43.57% year-on-year growth.
During the same period in 2023, the total mobile money transactions stood at GH¢859.5 billion.
This significant growth in mobile money transactions is mind astonishing despite the presence of the Electronic Transactions Levy.
According to the July 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, but dropped to GH¢195.8 in February 2024.
It again fell slightly to GH¢181.9 billion in March 2024 but shot up to GH¢203.0 billion in April 2024. It went up again to GH¢234.3 billion in May 2024 but fell slightly to GH¢224.0 billion in June 2024.
MONTH | 2023 (GH¢) | 2024 (GH¢) |
January | 130.1 billion | 198.4 billion |
February | 134.0 billion | 195.8 billion |
March | 147.5 billion | 181.9 billion |
April | 138.8 billion | 203.0 billion |
May | 159.7 billion | 243.4 billion |
June | 149.4 billion | 224.0 billion |
Latest Stories
-
CAF President blasts Ghana over Baba Yara stadium ban
4 mins -
GUTA calls for de-politicization of fight against galamsey
5 mins -
Police outlines guidelines for NDC’s nationwide demonstration against EC
20 mins -
Demystifying the claims of rip-offs and arbitrary charges in Ghana’s port sector—from the shipping lines perspective
31 mins -
EducationUSA: Ghanaian students in US benefit from $9 million Investment
45 mins -
Elections not about insults; be decent in your speech – Bawumia to Mahama
50 mins -
Reverse osmosis the most reliable way to filter water – Association of Packaged Water Producers
1 hour -
UG SRC Presidential Race: Court ruling has taught me a lot about life – Guru
1 hour -
Voazok Tours to hold Canada Agricultural Tour
1 hour -
Peace Council implements measures to ensure peaceful 2024 elections
2 hours -
Staff of banks involved in fraud increases by 46% in 2023; BoG expresses worry
2 hours -
NDC calls for public support for upcoming protest – W/R NDC Secretary
2 hours -
2024/25 GPL: Vision FC secure 2-0 maiden GPL win against Accra Lions
2 hours -
I didn’t pull a gun at DRIP commissioning – Gomoa West MP refutes allegations
2 hours -
Galamsey: Current effort doesn’t match the scale of crisis – Kenneth Ashigbey
2 hours