Ghana’s interoperable mobile money system saw rapid growth over 2025, providing a strong foundation for regional trade and financial integration, the Bank of Ghana said on Wednesday, February 4, 2026.
Speaking on behalf of Governor Johnson Pandit Asiama at the African Prosperity Dialogue, Second Deputy Governor Matilda Asante-Asiedu highlighted the role of Ghana’s digital infrastructure in supporting real-time payments across banks, mobile money operators, and fintech platforms.
“In Ghana, we have deliberately built a modern, interoperable, and resilient payment ecosystem. Investments in digital public infrastructure have enabled interoperability across banks, mobile money operators, and fintech institutions, supporting real-time payments across our economy. These domestic successes provide a strong platform for regional integration,” she said.
Interoperability Growth
Bank of Ghana data shows that the transaction value of interoperable mobile money rose from 3.1 billion GHC in December 2024 to 5.8 billion GHC in December 2025, an increase of nearly 87%. The number of transactions increased from 19.9 million to 28.7 million, a 44% rise over the same period.
Growth was steady throughout the year, with acceleration between April and August 2025, and a peak in December, reflecting increased activity during the festive period. The rise in transaction value outpaced the increase in transaction numbers, suggesting that higher-value payments are increasingly being conducted through interoperable channels.
Regional and Continental Impact
Ghana is also a key participant in the Pan-African Payment and Settlement System (PAPSS), which allows cross-border payments in local currencies, shortens settlement chains, and reduces costs for African traders.
“High transaction costs and payment inefficiencies disproportionately affect small businesses, women traders, and young entrepreneurs. Therefore, removing payment barriers will unlock scale, strengthen competitiveness, and expand opportunity across Africa,” Asante-Asiedu said.
The Bank emphasized complementary initiatives, including fintech passporting with Rwanda, pilot programs for next-generation digital public infrastructure, and the recently passed Virtual Asset Service Providers Act, which regulates emerging digital payment channels while safeguarding consumers.
Outlook
The growth in Ghana’s interoperable mobile money ecosystem reflects the broader push to strengthen Africa’s financial integration under the African Continental Free Trade Area (AfCFTA).
As the continent seeks to reduce cross-border transaction costs, Ghana’s experience demonstrates how robust domestic digital infrastructure can support both trade and financial inclusion.
“If we innovate with purpose, collaborate with conviction, and build systems that serve trade, cross-border payments will transform from a constraint into a powerful catalyst for Africa’s shared prosperity,” Asante-Asiedu said, noting that the single market will only succeed when value moves as seamlessly as ideas and entrepreneurs can transact across borders without friction.
