The holiday rush is here, and with it, a familiar hum fills the air, not the sound of sleigh bells, but the ping of mobile wallets, the click of online transfers, and the steady beat of digital payments. In Ghana, Christmas isn’t just about shopping; it’s about sending money to loved ones, paying bills, and making sure business keeps moving, all faster, smoother, and more reliably than ever before.
Mobile Money: The Everyday Hero
Step into the world of everyday payments, and Mobile Money still wears the crown. By October 2025, there were 79.1 million registered accounts and 25.3 million active users. For most Ghanaians, it’s the first stop for topping up airtime, paying school fees, or sending cash to family. The total value of these transactions? A staggering GHC 434.7 billion. That’s not just numbers, that’s life, flowing digitally through phones across the country.
Ghipss Instant Pay: The Big-Money Game-Changer
If Mobile Money rules daily transactions, Ghipss Instant Pay (GIP) is the heavyweight for the big plays. Think corporate transfers, government payments, and urgent high-value settlements. In October 2025 alone, GIP moved GHC 70.3 billion across 17.5 million transactions. It’s fast. It’s instant. And it’s quietly reshaping how large sums of money travel in the economy.
Internet Banking: The Steady Climber
Meanwhile, internet banking is slowly staking its claim. With GHC 41.6 billion in transactions and more than 4.7 million transfers, an increasing number of Ghanaians are discovering the ease of moving money from the comfort of their browsers. No queues, no branches, just a few clicks and the transaction is done.
Seamless Connections: Interoperability
Then there’s the quiet hero of digital payments: interoperability. The ability to send money across different mobile money networks has become second nature. In October 2025, these cross-wallet transfers reached GHC 5.0 billion, with 25.9 million transactions,
Who Leads in Volume and Value?
| Rank | Payment System | Transaction Value (GHC) | Transaction Volume |
| 1 | Mobile Money (MM) | 434.7B | 25.3M |
| 2 | Ghipss Instant Pay (GIP) | 70.3B | 17.5M |
| 3 | Internet Banking | 41.6B | 4.7M |
| 4 | Cheques Cleared | 34.5B | 453K |
| 5 | ACH Direct Credit | 13.0B | 837K |
| 6 | ACH Direct Debit | 0.29B | 77K |
| 7 | Mobile Money Interoperability | 5.0B | 25.9M |
| 8 | E-zwich | 4.1B | 687K |
| 9 | Gh-Link | 0.074B | 81K |
According to the data, mobile Money remains the dominant force for everyday transactions, Ghipss Instant Pay leads the way in high-value transfers, and internet banking is steadily gaining ground as a complementary channel.
With Christmas just around the corner, these numbers tell more than trends, they reveal how Ghanaians are spending, sending, and connecting in an increasingly digital world. Transferring money to family, paying for gifts, or settling business accounts is no longer a chore; it has become fast, seamless, and reliable.
Mobile Money continues to handle the bulk of everyday transactions, Ghipss Instant Pay moves the larger sums, and internet banking is carving out its place as a trusted alternative. These platforms are more than tools, they are the arteries of Ghana’s festive commerce, keeping money flowing smoothly as the country prepares for the holidays.
