Ghana’s shift towards a cashless economy continues to gather momentum, with Mobile Money Interoperability (MMI) transactions showing impressive growth. February 2025 saw a total of 19.7 million MMI transactions, up from 15.8 million during the same month in 2024. This consistent rise reinforces the country’s commitment to digital payments, paving the way for more inclusive financial services.
Transaction Value Rises Significantly
The financial value of these transactions has experienced substantial growth, increasing by 45% year-on-year. From GHC 2.0 billion in February 2024, the value reached GHC 2.9 billion in February 2025. Notably, the highest transaction value within the past year occurred in November 2024, hitting GHC 3.8 billion before stabilizing early in 2025.
According to data from the Bank of Ghana, interoperability transactions have shown a steady upward trajectory, consistently surpassing 18 million transactions by mid-2024 and continuing to rise into 2025. This growth is a testament to the broader shift toward digital financial services in Ghana, where mobile money has become a central component of everyday life.
Driving Forces Behind the Growth
Several key factors have contributed to this surge in interoperability transactions. A major driving force is the widespread adoption of mobile money services, with the number of registered accounts climbing from 66.9 million in February 2024 to 74.1 million in February 2025. This increase reflects a growing base of users who are engaging with mobile money platforms, enhancing the efficiency and accessibility of cross-network transactions.
Additionally, active mobile money accounts have seen a slight increase, reaching 23.6 million in February 2025, up from 23.1 million a year earlier. This indicates that not only are more people registering for mobile money, but there is also a rise in the frequency and volume of transactions being made. Mobile money has become a go-to tool for everything from business payments to remittances, contributing to the continued growth of interoperability transactions.
With mobile money now firmly embedded in Ghana’s financial ecosystem, interoperability transactions are expected to keep rising. This growth signifies a crucial step in Ghana’s goal of increasing financial inclusion, ensuring that more citizens can access secure, efficient, and convenient payment solutions.
