Mobile money platforms processed transactions worth about GH₵4.54 trillion in 2025, far exceeding traditional payment channels and reinforcing their dominance in Ghana’s payments system as businesses and consumers increasingly rely on digital wallets for everyday commerce, central bank data show.
The figure is derived from monthly mobile money transaction values published by the Bank of Ghana for the full year. The central bank reports the data in billions of cedis, with the annual total of GH₵4,538.7 billion rounded to GH₵4.54 trillion for ease of understanding in business reporting.
Monthly transaction values rose steadily through the year, increasing from GH₵333.0 billion in January to a record GH₵518.4 billion in December, reflecting growing use across retail payments, merchant transactions and peer-to-peer transfers.
By comparison, traditional payment instruments handled significantly lower values over the same period. Cheque transactions totaled about GH₵415 billion in 2025, while instant bank transfers through the GhIPSS Instant Pay platform amounted to roughly GH₵712 billion. Internet banking transactions reached about GH₵383 billion, and Automated Clearing House payments, including direct credits and debits, totaled approximately GH₵143 billion.
Taken together, traditional and bank-based payment channels processed just over GH₵1.6 trillion in 2025, little more than a third of the value handled by mobile money alone, underscoring a structural shift in how payments are conducted in Ghana.
For businesses, the data show mobile money has moved beyond a convenience tool to become core operating infrastructure. Small and medium-sized firms increasingly rely on mobile wallets to receive customer payments, settle with suppliers and manage short-term liquidity, while larger companies make greater use of instant bank transfers for higher-value settlements.
The figures also point to areas that require improvement. Despite its scale, mobile money interoperability remains limited relative to total transaction values, and businesses continue to face challenges related to transaction costs, settlement frictions and limited access to credit linked to wallet histories.
Mobile money remained the backbone of commercial activity, processing trillions of cedis in flows and anchoring Ghana’s shift toward a more digital payments economy.
