Mobile money transaction values in Ghana climbed to a record GH¢493.2 billion in April 2026, reinforcing the growing importance of digital payments to businesses, consumers and the wider economy as fintech adoption accelerates.
Data from the Bank of Ghana showed transaction values increased from GH¢484.6 billion in March and GH¢365 billion in April 2025, marking a year-on-year rise of about 35%.
The number of mobile money transactions rose to 967 million in April from 965 million the previous month and 778 million a year earlier, highlighting sustained growth in digital commerce and electronic payments.
The expansion is expected to further reshape Ghana’s business environment, particularly for retailers, fintech companies, telecom operators and small enterprises that increasingly rely on mobile platforms for payments, transfers and customer transactions.
Rising transaction volumes indicate consumers and businesses are shifting further away from cash as mobile money becomes more embedded in everyday commercial activity, from merchant payments and salary transfers to informal trade and remittances.
Registered mobile money accounts climbed to 83 million in April from 75.2 million a year earlier, while active accounts increased to 26 million from 24.2 million, according to the central bank figures.
The growth in active usage is likely to strengthen opportunities for fintech firms and banks offering digital lending, savings, insurance and payment services, while increasing competition in Ghana’s fast-growing financial technology sector.
Interoperability transactions, which enable transfers across different mobile money networks and bank accounts, also continued to rise. Transaction values increased to GH¢5.8 billion in April from GH¢4 billion a year earlier, while transaction volumes rose to 31.7 million from 23.1 million.
The increase in interoperability is expected to reduce payment friction for businesses by making it easier to receive funds across different telecom and banking platforms, supporting broader adoption of digital commerce.
Mobile money wallet balances, known as float, climbed to GH¢36.7 billion in April from GH¢28.2 billion a year earlier, reflecting higher customer balances and deeper integration of digital financial services into the economy.
Agent networks also expanded as operators scaled distribution infrastructure. Registered agents rose to 992,000 in April from 911,000 a year earlier, while active agents increased to 534,000 from 414,000.
The figures reinforce Ghana’s position as one of Africa’s leading mobile money markets, supported by strong mobile penetration and increasing acceptance of cashless payments.
The rapid expansion is also likely to increase regulatory attention on cybersecurity, fraud prevention and financial system oversight as larger volumes of economic activity move through digital payment channels.
