The Mobile Money Advocacy Group Ghana (MoMAG) has praised the rapid expansion of mobile money usage in Ghana, following new data showing that total transaction values surged to an all-time high of GH¢518.4 billion by December 2025, representing a 55 per cent year-on-year growth.
In a statement issued in Accra on Wednesday, MoMAG attributed the milestone to strong collaboration between the Bank of Ghana, mobile network operators, security agencies and the country’s vast network of mobile money agents.
“This 55 per cent year-on-year jump confirms that digital payments have become the preferred way Ghanaians pay, save and do business,” the group said, saluting what it described as a structural shift in the national payments ecosystem.
The advocacy group noted that the growth builds on trends identified in the Bank of Ghana’s 2024 FinTech Sector Report, which highlighted rising mobile money transaction values, growing float balances and an increase in active wallets nationwide.
MoMAG stressed that Ghana’s progress mirrors global developments. According to the GSMA’s 2025 State of the Industry Report on Mobile Money, there are now more than 2.1 billion registered mobile money accounts worldwide, generating over US$1.68 trillion in annual transactions, with mobile money contributing an estimated 1.7 per cent of GDP in countries where it is well established.
“Ghana is firmly part of this story, and our nationwide network of mobile money agents is at the heart of it,” MoMAG said. “Agents anchor trust in the system and keep value circulating in the formal digital economy.”
The group pointed to Bank of Ghana data showing the dominance of wallet-based transactions as evidence that agents remain strategically important to sustaining growth in digital finance.
MoMAG also commended mobile money agents for powering cash-in and cash-out services, merchant payments and remittances, particularly in underserved communities.
The association reaffirmed its commitment to supporting agents and strengthening the ecosystem, describing the record transaction figures as “a collective national achievement that underscores Ghana’s leadership in digital financial services in the sub-region.”
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