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Mobile Money accounts with banks surge to GH¢18.69bn in March 2024

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The 2024 Fintech Sector Report released by the Bank of Ghana has revealed significant growth in mobile money accounts with commercial banks, reaching GH¢18.69 billion cedis by the end of March 2024. This represents a 7.5% increase over the previous month and the highest balance on a float in the past 14 months. The report highlights the growing adoption of mobile money services, with total transactions reaching GH¢576 billion in the first quarter of 2024, a 33.4% increase year-on-year. The volume of transactions also rose by 21.6% to GH¢1.86 billion during the same period. The number of registered customer accounts...
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