The Bank of Ghana, in its latest Summary of Economic and Financial Data, says mobile money (MoMo) transactions in Ghana surged to a record GH¢518.4 billion in December 2025, highlighting the growing dominance of digital payments in the financial system.
The December outturn marked the highest monthly transaction value recorded in 2025, buoyed by heightened consumer spending during the festive season and the continued expansion of mobile money usage nationwide.
Transaction volumes rose to 982 million in December, up from 892 million in November, reflecting increased spending activity and broader adoption of digital payment platforms.
Active mobile money accounts also grew significantly, rising to 26.7 million in December from 25.5 million in the previous month.
The number of registered accounts increased to 80.5 million, underscoring sustained gains in financial inclusion across the country.
The mobile money agent network expanded further, with 491,000 active agents recorded by the end of the year, improving access and convenience for users across urban and rural areas.
Balances held in mobile money wallets climbed to GH¢39.6 billion, the highest level recorded in 2025 signaling stronger liquidity in the digital payments ecosystem and growing confidence in mobile wallets as a reliable store of value.
Interoperable mobile money transactions also strengthened, with transaction values rising to GH¢5.8 billion in December from GH¢4.9 billion in November, driven largely by increased cross-network transfers during the holiday period.
Meanwhile, traditional payment instruments continued to lag behind. Cheque transactions totaled GH¢37.3 billion in December, far below mobile money values, while electronic payment platforms such as GhIPSS Instant Pay recorded GH¢73.3 billion in transaction value for the month.
Overall, the data reinforces mobile money’s position as the backbone of Ghana’s retail payments system, with festive-season spending, rising smartphone penetration and continued agent network expansion expected to sustain growth into 2026.
