MoMo agent serving customers
Mobile money continues to cement its place at the heart of Ghana’s financial system, with transactions soaring to an unprecedented GH¢518.4 billion in December 2025, the highest monthly value recorded that year.
This was revealed in a report released by the Bank of Ghana.
According to the central bank, the spike in MoMo transactions was driven by festive season spending and the growing reliance on digital payments in Ghana.
Transaction volumes rose to 982 million in December, up from 892 million in November, showing how deeply mobile money has become woven into everyday life.
Active accounts increased sharply to 26.7 million compared to 25.5 million in November, while registered accounts climbed to 80.5 million, reflecting Ghana’s steady progress in financial inclusion.
The agent network also expanded significantly, reaching 491,000 active agents by the end of the year, ensuring mobile money services were accessible to millions across the country.
Cedi falls by 2 pesewas, trading at GH¢10.92 to the dollar.
Balances held in mobile money wallets hit GH¢39.6 billion, the highest level in 2025, pointing to growing trust in mobile wallets not only as a payment tool but also as a safe store of value.
Interoperable transactions, or cross-network transfers, gained momentum as well, rising to GH¢5.8 billion in December from GH¢4.9 billion in November, boosted by holiday season transfers across different platforms.
In contrast, traditional payment methods continued to decline in relevance.
Cheque transactions amounted to GH¢37.3 billion in December, while GhIPSS Instant Pay recorded GH¢73.3 billion.
These figures pale in comparison to mobile money’s dominance, underscoring its role as the backbone of Ghana’s retail payments system.
With smartphone penetration rising, agent networks expanding, and consumer confidence growing, mobile money is expected to maintain its upward trajectory into 2026, reshaping how Ghanaians spend, save, and transfer money.
