Mobile money (MoMo) transactions in Ghana rose to a record GH¢518.4 billion in December 2025, reflecting the deepening reliance on digital payments, the Bank of Ghana (BoG) has reported.
The figure, published in the BoG’s Summary of Economic and Financial Data, represents the highest monthly value recorded for 2025, driven largely by heightened consumer spending during the festive season and the continued expansion of mobile money services.
Transaction volumes increased to 982 million in December, up from 892 million in November, indicating stronger usage across the digital payments ecosystem.
Active mobile money accounts grew to 26.7 million in December from 25.5 million a month earlier, while registered accounts rose to 80.5 million, underscoring sustained progress in financial inclusion.
The BoG data further showed that the mobile money agent network expanded to 491,000 active agents by the end of December 2025, improving access to services nationwide.
Balances held in mobile money wallets climbed to GH¢39.6 billion, the highest level recorded during the year, suggesting increased confidence in mobile wallets as a store of value.
Interoperable mobile money transactions also strengthened, with values rising to GH¢5.8 billion in December, compared with GH¢4.9 billion in November, supported by higher cross-network transfers during the holiday period.
Meanwhile, traditional payment instruments continued to account for a smaller share of transactions. Cheque payments totalled GH¢37.3 billion in December, while electronic payment platforms such as GhIPSS Instant Pay recorded GH¢73.3 billion for the month.
The BoG noted that the data reaffirmed mobile money’s role as the backbone of Ghana’s retail payments system, with seasonal spending patterns, growing smartphone usage and an expanding agent network expected to sustain growth into 2026.
