Ghana’s mobile money sector has reached a historic peak, with total transactions hitting GHC365.0 billion in April 2025—the highest ever recorded in a single month.
According to newly released economic and financial data from the Bank of Ghana, this marks a 3.8% increase from GHC351.7 billion in March, signaling renewed confidence in the country’s digital finance ecosystem.
The surge is widely attributed to the Mahama administration’s removal of the electronic transfer levy (e-levy), a policy shift that has lowered transaction costs and re-energized mobile money usage.
A significant barrier to digital transactions was eliminated with the e-levy’s abolition, prompting a sharp rise in both the volume and value of transactions. In April alone, mobile money platforms processed 778 million transactions, up from 764 million the previous month.
The growth underscores the expanding role of mobile money in promoting financial inclusion and simplifying transactions across various sectors of the economy.
Experts point to continued mobile phone adoption, a broader agent network, and the ease of mobile-based services as key factors sustaining the momentum.
With a favorable policy environment and Ghana’s digital transformation gaining pace, analysts predict the mobile money sector will continue to scale new heights in the months ahead.
