June 18, 2024
P.O.Box 613ER Gombilla House, Lamashegu Market, Tamale, Northern Region

Mobile money transactions hit ¢550.4bn in first 4 months of 2023

Mobile money transactions totalled ¢550.4 billion for the first four months of 2023, according to the May 2022 Summary of Economic and Financial Data from the Bank of Ghana.

It surpassed the ¢331.2 billion recorded within the same period in 2022. It represents a 66.2% year-on-year growth.

In the first two months of 2023, the total value of mobile money transactions was ¢264.1 billion.

According to the March 2022 Summary of Economic and Financial Data published by the Bank of Ghana, the figure represents about 72.6% growth year-on-year.

Per the data, mobile money transactions in January 2023 were estimated at ¢130.1 billion, compared with ¢76.2 billion during the same period in 2022.

It rose to ¢134.0 billion in February 2023 as against ¢76.5 billion during the same period in 2022.

It then rose to ¢147.5 billion in March 2023 relative to ¢90.5 billion in March 2022, according to the May data.

A total of ¢1.07 trillion mobile money transactions took place in 2022, according to the January 2022 Summary of Economic and Financial Data by the Bank of Ghana.

It was ¢902.5 billion in 2021.

In January, it was ¢76.2 billion compared to ¢67.1 billion in 2021.

In February, it was ¢76.8 billion compared to ¢67.9 billion in 2021.

For March, it increased from ¢82.3 billion in 2021 to ¢90.5 in 2022.

In April, the transactions jumped from ¢83.8 billion in 2021 to ¢87.7 billion in 2022.

In May, when the electronic levy started being implemented, it declined from ¢86.5 in 2021 to ¢71.4 billion in 2022.

In June, it declined from ¢89.1 billion in 2021 to ¢77.4 billion in 2022.

In July, it declined from ¢99.1 billion in 2021 to ¢77.2 billion in 2022.

In August, it jumped from ¢81.8 billion in 2021 to¢87.1 billion in 2022.

In September, it jumped from ¢81.0 billion in 2021 to ¢88.8 billion in 2022.

In October, it jumped from ¢80.0 billion in 2021 to ¢100.2 billion in 2022.

In November, it rose from ¢82.0 billion in 2021 to ¢117.0 billion in 2022.

December saw the highest jump from ¢82.9 billion in 2021 to ¢122.0 billion in 2022.

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