Mobile money accounts hit 32.6m in Ghana

MTN set up at Adum, Kumasi during the Outreach
MTN set up at Adum

Ghana’s mobile money accounts reached 32.6 million at the end of 2018, the Bank of Ghana said in its latest statistics.

Ghanaweb reported that the balances of the accounts reached GHS 2.6 billion. Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari said recent developments suggest that mobile money technology has evolved and gained public acceptance, and in almost a decade, contributed significantly toward financial inclusion in the country. 

He also said the central bank will be strengthening mobile money operations in Ghana through the creation of an enabling environment by removing price distortions, promoting competition and protecting the interest of the consumers.

Opoku-Afari said the success of mobile money transactions in advancing financial inclusion cannot be overemphasised, but added that there is still scope for further expansion.

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