Sunday, May 25, 2025
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

Mobile Money transactions for April declined by 3%- BOG Report

May 23, 2022

The Bank of Ghana (BoG) Summary of Economic and Financial Data for May 2022, which was released on Friday has disclosed that in the month preceding the implementation of the Electronic-Levy, the total value of Mobile Money transactions reduced by a 3 per cent margin from GH¢90.5 billion in March to GH¢87.7 billion in April.

Per the data released by the central bank, the drop was recorded despite an increase in the number of registered mobile money accounts.

RelatedPosts

‘Cedi’s appreciation also stems from former appointees spending hoarded funds’ – Analyst

Bank of Ghana appoints three new advisors

AMA launches ‘Operation Red Line’ to regulate street trading, pedestrian movement

The data shows that it moved from 49.9 million in March to 50.2 million in April with about 18.6 million active accounts.

The data said that the total number of Mobile Money transactions had also decreased by 2.4 per cent from 413 million in March to 403 million in April.

At the end of April 2022, the report indicated 611,000 registered agents with about 454,000 active agents in the country.

Data on Mobile Money interoperability, which is the platform that allows the transfer of funds from one mobile money wallet to another across the different networks also showed that transaction values had increased from GH¢2.8 billion in March to GH¢3.3 billion in April.

The data further revealed that the total number of transactions had increased from 12.8 million in March to 14.2 million in April.

On a year-on-year basis, the total number of mobile money transactions increased to about 20 per cent from 323 million in April 2021 to 403 million in April 2022.

Meanwhile, the total value of transactions relatively increased by 4.4 per cent from GH¢83.8 billion in 2021 to GH¢87.7 billion in April 2022.

According to the report, mobile money accounts increased by 7.5 per cent as there were 42.1 million accounts in April of 2021 compared to 50.2 million in April this year.

Active mobile money accounts increased by 7.5 per cent from 17.2 million in April 2021 to 18.6 million in April 2022, the report added.

By: Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

obiri

‘Cedi’s appreciation also stems from former appointees spending hoarded funds’ – Analyst

May 24, 2025
Advisors-1140x570

Bank of Ghana appoints three new advisors

May 21, 2025
red lines

AMA launches ‘Operation Red Line’ to regulate street trading, pedestrian movement

May 21, 2025

Appreciation of the Cedi we’re currently witnessing occasioned by deliberate policy interventions – Gyamfi

May 21, 2025
Screenshot_20250519-211723

No asset of SSNIT will be sold, Director General assures

May 20, 2025
Mahama-848x424

Cedi appreciation due to robust foreign exchange inflows and deliberate policy measures – Mahama

May 20, 2025

Recent News

obiri

‘Cedi’s appreciation also stems from former appointees spending hoarded funds’ – Analyst

May 24, 2025
WOMAN

Ugandan activist alleges she was raped while in Tanzanian detention

May 24, 2025
Screenshot_20250524-115904

Police arrest suspect for unlawful possession of weapons

May 24, 2025
Screenshot_20250524-112351

TPMC set to clamp down on traditional medicine practitioners breaching the law

May 24, 2025
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023

Hello world!

obiri

‘Cedi’s appreciation also stems from former appointees spending hoarded funds’ – Analyst

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

obiri

‘Cedi’s appreciation also stems from former appointees spending hoarded funds’ – Analyst

May 24, 2025
WOMAN

Ugandan activist alleges she was raped while in Tanzanian detention

May 24, 2025
Screenshot_20250524-115904

Police arrest suspect for unlawful possession of weapons

May 24, 2025
Screenshot_20250524-112351

TPMC set to clamp down on traditional medicine practitioners breaching the law

May 24, 2025

Stay Connected test

  • 139 Followers
  • 20.2k Followers
  • 204k Subscribers
  • 23.9k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version