Data released by the Bank of Ghana has revealed that the total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024.
The figure was higher than the same period in 2023, which recorded GH¢1.031 trillion.
The September 2024 Summary of Economic and Financial Data by the Bank of Ghana explained that the value of mobile money transactions in January 2024 stood at GH¢198.4 billion but dropped to GH¢195.8 in February 2024.
It again fell slightly to GH¢181.9 billion in March 2024 but increased to GH¢203.0 billion in April 2024. It went up again to GH234.3 billion in May 2024 but fell slightly to GH224.0 billion in June 2024.
It further increased to GH¢264.9 billion in July 2024 and GH¢273.6 billion in August 2024.
| MONTH | 2023 | 2024 |
| January | 130.1bn | 198.4bn |
| February | 134.0bn | 195.8bn |
| March | 147.5bn | 181.9bn |
| April | 138.8bn | 203.0 bn |
| May | 159.7bn | 243.4bn |
| June | 149.4bn | 224.0bn |
| July | 169.6bn | 264.9bn |
| August | 161.8bn | 273.6bn |
By: Rainbowradioonline.com/Ghana
