Mobile money transactions in the country between October 2019 and October 2020, has increased by Ghs 29.6 billion.
Mobile money transactions in October 2019 reached Ghs 28.4 billion, a year later, value of mobile money transactions has reached Ghs 58 billion.
Total number of transactions for the period under review, increased to 278 million in October 2020 from some 188 million transactions recorded in October 2019.
With regards to interoperability – the transfer of money across mobile networks – transactional value also increased from Ghs 101 million in October 2019 to Ghs 785 million in October 2020.
Mobile money interoperability transactions also increased from 1.3 million to 5.1 for the period under review.
Meanwhile, according to the November 2020 Economic and Financial Data Report released by the Central Bank, total number of registered mobile money accounts saw an increase of some 5.6 million, bringing the total number of registered mobile money accounts to 36.9 million.
Out of the total figure, only 16.9 million registered mobile money accounts are however, active.
The report also indicated that, total number of registered mobile money agents in the country has increased from 289,000 in October last year to 402,000 in October this year.