- Momo Transactions Hit GH¢493.2bn in April as Digital Finance Activity Strengthens
Ghana’s mobile money ecosystem sustained strong growth in April 2026, with transaction value rising to GH¢493.2 billion, underscoring the deepening role of digital finance in payments, commerce and household transactions.
According to the Bank of Ghana’s May 2026 Summary of Economic and Financial Data, mobile money transaction value increased from GH¢365.0 billion in April 2025 to GH¢493.2 billion in April 2026, representing a rise of about 35.1 per cent over the period.
The number of mobile money transactions also increased from 778 million in April 2025 to 967 million in April 2026, showing that both the value and frequency of digital transactions continue to expand across the economy.
The data suggest that mobile money is no longer simply a retail payment tool but a central part of Ghana’s financial infrastructure, supporting person-to-person transfers, merchant payments, informal trade, utility payments, savings behaviour and small business transactions.
Registered mobile money accounts rose steadily from 75.2 million in April 2025 to 83.0 million in April 2026, while active accounts increased from 24.2 million to 26.0 million over the same period. ‘Active accounts’ are defined as accounts that have transacted at least once within the 90 days prior to reporting.
The agent network also expanded. Registered agents increased from 911,000 in April 2025 to 992,000 in April 2026, while active agents rose from 414,000 to 534,000. This points to a stronger distribution network and wider physical access to digital financial services, particularly in communities where bank branches remain limited.
The balance on float, which reflects funds held in mobile money wallets, also climbed from GH¢28.2 billion in April 2025 to GH¢36.7 billion in April 2026. This indicates that mobile wallets are increasingly being used not only for transfers, but also as short-term stores of value.
Mobile money interoperability also remained strong. Transaction value rose from GH¢4.0 billion in April 2025 to GH¢5.8 billion in April 2026, while the number of interoperability transactions increased from 23.1 million to 31.7 million. This shows growing use of cross-network transfers and a more integrated digital payments ecosystem.
The April 2026 data also shows that mobile money activity remains far larger than traditional cheque transactions. Cheque transaction value stood at GH¢36.6 billion in April 2026, compared with the mobile money transaction value of GH¢493.2 billion. This sharp difference highlights the scale of Ghana’s shift toward mobile-led payments.
The performance is also significant when viewed against Ghana’s broader digital payments landscape. GhIPSS Instant Pay recorded a transaction value of GH¢79.0 billion in April 2026, while internet banking transactions reached GH¢42.0 billion. Mobile money, however, remained the dominant payment channel by value and volume.
