2016 Ghana Banking Survey

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2016 Ghana Banking Survey

Seven years after the launch of the first mobile money solution in Ghana, the service can be said to be a game changer in the country's financial industry

Mobile money solutions in Ghana started in year 2009. Some years after several publications have proven that the service has risen tremendously of which a recent publication by the Bank of Ghana sums it all up indicating that the value of mobile transactions in 2015 was GHS35.4b, up from GHS11.2b in 2014.This vividly shows a meteoric rise that proves the acceptance of the service and shows its relevance in attaining a cashlite economy in Ghana.

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