Value of MoMo transactions increased from GH¢ 309bn to GH¢ 564bn in 2020 - Report

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Pulse-gh Jan. 21, 2022 11:13 a.m.

Value of MoMo transactions increased from GH¢ 309bn to GH¢ 564bn in 2020 - Report

The growth in transactional and float activity was bolstered by an 18.56% year-on-year growth of active mobile money customers from 14.46 million active customers in 2019 to 17.14million in 2020.

A Bank of Ghana Payment Systems Oversight Annual Report, 2020, indicated that strong quarterly growth was experienced throughout the year with the strongest growth achieved in the third quarter of 2020 across all the key mobile money indicators.

In 2020, the account of active agents that provided electronic money agency services to customers also increased by 45.09% from 226,298 in 2019 to 328,329 in 2020..

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