Ghanaians use MoMo for transactions than cheque - BoG report

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Pulse-gh Oct. 1, 2021 1:43 a.m.

Ghanaians use MoMo for transactions than cheque - BoG report

According to the data from the Bank of Ghana, the value of mobile money transactions in January, February, March, April, May, June, July and August 2021 were estimated at¢67.1 billion, ¢67.9 billion, ¢82.3 billion, ¢83.8 billion, ¢86.5 billion, ¢89.1 billion, ¢99.1 billion and ¢81.8 billion respectively.

Cheque transactions in January, February, March, April, May, June, July and August 2021 were estimated at ¢17.0 billion, ¢15.5 billion, ¢18.3 billion, ¢17.5 billion, ¢15.7 billion, ¢17.9 billion, ¢16.4 billion and ¢16.4 billion in January, February, March, April, May, June, July and August 2021 respectively.

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