MoMo transactions in Ghana hit record GHC365 billion in April 2025

Ghana’s mobile money sector continues to show remarkable growth, with transactions hitting an unprecedented GHC365.0 billion in April 2025, according to the latest economic and financial summary released by the Bank of Ghana.

This marks a significant 3.8% increase from the GHC351.7 billion recorded in March 2025.

The April figures not only reflect a robust month-on-month growth but also represent the highest monthly transaction value recorded so far this year.

The surge is an indication of the increasing reliance on mobile money for both personal and business transactions across the country.

Alongside the jump in transaction value, the number of mobile money transactions also saw a noticeable rise—from 764 million in March to 778 million in April.

The report further reveals that the consistent uptick highlights mobile money’s critical role in deepening financial inclusion and facilitating efficient, cashless payments nationwide.

Several factors have fueled this expansion, including broader mobile phone penetration, an expanding network of mobile money agents, and the user-friendly nature of mobile financial services.

Analysts believe this upward trajectory is set to continue as Ghana’s digital economy matures and supportive regulatory frameworks remain in place.

Debt Update: Ghana’s public debt inches up

In related financial news, Ghana’s total public debt stock has also edged slightly higher, reaching $49.5 billion as of March 2025.

This represents a marginal increase from February’s $49.4 billion, despite the local cedi strengthening against the U.S. dollar.

In cedi terms, the debt rose from GH?768.1 billion to GH?769.4 billion, making up 55% of the country’s Gross Domestic Product (GDP).

While the external debt component climbed to GH?442.5 billion ($28.5bn), the domestic debt saw a modest decline, dropping from GH?328 billion to GH?326.9 billion—possibly due to reduced government interest in treasury bill issuances.

The share of external debt to GDP stood at 31.6%, while domestic debt contributed 23.4%, maintaining a relatively balanced fiscal profile amid ongoing economic shifts.

The post MoMo transactions in Ghana hit record GHC365 billion in April 2025 first appeared on 3News.

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