Mobile money is increasingly becoming more than a payment platform for Ghanaians, with the total value of funds held in mobile wallets reaching a record GH¢40 billion in June 2026.
The latest payment systems data from the Bank of Ghana shows that mobile money float increased from GH¢28.9 billion in June 2025 to GH¢40 billion in June 2026, representing an annual growth of more than 38 percent.
The development points to a shift in how households, informal businesses and small enterprises manage their money, with more users choosing to keep funds in digital wallets rather than immediately converting them into cash.
The growing balances also reflect increasing confidence in mobile financial services as cashless payments become more integrated into everyday economic activity.
The wider mobile money ecosystem recorded significant growth during the period under review.
Registered mobile money accounts rose to 84.6 million in June 2026, up from 76.4 million a year earlier, while active accounts increased to 26.4 million.
Transaction volumes also remained strong, with mobile money platforms processing 954 million transactions valued at GH¢492.9 billion during the month.
The transactions covered a wide range of activities, including person-to-person transfers, merchant payments, bill payments, salary disbursements and remittances.
The industry’s agent network also expanded, with registered mobile money agents surpassing the one-million mark for the first time to reach 1.016 million.
Active agents stood at 546,000, strengthening access to digital financial services across urban centres and underserved communities.
Interoperability between mobile money platforms also continued to grow, as users conducted 33 million cross-network transactions worth GH¢6.2 billion during the month.
The figures highlight the expanding role of mobile money in Ghana’s financial system, with digital wallets increasingly serving as channels for payments, business transactions, savings and the storage of funds.
With wallet balances, user numbers and transaction values continuing to rise, mobile money is expected to remain a key driver of financial inclusion and Ghana’s transition towards a more digitally driven economy.
