Ghana’s mobile money revolution continues to break records, with the value of transactions hitting a staggering GH¢447.4 billion in February 2026. The latest data from the Bank of Ghana underscores the platform’s cemented role as the nation’s premier channel for digital payments and a key driver of financial inclusion.
The central bank’s Summary of Economic and Financial Data, released on March 17, paints a picture of robust, year-on-year growth. The February figure represents a dramatic leap from the GH¢316.2 billion recorded during the same month in 2025, highlighting the accelerating shift toward cashless transactions.
While the 899 million transactions processed in February showed a slight moderation from the 949 million in January and the festive peak of 982 million in December 2025, the annual comparison reveals a powerful underlying trend—transaction volumes are up sharply from 698 million in February of the previous year.
Agent Network Fuels Grassroots Growth
The physical infrastructure supporting this digital economy is expanding in tandem. The Bank of Ghana report shows the number of registered mobile money agents has grown to 976,000, up from 896,000 in February 2025. More importantly, the number of active agents—those consistently facilitating transactions for customers—has surged to 515,000 from 411,000 over the same period, signaling deep and growing engagement at the community level.
The total value held in mobile money float accounts stood at GH¢33.9 billion in February. While this is a slight dip from January’s GH¢35.6 billion, it remains substantially higher than the GH¢27.9 billion recorded in February 2025, indicating sustained public trust in the system as a store of value.
Interoperability and Account Penetration on the Rise
The seamlessness of Ghana’s digital payments ecosystem is also improving. Transactions sent between different mobile money networks via the interoperability platform hit a value of GH¢4.9 billion in February, nearly doubling from GH¢2.9 billion a year earlier. The volume of these cross-network transactions also climbed to 27.2 million, up from 19.7 million.
Furthermore, the reach of mobile money continues to deepen. Registered mobile money accounts inched up to a record 81.8 million in February. The number of active accounts—defined by the central bank as those with at least one transaction in the preceding 90 days—held steady at a substantial 26.5 million, reflecting a massive base of regular users.
A Pillar of a Broader Economic Story
The mobile money data arrives against a backdrop of improving macroeconomic conditions. The Bank of Ghana’s update also highlighted declining inflation, interest rate movements, and a stellar performance by the Ghana Stock Exchange, where the GSE Composite Index has grown by an impressive 46.7% year-to-date as of February.
The February figures reaffirm that mobile money is not just a payment method but a fundamental pillar of Ghana’s evolving financial landscape, driving inclusion and adapting to seasonal usage patterns while maintaining an unmistakable trajectory of long-term growth.
