The Bank of Ghana (BoG) has revealed that Ghanaians are keeping a record GH¢40 billion in their mobile money wallets as of June 2026, showing the rapid transformation of the country’s digital payments landscape.
It also shows how reliable the mobile financial services have become to many Ghanaians.
A payment systems data released by the BoG indicates float balances rose from GH¢28.9 billion in June 2025 to GH¢40 billion in June 2026 –a year-on-year increase of more than 38%.
This sharp rise suggests a shift from the traditional role of using mobile money as transfer and payment platforms to serving as convenient stores of value for households, informal businesses and small enterprises.
This also shows cashless transactions are continuously gaining traction in the country, reflecting a growing consumer confidence in digital financial services.
The higher balances also point to changing financial behaviour, with more Ghanaians choosing to retain funds digitally for day-to-day purchases, business operations and emergency spending rather than withdrawing cash immediately.
The broader mobile money ecosystem also continued to expand. Registered mobile money accounts increased to 84.6 million in June 2026 from 76.4 million a year earlier, while active accounts rose to 26.4 million, signalling sustained growth in the number of individuals regularly using digital financial services.
Transaction activity remained robust, reinforcing mobile money’s central role in Ghana’s retail economy.
During June alone, the central bank’s data shows platforms processed 954 million transactions with a combined value of GH¢492.9 billion, highlighting the increasing use of mobile wallets for merchant payments, salary disbursements, bill settlements, remittances and person-to-person transfers.
The industry’s distribution network also strengthened, improving financial access across the country. Registered mobile money agents exceeded the one-million mark for the first time, reaching 1.016 million, while active agents climbed to 546,000.
The expanded network is expected to further deepen financial inclusion by making digital financial services more accessible in both urban centres and underserved rural communities.
Interoperability across mobile money platforms also continued to gain momentum.
Users conducted 33 million cross-network transactions worth GH¢6.2 billion during the month, reflecting the growing convenience of transferring funds seamlessly between different mobile money providers and supporting greater efficiency within Ghana’s digital payments ecosystem.
The latest figures reinforce mobile money’s position as one of Ghana’s most significant financial infrastructure developments.
Beyond facilitating payments, the platform is increasingly becoming an essential channel for savings, commerce and financial inclusion.
