Ghanaians are keeping more money in their mobile money wallets than ever before, with balances reaching a record GH¢40 billion in June 2026, reflecting the growing reliance on digital financial services across the country.
Latest payment systems data from the Bank of Ghana (BoG) shows that mobile money float balances increased from GH¢28.9 billion in June 2025 to GH¢40 billion in June 2026, representing a year-on-year growth of more than 38 per cent.
The significant increase suggests that mobile money wallets are evolving beyond their traditional use for transfers and payments, becoming an important financial tool for households, informal businesses and small enterprises.
The development also points to changing financial habits, with more Ghanaians choosing to keep funds digitally for daily transactions, business operations and emergency needs rather than immediately converting them into cash.
The growth of mobile money usage was also reflected in the number of registered and active accounts.
Registered mobile money accounts increased from 76.4 million in June 2025 to 84.6 million in June 2026, while active accounts rose to 26.4 million, indicating continued adoption of digital financial services.
Transaction volumes remained strong, with mobile money platforms recording 954 million transactions worth GH¢492.9 billion in June alone.
The transactions covered a wide range of activities, including merchant payments, salary payments, bill settlements, remittances and person-to-person transfers.
The mobile money agent network also expanded significantly, with registered agents exceeding one million for the first time, reaching 1.016 million, while active agents stood at 546,000.
The growth in agent numbers is expected to improve access to digital financial services, particularly in rural and underserved communities.
Meanwhile, interoperability among mobile money platforms continued to gain traction, with users conducting 33 million cross-network transactions valued at GH¢6.2 billion during the month.
The figures highlight the increasing importance of mobile money in Ghana’s financial ecosystem, not only as a payment platform but also as a tool for savings, commerce and financial inclusion.
With rising wallet balances, transaction volumes and user numbers, mobile money is expected to remain a key driver of Ghana’s transition towards a more digital economy.
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