The January 2024 Summary of Economic and Financial Data by the Bank of Ghana shows that total mobile money transactions hit a record high of ₵1.912 trillion in 2023.
In the first 10 months of 2023, the total Mobile Money transactions had reached a record ₵1.527 trillion compared with ₵1.07 trillion in 2022. The figures from the Bank of Ghana showed that December 2023 recorded the biggest mobile money transaction value of ₵199.3 billion.
The data also revealed that total mobile money transactions surged consistently from January 2023 to December 2023.
All 12 months recorded more than ₵100 billion.
Despite the impressive performance of mobile money, it is unclear whether government met the Electronic Transfer Levy (E-Levy) target for 2023.
| MONTH | 2022 (BILLION) | 2023 (BILLION) |
| January | ¢76.2 | ¢130.1 |
| February | ¢76.5 | ¢134.0 |
| March | ¢90.5 | ¢147.5 |
| April | ¢87.7 | ¢138.8 |
| May | ¢71.4 | ¢159.7 |
| June | ¢77.4 | ¢149.4 |
| July | ¢89.1 | ¢169.6 |
| August | ¢87.1 | ¢161.8 |
| September | ¢88.8 | ¢157.0 |
| October | ¢100.2 | ¢179.2 |
| November | ¢185.9 | |
| December | ¢199.3 | |
| TOTAL | ¢1.07 trillion | ¢1.912 trillion |