Ghana’s mobile money sector continued its strong expansion in August 2026, with the total value of transactions reaching GH¢518.8 billion, according to the latest data from the Bank of Ghana.

The figure, contained in the central bank’s September 2026 Summary of Economic and Financial Data, marks a significant increase from the GH¢354.1 billion recorded in August 2025.

Year-on-year, the value of mobile money transactions therefore increased by about 46.5%, highlighting the growing reliance on digital financial services for payments, transfers and other transactions.

The sector also recorded further growth compared with the previous month. Mobile money transactions were valued at GH¢509.4 billion in July 2026, meaning August’s figure represented an increase of GH¢9.4 billion.

The number of transactions processed through mobile money platforms also rose during the period. The Bank of Ghana recorded 1.046 billion transactions in August, compared with 969 million in July.

The expansion in transaction activity has been accompanied by growth in the mobile money ecosystem. By August, the number of registered mobile money accounts had reached 85.8 million, while active accounts stood at 26.4 million.

The agent network supporting mobile money services also expanded. Active agents increased from 550,000 in July to 594,000 in August, potentially improving access to cash-in, cash-out and other mobile financial services across the country.

Mobile money float also recorded a modest increase during the month. The balance stood at GH¢39.8 billion in August, compared with GH¢39 billion in July.

The latest figures demonstrate the scale of digital payment activity in Ghana, with mobile money continuing to serve as an important channel for individuals and businesses conducting financial transactions.

The Bank of Ghana defines active mobile money accounts as accounts that have conducted at least one transaction during the 90 days preceding the reporting period. Active mobile money agents are those that have conducted at least one transaction within the preceding 30 days.