Mobile Money Transactions Hit GH¢447bn in February 2026
By Praisebell Rosemond Larbi
Ghana’s mobile money ecosystem continues its rapid expansion, with transaction values reaching GH¢447.4 billion in February 2026, underscoring the platform’s growing dominance in the country’s digital payments landscape.
According to the latest Summary of Economic and Financial Data released by the Bank of Ghana on March 17, 2026, the figure represents a significant year-on-year increase from GH¢316.2 billion recorded in February 2025.
The data highlights the sustained shift toward digital financial services, as mobile money cements its role as a critical tool for payments, remittances, and financial inclusion across Ghana.
Strong Growth Despite Monthly Moderation
In terms of transaction volume, mobile money platforms processed 899 million transactions in February 2026. While this marks a slight decline from the 949 million recorded in January and the peak of 982 million in December 2025, it still represents strong growth compared to the 698 million transactions recorded in February last year.
Analysts attribute the month-on-month dip to seasonal factors, noting that the broader trend remains firmly upward.
Agent Network Deepens Reach
The infrastructure supporting mobile money services has also expanded significantly.
The number of registered agents rose to 976,000 in February 2026, up from 896,000 a year earlier. More notably, active agents, those consistently facilitating transactions increased to 515,000 from 411,000 over the same period.
This growth signals deeper penetration of mobile financial services, particularly at the community level, where agents serve as the primary interface for users.
Rising Float Balances Reflect Increased Usage
Balances held in mobile money float accounts stood at GH¢33.9 billion in February 2026. Although this represents a slight dip from GH¢35.6 billion in January, it is significantly higher than the GH¢27.9 billion recorded in February 2025.
The rise in float balances reflects increased usage and trust in mobile money platforms as a store of value and medium of exchange.
Interoperability Gains Momentum
Interoperability allowing seamless transactions across different mobile money networks continues to gain traction.
The value of interoperability transactions reached GH¢4.9 billion in February 2026, up from GH¢2.9 billion in the same period last year. Transaction volumes also increased to 27.2 million from 19.7 million.
This growth highlights improving efficiency within Ghana’s digital payments ecosystem, making it easier for users to transact across networks.
Account Growth Signals Financial Inclusion Gains
Mobile money account penetration continues to deepen, with registered accounts rising to 81.8 million in February 2026, compared to 81.2 million in January.
Active accounts, those used at least once within a 90-day period stood at 26.5 million, reflecting a substantial base of regular users engaged in digital financial transactions.
The expansion in both registered and active accounts underscores mobile money’s critical role in advancing financial inclusion, particularly among the unbanked and underserved populations.
Broader Financial Market Context
The mobile money surge comes amid broader positive signals in Ghana’s financial sector.
Data from the central bank also shows easing inflation trends, evolving interest rate dynamics, and strong capital market performance. The Ghana Stock Exchange Composite Index, for instance, recorded an impressive year-to-date growth of 46.7% as of February 2026, with total market capitalisation rising to GH¢235.7 billion.
Outlook
The February figures reaffirm mobile money’s central role in Ghana’s financial ecosystem, driving digital payments, enhancing financial access, and supporting economic activity.
While transaction volumes may experience short-term fluctuations, the long-term trajectory points to continued growth, supported by expanding infrastructure, increasing interoperability, and rising user adoption.
As Ghana deepens its digital transformation agenda, mobile money is expected to remain a cornerstone of the country’s payment systems and financial inclusion strategy.
