Monday, 17 June

2023: Mobile money transactions hit ¢264.1bn in first two months

Business
Momo transactions

In the first two months of 2023, the total value of mobile money transactions was ¢264.1 billion.

According to the March 2022 Summary of Economic and Financial Data published by the Bank of Ghana, the figure represents about 72.6% growth year-on-year.

Per the date, mobile money transaction in January 2023 was estimated at ¢130.1 billion, compared with ¢76.2 billion during the same period in 2022.

It rose to ¢134.0 billion in February 2023 as against ¢76.5 billion during the same period in 2022.

Mobile money transactions hit ¢1.07trn in 2022 from ¢902.5bn of 2021 despite e-levy

A total of ¢1.07 trillion mobile money transactions took place in 2022, according to the January 2022 Summary of Economic and Financial Data by the Bank of Ghana.

It was ¢902.5 billion in 2021.

In January, it was ¢76.2 billion compared to ¢67.1 billion in 2021.

In February, it was ¢76.8 billion compared to ¢67.9  billion in 2021.

For March, it increased from ¢82.3 billion in 2021 to   ¢90.5 in 2022.

In April, the transactions jumped from ¢83.8 billion in 2021 to ¢87.7 billion in 2022.

In May, when the electronic levy started being implemented, it declined from ¢86.5 in 2021 to ¢71.4 billion in 2022.

In June, it declined from ¢89.1 billion of 2021 to ¢77.4 billion in 2022.

In July, it declined from ¢99.1 billion of 2021 to ¢77.2 billion in 2022.

In August, it jumped from ¢81.8 billion of 2021 to¢87.1 billion in 2022.

In September, it jumped from ¢81.0 billion of 2021 to ¢88.8 billion in 2022.

In October, it jumped from ¢80.0 billion of 2021 to  ¢100.2 billion in 2022.

In November, it rose from ¢82.0 billion of 2021 to  ¢117.0 billion in 2022.

December saw the highest jump from ¢82.9 billion in 2021 to ¢122.0 billion in 2022.

Source: Classfmonline.com