Mobile Money transactions in 2 months of 2023 hit ¢264.1bn
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The total value of Mobile Money transactions in the first two months of 2023 hit ¢264.1 billion, about 72.6% growth year-on-year.
This significant growth shows that Mobile Money transactions is hitting record highs despite the Electronic Transaction Levy (E-Levy).
In the first two months of 2022, total Mobile Money Transactions stood at 153 billion
According to the March 2022 Summary of Economic and Financial Data by the Bank of Ghana, 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 further to ¢134.0 billion in February 2023. This is against ¢76.5 billion during the same period in 2022.
Total Mobile Money transactions hit record ¢1.07trn in 2022
In 2022, total Mobile Money transactions hit a record ¢1.07 trillion.
This is compared with about ¢902.5 billion recorded in 2022
According to the data, the biggest transactions occurred in December 2022 and November 2022, whereby ¢122 billion and ¢117 billion respectively were recorded.
There were fears that the implementation of the E-Levy in May 2022 was going to affect Mobile Money transactions, but that was not the case.
From the data, Mobile Money transactions have been surging since the implementation of E-levy in May 2022.
-Joy
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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