The total value of Momo transactions in the first quarter of 2024 was GH¢ 576 billion.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Mobile money transactions within the first quarter of 2024 have been valued at GH¢ 576 billion ($40.4bn) by the Bank of Ghana (BoG).

This is some 33.4 percentage points higher than the GH¢ 374.8 billion ($26.2bn) mobile money transactions value recorded same period last year.

Per the BoG’s FinTech Report for Q1 2024, the volume of mobile money transactions within the first three months of the year was 1.86 billion, a 21.6 percentage points higher than the 1.53bn volume of transactions recorded at end-Q1 2023.