There has been a substantial increase in the amount of funds in mobile money accounts in Ghana between June last year and June this year. The increase in funds was from GH¢3 billion to GH¢4.5 billion while the number of active mobile money accounts increased from 12.9 million to 15.5 million. These changes have been attributed to the effect of the covid-19 pandemic.
We posted findings earlier from the covid-19 business tracker that showed businesses reporting using more digital technology in their businesses use.
The increase in the use of digital payments such as mobile money has us wondering about financial inclusion and the proportion of the population that has access to mobile money.