Payment methods in Ghana
Mobile money usage reaches 59.7% of adults, with 74.1 million registered accounts as of early 2025.
Market takeaways
- Mobile money usage reaches 59.7% of adults, with 74.1 million registered accounts as of early 2025.
- Ghana recorded 8.1 billion mobile money transactions in 2024, up 18.9% from 2023.
- Internet banking transactions surged 114.9% to GH¢212 billion in 2024.
- Approximately 22% of Ghanaian adults borrow from mobile money providers (World Bank Findex 2025).
- Ghana's Mobile Money Interoperability (MMI) system allows transfers across all networks and banks from a single platform.
Population
~34M
Online population
~22M
Banked population
~58%
Mobile Money Penetration
~59.7% of adults
Credit card population
~3%
Payment method breakdown
- Mobile Money60%
- Cash25%
- Card8%
- Bank Transfer5%
- Other2%
Card scheme breakdown
- Visa55%
- Mastercard40%
- Local Schemes5%
- Other0%
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Ghana
Popular options based on coverage and prominence in this market.
Vodafone Cash / AirtelTigo Money
Competing mobile money platforms that together hold the remaining ~27% of Ghana's mobile money market. All three networks are interoperable via Mobile Money Interoperability (MMI), enabling cross-network transfers.
MTN Mobile Money (MoMo)
MTN MoMo is Ghana's dominant mobile money service, holding 73% of the mobile money market. It enables P2P transfers, merchant payments, bill payments, airtime top-up, and savings/loans. Accessible via USSD (*170#) and the MTN MoMo app.
GhIPSS Instant Pay (GIP)
GIP enables real-time account-to-account transfers between banks and between banks and mobile money wallets. It underpins internet banking and mobile banking applications across Ghana's commercial banks.
Mobile Money Interoperability (MMI)
MMI allows users of any mobile money network to send money to users on any other network or bank account seamlessly. Ghana was among the first countries in Africa to achieve full mobile money interoperability, significantly boosting adoption.
All payment methods in Ghana
Discover 4 payment methods from around the world
Featured banks in Ghana
Major institutions operating in this market.
Standard Bank South Africa
Johannesburg, South Africa
Standard Bank is Africa's largest bank by assets, offering retail, SME, corporate, investment, and private banking across 20 African countries.
Firstrand (FNB / RMB / WesBank)
Johannesburg, South Africa
FirstRand is South Africa's second-largest banking group, comprising FNB (retail/SME), RMB (investment banking), and WesBank (vehicle finance).
Absa Group South Africa
Johannesburg, South Africa
Absa (formerly Barclays Africa) is South Africa's fourth-largest bank, offering retail, SME, corporate, and investment banking across Africa.
GTBank (Guaranty Trust Holding)
Lagos, Nigeria
GTBank (now GTCO Holdings) is one of Nigeria's leading banks, known for digital innovation and strong retail and corporate banking.
Access Bank Nigeria
Lagos, Nigeria
Access Bank is Nigeria's largest bank by customer base, following its merger with Diamond Bank, offering retail, SME, and corporate banking across Africa.
Zenith Bank Nigeria
Lagos, Nigeria
Zenith Bank is Nigeria's largest bank by assets, offering retail, SME, corporate, and investment banking, with operations across Africa.
