March 23, 2023
Mobile money decreased in may

Mobile Money exchanges plunged by 18.58% to ¢71.4 billion in May 2022, the period of execution of the Electronic Transaction Levy (E-Levy).

Nonetheless, in the long stretch of June 2022, the exchanges by means of Mobile Money went up to ¢77.4 billion, a 8.4% development.

As indicated by information from the Bank of Ghana, Mobile Money exchanges developed successively until April 2022 when it plunged marginally.

The Mobile Money exchanges in the initial four months of this current year were January 2022 (¢76.2 billion), February 2022 (¢76.8 billion), March 2022 (¢90.5 billion) and April 2022 (¢87.7 billion) separately.

Mobile money increase in june

Nearly to similar period in 2021, Mobile Money exchanges were assessed at January 2021 (¢67.1 billion), February 2021 (¢67.9 billion), March 2021 (¢82.3 billion) and April 2021 (¢83.8 billion) separately.

During the entire of 2021, even with the declaration of E-Levy, there were month-on-month vacillations in Mobile Money exchanges.

In the mean time, complete Mobile Money exchanges for the main portion of this current year were assessed at ¢480 billion.

This is contrasted and ¢47.6.7 billion during a similar period last year.

In the initial a half year of 2021, Mobile Money exchanges recorded were January 2021 (¢67.1 billion), February (¢67.9 billion), March 2022 (¢82.3 billion), April 2022 (¢83.8 billion), May 2022 (¢86.5 billion) and June 2022 (¢89.1 billion) separately.

Regarding Mobile Money Interoperability, ¢13.77 billion was kept in the main portion of 2022, contrasted and ¢10.51 billion in the initial four months of 2022.

Without a doubt, Mobile Money keep on excess the greatest installment arrangement in the country with an expected ¢905.1 billion exchanges kept in 2021.

As per information from the Bank of Ghana, the worth of versatile cash exchanges in January, February, March, April, May, June, July, August, September, October, November and December 2021 were assessed at ¢67.1 billion, ¢67.9 billion, ¢82.3 billion, ¢83.8 billion, ¢86.5 billion, ¢89.1 billion in a specific order,

Source: my

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