Ghana’s First Mobile Money Interoperability System Deepens Financial Inclusion and Promotes Cashless Agenda

23 May 2018

An active member of the Alliance for Financial Inclusion (AFI) network, Bank of Ghana (BoG) launched the country’s first Mobile Money Interoperability System through the Ghana Interbank Payment and Settlement Systems Limited (GhlPSS).

The use of mobile money has witnessed exponential growth over the past nine years; with a year on year increase in the number of mobile money accounts as well as the volumes and value of mobile money transactions. According to statistics from BoG, the total number of active mobile money accounts increased from 8.3 million in 2016 to 11.11 million in 2017. This places Ghana on the global stage as one of the countries making headway in mobile money acceptability and usage.

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