Mobile money in Ghana isn’t all good news: customers are paying a hefty price

In Ghana, the volume of mobile money transactions increased from 2.85billion in 2020 to 4.26 billion in 2021, representing a 48.6 per cent growth. Similarly, the total value of transactions increased to GH¢ 978.32 billion ($87 billion) in 2021, from GH¢ 571.80 billion ($50 billion) in 2020 according to the central bank.
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