Live Breaking News & Updates on Short Term Experts

Stay updated with breaking news from Short term experts. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

GH¢571.8bn MoMo transactions recorded in 2020 – BoG


GH¢571.8bn MoMo transactions recorded in 2020 – BoG
By Eric Nana Yaw Kwafo
Listen to article
The Bank of Ghana (BoG) has disclosed that GH¢571.8bn (USD99.67bn) Mobile Money (MoMo) transactions were recorded in 2020.
In an era where the use of technology to minimize contact while surviving in the global covid-19 pandemic has become paramount, Ghanaians now more than ever embraced the use of mobile money for various transactions.
As the service continues to grow, BoG has confirmed that there are over 17 million active mobile money accounts in the country and still counting.
Speaking during a joint AFW2/MCM virtual regional workshop programme on Tuesday, April 6, 2021, Mrs. Elsie Addo Awadzi who is Second Deputy Governor at the BoG has provided an update on transactions recorded in the past year. ....

Greater Accra , Fintech Bigtech , Ernest Addison , Central Bank Digital Currency , International Monetary Fund , Services Act , Financial Stability Council , Innovation Office , Capital Markets Department , National Payments Strategy , National Financial Inclusion Development Strategy , World Bank , Ghana Digital Financial Services , Settlement Systems Limited Gh , Digital Financial Services , Ii Office , Payment System Advisory Committee , Mobile Money , Elsie Addo Awadzi , Second Deputy Governor , Building Fintech Resilience , Supervisory Capacity , Centre Director , Accra Staff , Short Term Experts , Banks Distinguished Participants ,