What is the most used payment method in Ghana?
Mobile money. The Bank of Ghana counted GH¢4.54 trillion of mobile money transactions in 2025, up 50.8%, from 26.7 million active accounts, and MTN MoMo alone handled GH¢4.1 trillion. Cards and cheques are far behind.
In detail
Mobile money. The Bank of Ghana counted GH¢4.54 trillion of mobile money transactions in 2025, up 50.8%, from 26.7 million active accounts, and MTN MoMo alone handled GH¢4.1 trillion. Cards and cheques are far behind.
Payment by bank transfer in Ghana
Bank transfers in Ghana run on GhIPSS, the Bank of Ghana subsidiary that operates the national switch. Its instant payment rail, GhIPSS Instant Pay (GIP), moved GH¢712 billion across 202.8 million transactions in 2025, with value up 100.5% in a year. GIP is what bank apps, USSD menus and gateways use when a customer pays from an account rather than a wallet. Mobile Money Interoperability, also run by GhIPSS, links wallets to bank accounts and to each other and reached 290 million transactions worth GH¢51.6 billion.
Payment by digital wallet and X-Pay in Ghana
In Ghana the wallet is the telco wallet. MTN MoMo, run by MobileMoney Ltd, handled GH¢4.1 trillion and 8.4 billion transactions in 2025 for 19.3 million active users, which is roughly nine tenths of the GH¢4.54 trillion the Bank of Ghana counted for the whole sector.
More detail in our #PayWorldTour guide Payment methods in Ghana.