Data Points: Ghana Fintech Q1 2024 Report
Tech Labari | Joseph-Albert Kuuire - May 17, 2024
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Bank of GhanaTwitterWhatsAppTech LabariGhana
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  • Transaction value for Dedicated Electronic Money Issuers increased from GHC 364.83 Billion in Q1 2023 to GHC 514.85 Billion in Q1 2024.
  • Payment service providers saw a slight increase from GHC 56.98 billion in Q1 2023 to GHC 61.18 Billion in Q1 2024.
  • Transaction volume for Dedicated Electronic Money Issuers increased from GHC 1.5 Billion in Q1 2023 to GHC 1.79 Billion in Q1 2024.
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The Q1 2024 report on fintech in Ghana shows positive growth in transaction value and volume for Dedicated Electronic Money Issuers. However, Payment Service Providers experienced a slight decrease in transaction volume. The high value distribution in Agent to Agent transactions and the popularity of Airtime Top Up in mobile money volume distribution indicate the strong presence of these services in the Ghanaian fintech ecosystem.
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