The total amount of Mobile Money transactions decreased by 3% in the month leading up to the implementation of the Electronic-Levy, from GH90.5 billion in March to GH87.7 billion in April.
Despite a rise in the number of registered mobile money accounts from 49.9 million in March to 50.2 million in April, with around 18.6 million active accounts, this is the case.
The Bank of Ghana (BoG) released its Summary of Economic and Financial Data for May 2022 on Friday.
The total number of Mobile Money transactions fell by 2.4 percent from 413 million in March to 403 million in April, according to the data.
According to the report, there were 611,000 registered agents and 454,000 active agents in the country by the end of April 2022.
Transaction values grew from GH2.8 billion in March to GH3.3 billion in April, according to data on Mobile Money interoperability, which is the infrastructure that allows payments to be transferred from one mobile money wallet to another across multiple networks.
The total number of transactions grew from 12.8 million in March to 14.2 million in April, according to the report.
Year on year, the overall number of mobile money transactions climbed by almost 20%, from 323 million in April 2021 to 403 million in April 2022, while the total value of transactions increased by 4.4%, from GH83.8 billion in April 2021 to GH87.7 billion in April 2022.
The number of registered mobile money accounts climbed by 7.5% from 42.1 million in April 2021 to 50.2 million in April this year, while active mobile money accounts increased by 7.5% from 17.2 million in April 2021 to 18.6 million in April 2022.