Total mobile money transaction values grew by 50.8% to GH¢4.54 trillion in 2025 from GH¢3.01 trillion over the review period, the Bank of Ghana has disclosed.According to the 2025 Payment Systems Oversight Annual Report, the acceleration in transaction values underscored the increasing importance of e-money platforms in supporting economic transaction.Following the significant agent network clean-up in 2024, the number of mobile money active agents dipped but rebounded in 2025.According to the Bank of Ghana, active agents increased by 21.4% over the period to 491,057 in 2025 from 404,370 in 2024.It said that the growth reflected a post-clean-up consolidation phase, characterised by improved agent legitimacy and activity rather than rapid network expansion.However, mobile money transaction values in 2025 continued to be concentrated in a small number of high-value transaction types, with Agent-to-Agent (A2A) transactions remaining dominant and accounting for 41.0% of total transaction values compared with 37% in 2024.“A2A transactions have continued to play a critical role in supporting liquidity redistribution and settlement within the mobile money agent network”, the report said.It added that the third-party transfers recorded a marginal increase to 14.9% in 2025 from 14.4% in 2024, reflecting the growing use of fintech platforms for mediated merchant and commercial payment flows.This shift points to continued integration of mobile money channels into business and institutional transactions.In contrast, cash-based transactions made up a smaller share of total transaction values, with combined cash in and cash out activities accounting for 16.1% in 2025, compared with 20.1% in 2024. This reduction indicated a gradual transition from cash-intensive activity towards account-based and digital transaction flows.Other transaction types, including wallet-to-bank, bank-to-wallet, person-to-person and business-to-business transactions, maintained relatively stable shares, collectively supporting both retail and merchant payment use cases.