Ghana Mobile Money Market Size Witnesses Robust Growth Rate of CAGR 29.6%, Exceeding US$ 590.7 by 2028

IMARC Group, a leading market research company, has recently releases report titled "𝐆𝐡𝐚𝐧𝐚 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", The Ghana mobile money market size reached US$ 121.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 590.7 Billion by 2028, exhibiting a growth rate (CAGR) of 29.6% during 2023-2028.

Ghana Mobile Money Market Overview:

Mobile money is a digital financial service that enables users to conduct monetary transactions using mobile devices. It has gained significant traction, particularly in regions with limited access to conventional banking. Users can deposit, withdraw, transfer funds, and make payments through a mobile interface, either via a dedicated app or SMS. Mobile money not only offers convenience and speed but also contributes to financial inclusion by serving unbanked or underbanked populations. In addition to this, the service has proven to be transformative, especially for those in rural areas, by providing a more accessible and secure way to manage finances.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/ghana-mobile-money-market/requestsample

Ghana Mobile Money Market Trends:

The shifting preferences toward innovative payment services that aid in eliminating the threat of theft are primarily driving the Ghana mobile money market. Additionally, the emerging trend of convenience in service delivery and the expanding mobile money agent networks are acting as significant growth-inducing factors. Besides this, the implementation of several stringent regulations and policies by government bodies, such as electronic money issuers (EMI) guidelines introduced by the bank of Ghana, aimed at preventing disputes and frauds in the mobile money system, is also positively influencing the market across the country. Moreover, the rising improvements in mobile money interoperability to boost the efficiency and accessibility of transferring money easily for numerous applications is further catalyzing the market growth. Apart from this, the escalating usage of the technology by multiple businesses as the main account for financial transactions, the increasing penetration of high-speed internet, and the elevating financial literacy are anticipated to catalyze the Ghana mobile money market over the forecasted period.

Competitive Landscape With Key Players:

The competitive landscape of the Ghana mobile money market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• MTN
• Vodafone
• Tigo
• Airtel

Checkout Now: https://www.imarcgroup.com/checkout?id=1449&method=7

Key Market Segmentation:

The report has segmented the Ghana mobile money market on the basis of technology, business model, and transaction type.

Breakup by Technology:

• USSD
• Mobile Wallets
• Others

Breakup by Business Model:

• Mobile Led Model
• Bank Led Model

Breakup by Transaction Type:

• Peer to Peer
• Bill Payments
• Airtime Top-ups
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐁𝐫𝐨𝐰𝐬𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞: https://www.imarcgroup.com/request?type=report&id=1449&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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This release was published on openPR.