The total value of mobile money transactions at the end of March 2020 hit GH¢33.8 billion, according to figures from the Bank of Ghana.
This is against the GH¢15.1 billion total value of transactions of cheques cleared in the month of March 2020.
The deficit between mobile money transactions and cheque clearings was, however, GH¢18.7 billion.
Analysts believed the value of mobile money transactions will reach four-fold relative to that of cheque clearings in the next 10 years.
In January and February 2020, the total value of mobile money transactions hit GH¢30.2 billion and GH¢30.1 billion, respectively.
The total value of cheque transactions in January and February 2020 was, however, GH¢15.5 billion and GHS14.0 billion, respectively.
Meanwhile, the total transactional value of e-zwich was estimated at GH¢814 million in March 2020.
In January 2020 and February 2020, e-zwich transaction value was GH¢589.4 million and GH¢772.3 million, respectively.
With regard to Gh-link, total transaction value was GH¢28.3 million in March 2020.
For, GhIPPS Instant Pay (GIP), total transaction value was GH¢422.5 million in March 2020.
The total transaction value of Mobile Money Interoperability (that is money moved from an account of a mobile operator to another) was GH¢166.3 million.
In January and February 2020, the total transaction value was estimated at GH¢129.9 million and GH¢126.6 million.
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