The total value of Mobile Money transactions decreased by 3% in the month preceding the implementation of the Electronic-Levy, from GH90.5 billion in March to GH87.7 billion in April.
Despite an increase in the number of registered mobile money accounts, which increased from 49.9 million in March to 50.2 million in April, with approximately 18.6 million active accounts, this remains the case.
This is from the Bank of Ghana's (BoG) Summary of Economic and Financial Data for May 2022, which was released on Friday.
According to the data, 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 report, there were 611,000 registered agents in the country at the end of April 2022, with approximately 454,000 active agents.
Data on Mobile Money interoperability, the platform that allows funds to be transferred from one mobile money wallet to another across different networks, also revealed that transaction value increased from 2.8 billion in March to 3.3 billion in April.
The total number of transactions increased from 12.8 million in March to 14.2 million in April, according to the report.
Year on year, the total number of mobile money transactions increased by approximately 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 2021 to GH87.7 billion in April 2022.
Registered mobile money accounts increased 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.
read also: Drivers to March Naked Due to Rising Fuel Prices.
The Concerned Drivers Association of Ghana has threatened to march naked through the streets of Accra to protest the government's ever-increasing fuel prices.
During the demonstration, the drivers intend to block major roads.
Mr David Agboado, the group's National Public Relations Officer, told Korku Lumor on Class91.3FM's 505 news programme on Thursday, May 19, 2022: "We are giving the government two weeks; if nothing is done, we the drivers will take to our heels and do the naked demonstration."
"This time, we're going naked to make it sound different; that's what we want to do so the government will sit up," he explained.
Mr Agboado compared Ghana's fuel prices to those of her neighbors, saying, "When you go to Burkina, their fuel price is 7.81; when you go to Togo, it's 7.62; and when you go to Ivory Coast, it's 8.62."
“Why? "Are they not going through the same thing we are?" he wondered.
blogpay
Total Comments: 0