Telcos dominate in Africa's fastest growing mobile money market
MACRO RESEARCH - GHANA
Technological innovators are disrupting traditional banking in EM.
In our report “The digital banking and tech revolution in EM”, we sifted the data to show which countries’ mobile money markets are best placed for growth. One of our key conclusions was that Sub-Saharan Africa (SSA) is at the forefront of mobile money developments, with the highest number of users (46% of global total).
Although Ghana sits in the middle of our key growth markets, a recent World Bank report highlighted the country as the fastest growing mobile money market in Africa, with an 85% compound annual increase in the value of its mobile money transactions in 2015-18.
In this report, we explore Ghana’s mobile money space and identify the companies that are adapting and thriving.
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