MTN Ghana’s Mobile Money (MoMo) float reached GH¢38.4 billion in 2025, highlighting the growing role of digital payments in Ghana’s financial ecosystem and the increasing trust Ghanaians place in mobile money services.
The figure places MTN’s MoMo float just behind GCB Bank’s GH¢41.05 billion in customer deposits when compared illustratively with bank deposits. However, MoMo funds are not classified as bank deposits. Under Ghana’s digital payments framework, customer funds are held securely in trust accounts with licensed banks and supervised by the Bank of Ghana.
The strong growth reflects the expanding use of MoMo for everyday transactions, including salary payments, bill payments, merchant transactions, savings and person-to-person transfers. It also demonstrates how digital financial services are improving convenience and expanding access to financial services across the country.
MTN Ghana reported GH¢7.8 billion in after-tax profit in 2025, representing a 55.9% increase from the previous year. Analysts also believe the growing volume of MoMo transaction data could create new opportunities to support small businesses with access to financing.
As digital payments continue to expand, MTN Ghana’s MoMo platform remains an important driver of financial inclusion, innovation and the broader digital transformation of Ghana’s economy.
MTN Ghana will construct 80 new network sites across the five northern regions in 2026 as part of a $1.1 billion investment plan to expand coverage and improve service quality nationwide.
The company has earmarked $380 million for network expansion this year, with the northern rollout comprising 38 sites in the Northern Region, 17 in Savannah, 14 in Upper East, 11 in North East and one in Upper West. Nationwide, MTN plans to deploy 500 new sites.
Senior Manager for Base Station Subsystems, Emmanuel Kwei Afutu, said the expansion will improve connectivity for farmers, students, businesses and communities, while supporting digital payments, online learning and security communications.
The investment comes amid rising demand for digital services, with MTN Ghana reporting a 44.4% year-on-year increase in mobile money transaction value in the first half of 2026. The company also recorded a 32.3% rise in revenue to GH¢15 billion and a 46.8% increase in profit after tax to GH¢5.1 billion during the period.
Beyond network infrastructure, MTN is investing in digital skills, education and community development through initiatives including the MTN Skills Academy and Bright Scholarship. Afutu said affordability and digital literacy remain challenges and called for continued collaboration with government, regulators and communities.
Huawei has strengthened its enterprise technology presence in Namibia after Mobile Telecommunications Limited (MTC) registered as a Huawei Enterprise Partner, enhancing its capacity to deliver advanced digital and enterprise solutions.
The expanded partnership is expected to support MTC in providing organisations with solutions across connectivity, digital infrastructure and modern technology adoption. Key sectors targeted include government, mining, oil and gas, financial services and the wider corporate market.
Huawei’s partnership with MTC comes as Namibia accelerates its digital transformation, with businesses and public institutions increasingly adopting technology to improve operations and services. The collaboration is expected to strengthen MTC’s enterprise offering while supporting the country’s growing digital economy.
Telecel Ghana has rewarded its first three weekly winners of the Telecel M’ahitti Promo, with each taking home GH¢20,000.
The winners are Hannah Dampson from Kumasi, Bismark Oppong from Sefwi Anwhiaso in the Western North Region, and Angela Ayeley Nador from Teshie Nungua in Greater Accra. The cash prizes are expected to support personal and business goals, including completing a house, funding further education and expanding a printing business.
The four-month promotion will reward 12,000 daily winners with GH¢100 each, up to 48 weekly winners with GH¢20,000 each, and three grand-prize winners with GH¢1 million each. Participation is free and open to Telecel customers through *500#, SMS or the Telecel Play App.
Telecel Ghana has also cautioned customers against fraud, stressing that genuine winners will not be asked to make payments or disclose their PINs to receive prizes.
Global 5G subscriptions reached 2.94 billion by the end of 2025, representing about one-third of all mobile subscriptions worldwide, according to Ericsson’s June 2026 Mobility Report. The figure is projected to rise to 6.4 billion by 2031, with 5G expected to overtake 4G as the world’s leading mobile technology by 2027.
Ericsson said the rapid growth of AI-powered smartphones, smart glasses and connected cameras is reshaping network traffic, particularly by increasing demand for uplink capacity. Global mobile data traffic grew 22% between Q1 2025 and Q1 2026 to 210 exabytes per month and is expected to reach 328 exabytes by 2031, excluding fixed wireless access (FWA).
The report also highlights growing commercial use of 5G standalone network slicing, enabling operators to offer differentiated connectivity for applications such as gaming, live events and business services. Meanwhile, FWA connections are projected to increase from 185 million in 2025 to 350 million by 2031, with about 85% running on 5G.
Looking ahead, Ericsson expects early 6G commercial services around 2030, with the technology designed to support AI workloads, advanced sensing, satellite integration and emerging applications such as autonomous vehicles and digital twins.
Ghana’s Ministry of Communication, Digital Technology and Innovations has partnered with Digital Policy Alert and the St. Gallen Endowment to strengthen digital governance, regulatory coordination and Ghana’s participation in international digital trade.
The partnership was announced at a stakeholder workshop in Accra, where government, industry, academia, civil society and development partners discussed emerging digital policy trends. The Ministry highlighted initiatives including the National Artificial Intelligence Strategy, improved data governance and the One Million Coders Programme.
The collaboration will provide access to digital policy intelligence and AI-assisted regulatory analysis to support evidence-based policymaking, regulatory alignment and Ghana’s engagement in frameworks such as the AfCFTA Protocol on Digital Trade and WTO discussions.
Ericsson has confirmed a contract with Costa Rica’s state-owned electricity and telecommunications provider, Instituto Costarricense de Electricidad (ICE), to deploy a 5G Standalone (SA) network for its telecom division, Kölbi.
The project will include Ericsson’s dual-mode 5G core, 4G and 5G radio access network solutions, network slicing, cybersecurity features and open interfaces, alongside the Ericsson Intelligent Automation Platform (EIAP) for managing multi-vendor networks.
ICE will also trial Ericsson’s AI-powered anomaly optimisation applications to improve network detection, performance and resilience. The deployment marks Ericsson’s first EIAP implementation in Latin America.
The contract comes as ICE and Kölbi accelerate their 5G rollout, following deployments by competitors Claro and Liberty Costa Rica in major cities and metropolitan areas.
Telecel Group has invested $50,000 to strengthen digital and soft skills development among Ghanaian students through the Skills for School Programme, delivered by King’s Trust International in partnership with Junior Achievement Ghana.
The programme, which has reached more than 5,000 young people across 31 schools in Greater Accra since 2020, focuses on building confidence, communication, leadership and self-management skills among students aged 11 to 17.
Telecel Group’s support has expanded the programme’s digital component, including the establishment of computer laboratories in seven schools across Accra Metropolitan, Krowor and Kpone Katamanso municipalities. The funding has also supported a new digital safety module being delivered across all 31 participating schools.
Telecel Ghana said the investment is aimed at equipping young people with practical digital and soft skills needed to navigate education, employment and an increasingly digital future.
MTN Ghana has announced plans to invest US$1.1 billion in its network over the next three years, including about US$380 million in 2026, as the company marks its 30th anniversary.
The announcement was made by Chief Enterprise Officer Angela Mensah-Poku during an Ashanti Regional Media and Stakeholder Engagement in Kumasi. The investment will focus on expanding network capacity, improving service quality and strengthening infrastructure resilience.
MTN also highlighted its sustainability commitment, including a target to achieve net-zero emissions by 2040 through cleaner and more energy-efficient technologies.
The stakeholder engagement brought together representatives from the NCA, EPA, Ghana Highways Authority, Ghana Police Service and GJA, alongside media practitioners, to discuss network investment, customer experience and digital inclusion.
MTN Ghana said the investment forms part of its broader commitment to supporting Ghana’s digital and economic development under its 30th anniversary theme, “30 Years of Progress, Powered by You.”
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Sylvia Owusu-Ankomah, has called for a stronger, system-wide approach to digital financial services, warning that Ghana’s leadership in mobile money will only be sustained if trust, security, infrastructure and meaningful financial inclusion remain at the centre of the sector’s growth.
According to her, the foundation of Ghana’s digital-finance success is not merely mobile applications, wallets or technology platforms, but trust, with mobile money agents serving as the human face of that trust in communities across the country.
She made the remarks at the maiden Mobile Money Agents Association of Ghana (MoMAG)/Telecel Capacity Building Forum, where she highlighted the growing importance of mobile money agents to Ghana’s financial and economic infrastructure.
Owusu-Ankomah said the mobile money ecosystem had evolved beyond being a convenient means of transferring funds, stressing that it now plays a critical role in the country’s economic and financial system.
She cited industry figures showing that in 2025, Ghana’s mobile money sector processed approximately 9.7 billion transactions valued at more than GH¢4.5 trillion.
By the end of the year, she said, the country had approximately 26.6 million active mobile money customer accounts and 491,000 active agents.
“These statistics clearly show that mobile money is no longer simply a financial service. It is part of Ghana’s national economic infrastructure,” she said.
She further noted that Ghana retained the top position globally in the GSMA’s 2025 Mobile Money Regulatory Index, describing the achievement as evidence of the country’s strong regulatory foundation, technological innovation and industry collaboration.
However, she cautioned that Ghana’s position as a global leader cannot be taken for granted.
“Leadership is not permanent and is constantly under threat,” she warned, urging stakeholders to focus on the next phase of the country’s digital-finance journey.
Owusu-Ankomah said Ghana must now move beyond simply increasing access to mobile money and focus on ensuring that digital financial services translate into tangible economic opportunities for citizens.
She explained that owning a mobile money wallet does not automatically mean that an individual is financially secure or meaningfully included in the financial system.
“True inclusion means that a market trader can receive affordable credit to expand her business. It means a farmer can insure his produce. It means an informal-sector worker can build a pension. It means an SME can accept payments, keep digital records, build a credit profile and enter the formal economy,” she said.
She therefore called for digital finance to expand beyond sending and receiving money to include access to savings, insurance, pensions, responsible credit, investment, government services and opportunities for enterprise.
A major part of the CEO’s address focused on the changing role of mobile money agents.
She said agents should progressively move beyond their traditional cash-in and cash-out functions and become trusted community financial-service hubs.
With appropriate training, technology and regulatory support, she said agents could facilitate merchant payments, insurance, pensions, remittances, savings products, government payments and other essential financial services.
But she stressed that the expansion of agents’ responsibilities must be matched by greater institutional support.
“Our agents require continuous professional training, stronger business-management skills, reliable liquidity, fair and sustainable commissions, affordable access to capital, appropriate insurance and improved physical security,” she said.
She urged stakeholders to invest in the professional development and welfare of agents, given their growing importance to Ghana’s financial ecosystem.
Owusu-Ankomah also raised concerns about the growing sophistication of fraud in Ghana’s digital-finance ecosystem.
She cited the Bank of Ghana’s 2025 Fraud Report, which recorded 24,124 fraud cases within the payment-service-provider sector, up from 15,673 cases in 2024.
The value at risk, she said, also increased from approximately GH¢19 million to GH¢37 million over the period.
She stressed that the figures should not be interpreted as an argument against digitalisation but rather as a warning that security and public trust must develop at the same pace as digital-finance adoption.
“Fraud does not respect institutional boundaries,” she noted, explaining that a single fraudulent transaction could involve social engineering, compromised identities or SIM cards, mobile money wallets, banks and fintech platforms.
The Telecom Chamber CEO subsequently called for a system-wide national framework capable of bringing together institutions involved in Ghana’s financial and digital-security ecosystem.
She proposed stronger collaboration among banks, electronic money issuers, fintech companies, telecommunications operators, the National Identification Authority, Cyber Security Authority, Ghana Police Service, GhIPSS and the Bank of Ghana.
Such a framework, she said, should facilitate secure sharing of risk signals, real-time fraud detection, rapid freezing of suspicious transactions, common reporting standards and coordinated investigations and recovery efforts.
She disclosed that members of the Digital Chamber were interested in engaging regulators and ecosystem players on the establishment of a National Federated Centralized Fraud Control Centre.
She clarified that the proposal should not involve indiscriminate centralisation of customer data but rather the establishment of secure governance mechanisms that allow institutions to identify and respond to relevant fraud risks before customers lose their funds.
Owusu-Ankomah said mobile money agents should also be fully integrated into the national fraud-prevention architecture because they are often the first people to detect suspicious activities and the first point of contact for customers who have fallen victim to fraud.
She called for simple fraud-reporting channels, clear escalation procedures and regular fraud-awareness training for agents.
At the same time, she said measures must be introduced to protect agents from robbery, impersonation, fraudulent reversals and other operational risks.
“Trust is not the responsibility of the customer alone. It is a shared responsibility across the entire ecosystem,” she emphasised.
The CEO also linked the reliability of Ghana’s telecommunications infrastructure directly to the stability of the country’s digital-finance system.
She explained that every mobile money transaction depends on a network and, behind every digital wallet, are telecommunications towers, fibre connections, data centres, power supply, digital identity systems and payment platforms.
“A financial service cannot be more reliable than the infrastructure supporting it,” she stated.
She therefore called for stronger protection of critical telecommunications infrastructure, improved power reliability, expanded rural network coverage and affordable connectivity.
She also advocated practical measures including Dig Once policies, coordinated infrastructure planning and stronger enforcement against the destruction and vandalism of communications infrastructure.
Owusu-Ankomah further called for Ghana to move beyond basic payment interoperability towards a fully connected digital economy.
She acknowledged that interoperability had already transformed Ghana’s payments landscape by allowing customers to transfer funds between different mobile money wallets as well as between wallets and bank accounts.
However, she said the next phase must make it easier for businesses of all sizes—from major supermarkets to small roadside traders—to accept payments across different platforms.
She said the system should also provide reliable settlement, transparent pricing, open and secure application programming interfaces (APIs), consent-based data sharing and efficient cross-border payments.
According to her, the African Continental Free Trade Area (AfCFTA) provides Ghana with an opportunity to position itself as a gateway for digital trade and financial innovation across Africa.
“A Ghanaian SME should be able to sell across borders, receive payment quickly and securely, and build a credible digital financial history,” she said.
The Telecom Chamber CEO also urged regulators and industry players to ensure that regulation and innovation develop together.
She acknowledged the role of regulatory leadership in Ghana’s digital-finance success but said future regulations must protect consumers and financial stability while allowing responsible innovation to thrive.
She advocated for regulation that is risk-based, proportionate, predictable, technologically neutral and developed through meaningful stakeholder consultation.
She further called for new regulatory requirements to be phased and operationally feasible, with their cumulative impact on customers, agents and industry investment carefully assessed.
Owusu-Ankomah cautioned that the cost of participating in the digital economy must also receive greater attention.
She said taxes, regulatory fees, platform charges, interoperability costs and transaction pricing ultimately determine how much ordinary Ghanaians pay to access digital financial services.
“We should not allow the cost of digital participation to become a new form of exclusion,” she warned.
She also encouraged responsible use of emerging technologies such as artificial intelligence and digital credit.
While AI could improve fraud detection, credit assessment and customer service, and digital credit could extend financing to traditionally underserved groups, she said these innovations must be supported by responsible lending, transparent pricing, strong data protection, explainable decision-making and effective customer-redress mechanisms.
Owusu-Ankomah urged the Mobile Money Agents Association of Ghana (MoMAG) to play a central role in shaping the future of the sector.
She said the association’s advocacy must be accompanied by strong professional standards, accurate record-keeping, regulatory compliance, customer protection and continuous learning.
She urged every agent to view their role beyond transaction processing.
“Every agent must see himself or herself not simply as a transaction processor, but as a custodian of trust and a gateway to economic opportunity,” she said.
She also called on the Bank of Ghana and industry players to maintain constructive engagement with mobile money agents, understand the realities of their businesses and involve them early in decisions that affect their operations.
The CEO concluded by commending Telecel Ghana for partnering with MoMAG to organise the capacity-building workshop.
She expressed hope that similar engagements would be institutionalised to strengthen professionalism, improve service delivery and support sustainable growth within Ghana’s mobile money ecosystem.
“It is my hope that such engagements will be institutionalized for the growth of the industry,” she said, while wishing participants fruitful deliberations.
