Ghana 2017 Mobile Money Deals Almost Double to $35 Billion

(Bloomberg) -- The of deposits and withdrawals by Ghanaians using mobile phones for banking almost doubled in 2017, according to central bank data.

The of mobile transactions rose to 155.8 billion cedis ($34.6 billion) last year from 78.5 billion cedis in 2016, Bank of Ghana said in a statement on its website on Monday. The volume of deposits and withdrawals rose 78 percent to about 982 million, according to the statement.

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