Ghana 2017 Mobile Money Deals Almost Double to $35 Billion

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

The value 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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