Mobile Money Usage Pattern Analysis in Ghana

Evelyn Boakye and Dr. Richard Essah
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Evelyn Boakye: Takoradi Technical University
Dr. Richard Essah: Takoradi Technical University

International Journal of Latest Technology in Engineering, Management & Applied Science, 2025, vol. 14, issue 7, 1075-1080

Abstract: Mobile money has become a key driver of financial inclusion in Ghana, improving access to financial services for underserved populations since its introduction in 2009. With over 330 million active accounts in sub-Saharan Africa by 2023, mobile money supports everyday transactions like remittances and bill payments [1][2]. Usage is higher in urban areas (72%) than in rural areas (47%) indicating a notable accessibility gap [3][4]. Young adults aged 18-27 form the majority of users, with women representing 52.7% of participants [5]. However, challenges like gender disparities, financial literacy, and economic barriers continue to hinder widespread adoption, especially among women [6][7]. Mobile money has helped increase economic resilience, especially for women by enhancing their ability to engage in financial activities [8]. Nonetheless, concerns over security, regulations and transaction costs remain significant, especially in rural regions [9][10]. These issues highlight the need for policy reforms to ensure equitable benefits across all demographics [11]. The future of mobile money in Ghana depends on technological progress and stakeholder collaboration to improve security and accessibility [12][13].

Date: 2025
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