EconPapers    
Economics at your fingertips  
 

Mobile Money Usage Pattern Analysis in Ghana

Evelyn Boakye and Dr. Richard Essah
Additional contact information
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
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ijltemas.in/DigitalLibrary/Vol.14Issue7/1075-1080.pdf (application/pdf)
https://www.ijltemas.in/papers/volume-14-issue-7/1075-1080.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjb:journl:v:14:y:2025:i:7:p:1075-1080

Access Statistics for this article

International Journal of Latest Technology in Engineering, Management & Applied Science is currently edited by Dr. Pawan Verma

More articles in International Journal of Latest Technology in Engineering, Management & Applied Science from International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS)
Bibliographic data for series maintained by Dr. Pawan Verma ().

 
Page updated 2025-10-09
Handle: RePEc:bjb:journl:v:14:y:2025:i:7:p:1075-1080