Ghana is witnessing a significant shift in the way people access banking services, with mobile money transactions surging and ATMs gradually becoming a thing of the past. According to Citi Newsroom, the trend is a clear indication of the growing popularity of mobile money platforms.
The increasing adoption of mobile money services has led to a decline in the use of traditional banking channels, including ATMs. Experts attribute the trend to the convenience, accessibility, and security offered by mobile money platforms.
“Mobile money has come to stay, and it’s changing the way we do banking in Ghana,” said a financial analyst. “The shift is driven by the increasing penetration of mobile phones and the ease of use of mobile money platforms.”
The Bank of Ghana has reported a significant increase in mobile money transactions in recent years, with the value of transactions exceeding GH¢1 trillion in 2025. The growth is attributed to the expansion of mobile money services to rural areas and the introduction of new products.
The shift to mobile money is expected to continue, with many banks and financial institutions investing heavily in digital platforms. The move is seen as a positive development for financial inclusion and economic growth.
As Ghana continues to embrace digital payments, the future of traditional banking is likely to be shaped by the growing demand for mobile money services.
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Author: Korkor Anumu
