The total value of internet banking transactions recorded a significant growth of 80.7% to GH¢383.82 billion in 2025 from GH¢212.44 billion in 2024.

According to the 2025 Payment Systems Oversight Annual Report, the total volume of internet banking transactions also increased to 47,587,105 in 2025 from 26,063,456 in 2024.

Similarly, mobile banking transactions recorded significant growth in both volumes and values of transactions in 2025.

The value of mobile banking transactions grew significantly by 130.5% year-on-year in 2025, whilst the volume of transactions grew by 31.6%.

The strong performance of internet and mobile banking reflected the growing public confidence in digital funds transfer services and underscored the ongoing shift from cash-based transactions to more efficient cashless payment channels.

The Bank of Ghana explained that Ghana’s electronic payment landscape has undergone significant transformation, driven by continuous technological innovation, proactive banking sector initiatives, and strong regulatory support.

Together, it added that these efforts have established a robust and dynamic payment ecosystem in which Automated Teller Machines (ATMs) remained essential touchpoints for accessing cash and cashless services, while POS terminals have increasingly become central to the nation’s transition to a more efficient cash-lite economy.