MML’s MoMo transactions hit GH¢4.1trn in digital finance surge

Ghana's digital payments landscape is experiencing a profound structural shift, with MobileMoney Ltd—the fintech arm of telecommunications conglomerate Scancom PLC—demonstrating remarkable growth momentum that warrants serious attention from European investors eyeing African financial technology opportunities. The company's latest performance metrics reveal a striking acceleration in customer adoption and engagement. The value of funds retained in customer digital wallets climbed 60.9% year-on-year to GH¢38.4 billion (approximately €2.3 billion), a substantial leap from GH¢23.9 billion recorded in 2024. This expansion in "MoMo float"—the critical measure of idle funds customers maintain in their mobile money accounts—signals deepening user confidence and increased frequency of transaction activity across the platform. To contextualize this growth, MobileMoney's float expansion must be viewed alongside the broader digitalization of Ghana's economy. West Africa's second-largest economy has made significant strides in financial inclusion over the past decade, with mobile money adoption rates now reaching approximately 80% of the adult population. However, the critical distinction between account ownership and active usage remains stark. MobileMoney's accelerating float figures suggest the company is successfully transitioning users from passive account holders to engaged participants in the digital economy. The GH¢4.1 trillion transaction volume cited in the headline represents the total throughput moving across the