Mobile Money Usage Pattern Analysis in Ghana

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].