07
Apr
2020 Recorded GH¢571.8bn MoMo Transactions – BoG A total of GH¢571.8 billion (USD99.67 billion) worth of mobile money transactions took place in the year 2020 alone, Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi has revealed. “In Ghana, the digital financial services space has evolved from the early 2000s when banks began to roll out ATMs and a few web-based services”, she told a joint AFW2/MCM Virtual Regional Workshop on the theme: ‘Building Fintech Resilience and Supervisory Capacity in West Africa on Tuesday, 6 April 2021. Over the years, Mrs Addo Awadzi noted, “electronic money (famously called mobile…