Ghana sees route to ‘cash-lite’ economy through mobile money

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Ghana’s burgeoning mobile money sector is a route to a “cash-lite” economy, said the Bank of Ghana’s deputy governor.

In a speech last week, Maxwell Opoku-Afari stressed the large gains that Ghana has made in financial inclusion, mostly due to the growth of its mobile money sector. He said the number of mobile money accounts has grown from 3.8 million in 2012 to 32.6 million at the end of last year, which is greater than the population of Ghana (30.1 million).

The deputy governor said the

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