That is in comparison with just a little about ¢374 billion recorded within the first half of this 12 months.
The report additional said that almost all retail customers now desire and have accepted cellular cash as their mode of funds somewhat than cheque.
For the primary eight months of this 12 months, complete cellular cash transactions was estimated at ¢657.6 billion. That is in opposition to cheque transactions of ¢134.7billion.
It’s instructive to notice that MoMo transactions have gone up considerably this 12 months,in comparison with that of final 12 months (2020).
Based on the report, the month with the most important transaction was July 2021 – GH¢99 billion was recorded.
Based on the info from the Financial institution of Ghana, the worth of cellular cash transactions in January, February, March, April, Could, June, July and August 2021 had been estimated at¢67.1 billion, ¢67.9 billion, ¢82.3 billion, ¢83.8 billion, ¢86.5 billion, ¢89.1 billion, ¢99.1 billion and ¢81.8 billion respectively.
In the meantime, progress of cheque transactions have nevertheless remained flat, in comparison with that of final 12 months.
Cheque transactions in January, February, March, April, Could, June, July and August 2021 had been estimated at ¢17.0 billion, ¢15.5 billion, ¢18.3 billion, ¢17.5 billion, ¢15.7 billion, ¢17.9 billion, ¢16.4 billion and ¢16.4 billion in January, February, March, April, Could, June, July and August 2021 respectively.
