{"id":5416,"date":"2017-09-13T12:47:22","date_gmt":"2017-09-13T10:47:22","guid":{"rendered":"https:\/\/insights.invyo.io\/africa\/?p=5416"},"modified":"2017-09-13T16:15:24","modified_gmt":"2017-09-13T14:15:24","slug":"fintech-in-ghana-key-figures","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/africa\/fintech-corner\/fintech-in-ghana-key-figures\/","title":{"rendered":"Fintech in Ghana: Key Figures"},"content":{"rendered":"

Ghana\u2019s fintech ecosystem is one of the most active in the sub-Saharan region, with one of the highest mobile adoption rate and more people having access to traditional financial services.<\/strong><\/p>\n

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[divider]FINTECH GHANA[\/divider]<\/p>\n<\/div>\n

By the mid-1990s, it was estimated between 2 and 4 million Ghanaians<\/strong><\/a> (between 10-20% of Ghana\u2019s population) were living outside of the country<\/strong>.<\/p>\n

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More than 70% of Ghanaians<\/strong><\/a> live above the poverty<\/strong> line estimated at $2.5 per day<\/strong>.<\/p>\n

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According to the Bank of Ghana\u2019s<\/strong> latest report on the sector, by July 2016 registered mobile money customer<\/strong>s had risen to 17.2 million<\/strong><\/a>, up from 10.4 million<\/strong> just a year earlier.<\/p>\n

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Roughly 40% of Ghanaians households<\/strong><\/a> have enough money for food or clothes and can save a bit<\/strong> and 34% of adults<\/strong><\/a> have a bank account.<\/strong><\/p>\n

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The total value of all transactions<\/strong> made on mobile money networks<\/strong> in that period exceeded GH\u00a237.07 billion<\/strong><\/a> (USD $9.58 million), representing more than 118% growth in 12 months<\/strong>.<\/p>\n

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Ghana has 30 banks licensed<\/strong><\/a> by the Bank of Ghana, including: 29 commercial banks<\/strong>, 1 development bank<\/strong>, 137 rural and community<\/strong> banks, +400 microfinance<\/strong> insitutions.<\/p>\n

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At the end of 2016, more than 60% of Ghanaians<\/strong><\/a> owned a mobile phone<\/strong> \u2013 well above the regional average of 47% for West Africa<\/strong>.<\/p>\n

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According to CGAP Ghana is \u201cthe most digital financial services-ready country in Africa\u201d: 92% of adults<\/strong> have the required ID necessary<\/strong> to open an account and 91% of Ghanaians<\/strong> already own a mobile phone<\/strong> (compared to only 74% and 72% in Kenya and Tanzania<\/strong>).<\/p>\n

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International remittances to mobile money<\/strong> have increased 60%<\/strong><\/a> in the past six months. Remittances from Ghanaians in the USA have grown by 84%.<\/strong><\/p>\n

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Please feel free to add more figures linked with sources in the comments below to complete the list of the most interesting figures in Fintech for Ghana.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ghana\u2019s fintech ecosystem is one of the most active in the sub-Saharan region, with one of the highest mobile adoption rate and more people having access to traditional financial services. [divider]FINTECH GHANA[\/divider] By the mid-1990s, it was estimated between 2 and 4 million Ghanaians (between 10-20% of Ghana\u2019s population) were living outside of the country. […]<\/p>\n","protected":false},"author":3,"featured_media":5442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,97,13,318],"tags":[235,343,345,292,271,341,241,338,295,288,340,332,303,240,239,342,317,344,270,339],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n