Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Monday, October 6
    Trending
    • The People’s Poet Speaks Again – Omar Sterling Announces VTH 2 Mixtape
    • The Business Side of Ghanaian Music Nobody Talks About
    • Top 10 Rap Verses in Ghanaian Hip-Hop History
    • Best Ghanaian Music Videos of All Time
    • Top 10 Ghanaian Throwback Songs That Still Hit Today
    • Absa Bank Ghana hosts Strategic Dialogue on Ghana’s 24-Hour Economy initiative
    • Edem Sickle Cell Foundation partners NCCE mark sickle cell awareness month
    • TMA embarks on Tema Facelift Campaign
    Your Marketplace Banner
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunites
    • Videos
    • More
      • Education
      • Tourism
      • History
      • Feature
      • Opinion
      • World
    MyGhanaDaily
    Home»Economic»Ghana ranks first in global Mobile Money regulation
    Economic

    Ghana ranks first in global Mobile Money regulation

    MGD NewsBy MGD NewsJanuary 21, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    MoMo 750x375 1
    Getting your Trinity Audio player ready...

    Ghana has been ranked as the best in the world for Mobile Money regulation, according to the 2024 GSMA Mobile Money Regulatory Index (MMRI).

    Ghana scored 95.06%, improving on its previous score of 92.56% in 2023, which had placed it third globally behind Rwanda and Pakistan.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    This year, Rwanda came in second with 95%, while Pakistan ranked sixth with 92.81%, trailing Qatar (94.21%), Malawi (93.88%), and El Salvador (93.75%).

    Other countries scoring above 90% included Brazil, Colombia, Iraq, Lesotho, Mexico, and Peru.

    The report highlighted Ghana’s progress in financial inclusion, driven by its Mobile Money Interoperability (MMI) platform.

    The platform developed by the Ghana Interbank Payments and Settlements Systems (GhIPSS), forms part of GhIPSS’s broader financial inclusion framework, which has significantly increased financial inclusion rates from below 70% in 2023 to over 90% currently.

    Despite these successes, the GSMA report raised concerns about the impact of consumer taxes, such as Ghana’s Electronic Transfer Levy (E-Levy), on mobile money adoption and financial inclusion.

    The report also noted that such taxes have reduced transaction volumes and values, posing a risk to the progress made.

    About the GSMA Mobile Money Regulatory Index

    The GSMA MMRI, introduced in 2018, provides an objective assessment of how regulatory frameworks support the growth of mobile money services.

    The 2024 rankings evaluated 90 countries using 40 indicators grouped into six key areas including:

    1. Transparency and Disclosure Requirements (15%)
    2. Authorization (25%)
    3. Consumer Protection (15%)
    4. Integrity (15%)
    5. Oversight of Operation, Organisation and Governance (15%)
    6. Policy Enablement (15%)

    Ghana achieved perfect scores in Transparency and Disclosure Requirements, Authorisation, and Consumer Protection.

    The country also scored above 90% in Integrity and Oversight, with Policy Enablement registering about 84%.

    Source: myghanadaily

    Send your news stories to
    Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140
    Advertise with us | Follow our WhatsApp channel for more news
    Economics
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDiana Hamilton to stage 2025 ‘Awake Experience’ in Accra, 2 other cities
    Next Article Seth Terkper appointed Presidential advisor on economy
    MGD News

    myghanadaily.com

    Related Posts

    President Mahama assigns MiDA as focal institution for philanthropic and grant-based partnerships

    September 25, 2025

    FirstBank Ghana to commission Tamale branch transformation

    September 9, 2025

    CEMSE proposes removal of BOST margin

    September 9, 2025
    LATEST NEWS
    • The People’s Poet Speaks Again – Omar Sterling Announces VTH 2 Mixtape
    • The Business Side of Ghanaian Music Nobody Talks About
    • Top 10 Rap Verses in Ghanaian Hip-Hop History
    • Best Ghanaian Music Videos of All Time
    • Top 10 Ghanaian Throwback Songs That Still Hit Today
    SPORTS NEWS

    2026 FIFA WCQ: Ghana beats Mali

    September 9, 2025

    The Black Stars Podcast: A six-part dive into Ghana’s football history, struggles and sparks of glory

    August 30, 2025

    2026 World Cup qualifiers: Black Stars set to open camp on September 1

    August 27, 2025

    Felix Afena-Gyan Joins Amedspor on Season-Long Loan

    August 21, 2025

    Ayew Stays Positive as Foxes Target Quick Response

    August 21, 2025
    Recent Posts
    • The People’s Poet Speaks Again – Omar Sterling Announces VTH 2 Mixtape
    • The Business Side of Ghanaian Music Nobody Talks About
    • Top 10 Rap Verses in Ghanaian Hip-Hop History
    • Best Ghanaian Music Videos of All Time
    • Top 10 Ghanaian Throwback Songs That Still Hit Today
    Like Us On Facebook
    Facebook Pagelike Widget
    • Facebook
    • Twitter
    • Instagram
    © 2019 -2025 Copyright | MyGhanaDaily.com

    Type above and press Enter to search. Press Esc to cancel.