Ghana has maintained its position as the world’s top performer in the 2025 Mobile Money Regulatory Index (MMRI) published by the GSMA, scoring 96.10 per cent, up from 95.06 per cent in 2024.
The latest ranking reinforces Ghana’s reputation as a global leader in mobile money regulation, underpinned by a framework that promotes innovation, deepens financial inclusion and strengthens consumer protection within the digital financial ecosystem.
The GSMA’s Mobile Money Regulatory Index assesses regulatory frameworks across 90 countries, measuring how effectively policies enable mobile money services to grow while ensuring operational integrity and user safeguards. Ghana’s continued dominance positions it as a benchmark for digital financial governance globally.
The index highlights Ghana’s strong performance across several regulatory pillars. The country achieved perfect scores of 100 in transparency and disclosure requirements, authorisation processes, and consumer protection — reflecting clear regulatory guidelines, accessible market information, and robust safeguards for users.
Ghana scored 93 in integrity, demonstrating solid ethical standards and compliance within the mobile money sector. Oversight of operations, organisation and governance recorded 85, suggesting scope for improved coordination and monitoring.
Meanwhile, policy enablement scored 96, signalling a regulatory climate that supports innovation and effective policy implementation.
In response to the ranking, the Bank of Ghana reaffirmed its commitment to collaboration and policy continuity.
“The Bank will continue to collaborate with relevant stakeholders in the implementation of policies aimed at sustaining Ghana’s progress toward a fully inclusive and digitally empowered economy,” it stated.
Despite the strong regulatory showing, fraud remains a significant challenge within Ghana’s expanding mobile money ecosystem. Data from the Cyber Security Authority indicate a steady rise in cybercrime-related losses, with online fraud ranking among the most frequently reported threats.
Between January and September 2025, Ghana recorded more than 2,000 cybercrime incidents, many linked to mobile money fraud, resulting in losses exceeding GH¢19 million for individuals and businesses.
The contrast between Ghana’s world-leading regulatory framework and rising fraud cases highlights a critical reality: while policy foundations are robust, sustained vigilance, public education and enhanced fraud prevention measures will be essential to protect users and preserve trust in the country’s rapidly growing digital financial services sector.
Source: citinews
