Ghana’s Digital Economy Surges as Mobile Money Hits GH¢447bn and Stock Market Reaches Record Highs

Ghana’s digital financial landscape has reached a historic milestone, with mobile money (MoMo) transactions soaring to GH¢447.4 billion in February 2026, according to the Bank of Ghana. This significant increase from the previous year’s GH¢316.2 billion highlights the deepening of financial inclusion, with registered accounts now totaling 81.8 million. Complementing this digital surge, the Ghana Stock Exchange (GSE) achieved an all-time high, with the Composite Index closing at 15,908.77. The market’s robust performance was driven by key players such as Benso Palm Plantation (BOPP) and Scancom PLC (MTNGH), the latter accounting for 82% of trading activity, signaling strong investor confidence in the nation's corporate sector.

In tandem with these macroeconomic gains, major corporate players are intensifying their support for Small and Medium-sized Enterprises (SMEs). MTN Ghana has launched the 2026 edition of its "SME Accelerate" program, providing digital tools and mentorship across regional hubs including Accra, Kumasi, Tamale, and Takoradi. The initiative specifically targets women-led businesses through the "Adwumapa" bundle, fostering inclusive growth and digital development. Similarly, Fidelity Bank has engaged the Ghana Electrical Dealers Association to provide tailored asset financing and payment solutions, while Yango has expanded its delivery services to Kumasi to boost local courier earnings and increase visibility for local entrepreneurs.

Digital innovation is also reshaping other sectors, ranging from real estate to insurance. GhanaWeb has unveiled a new property platform to streamline advertising for landlords and agents, while the Ghana Civil Aviation Authority (GCAA) launched a digital portal to enhance passenger complaint resolution and consumer protection. In the insurance sector, DOSH Insurance was recognized for its mobile-first health financing platform that offers premiums as low as GH¢1, making healthcare protection accessible to low-income earners. Meanwhile, industry leaders are preparing for the 2026 Annual Conference and Exhibition (ACE) in Kwahu, focusing on building resilience within the current socio-political environment.

Beyond domestic growth, new international trade frontiers are opening, particularly in Southern Africa. Zambia’s High Commission has urged Ghanaian exporters to capitalize on the rising demand for shea butter and "fugu" textiles, positioning Zambia as a strategic gateway to the region. However, local challenges persist; traders in the Oti Region report sluggish sales despite the cedi's appreciation, and the Paramount Chief of Atebubu has called for the expansion of Metro Mass Transit services to reduce post-harvest losses for farmers. Furthermore, the rise in digital transactions has brought security risks to the forefront, as highlighted by actress Joselyn Dumas' recent loss to a mobile money scam, prompting urgent calls for enhanced security measures from service providers.

As Ghana balances rapid digital expansion with the need for robust security and equitable growth, corporate social responsibility remains a priority for the private sector. Consolidated Bank Ghana (CBG) recently donated to the Ghana Medical Trust Fund to support the treatment of chronic non-communicable diseases, and Standard Chartered Bank continues its 130th-anniversary celebrations with youth financial literacy and leadership sessions. These collective efforts—spanning infrastructure expansion, digital innovation, and social investment—underscore a multifaceted approach to sustaining Ghana’s economic momentum and fostering a resilient business environment for the future.