Ghana tops GSMA 2025 Mobile Money Index

Ghana has maintained its position as the world’s top performer in mobile money regulation, according to a statement issued by the Bank of Ghana, citing the 2025 Mobile Money Regulatory Index published by the Global System for Mobile Communications Association.

The central bank said Ghana recorded an overall score of 96.10 percent in the 2025 assessment, up from 95.06 percent in the previous year, consolidating its ranking among 90 countries evaluated under the index.

The GSMA’s Mobile Money Regulatory Index measures the effectiveness of regulatory frameworks governing mobile money services. It assesses countries across several dimensions, including licensing regimes, consumer protection safeguards, anti-money laundering compliance, operational risk management and the protection of customer funds.

In its statement, the Bank of Ghana said the latest ranking reflects sustained efforts to build a regulatory environment that supports innovation while maintaining financial stability and consumer trust. The central bank noted that Ghana’s framework continues to enable mobile money services to expand responsibly, deepen financial inclusion and strengthen the broader digital financial ecosystem.

The improvement in score signals ongoing refinements to policy design and supervisory oversight, particularly in areas that promote transparency, operational integrity and risk-based regulation. According to the statement, the regulatory approach seeks to balance market development with robust safeguards, ensuring that the rapid growth of digital financial services does not undermine systemic resilience.

Mobile money has become a central pillar of Ghana’s payments architecture, supporting retail transactions, remittances, merchant payments and government transfers. The Bank said a predictable and progressive regulatory environment has been critical in sustaining this growth and expanding access to financial services for underserved populations.

The central bank further indicated that it will continue to collaborate with industry stakeholders and relevant institutions to implement policies aimed at sustaining progress toward a fully inclusive and digitally empowered economy.

Ghana’s continued leadership in the 2025 index positions it as a global benchmark in digital financial services regulation, reinforcing its role in shaping standards that combine innovation, inclusion and strong regulatory oversight.

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