BTA2023 Ghana has retained its position as the world’s top performer in mobile money regulation, according to the 2025 Mobile Money Regulatory Index published by the GSMA.
In a statement, the Bank of Ghana confirmed that the country achieved an overall score of 96.10% in the 2025 assessment, up from 95.06% in 2024. The ranking places Ghana first among 90 countries evaluated under the index.
What the GSMA Index Measures
The GSMA’s Mobile Money Regulatory Index evaluates the strength and effectiveness of regulatory frameworks governing digital financial services. The assessment covers:
- Licensing regimes
- Consumer protection safeguards
- Anti-money laundering (AML) compliance
- Operational risk management
- Protection of customer funds
According to the central bank, Ghana’s improved score reflects sustained policy refinements aimed at supporting innovation while preserving financial stability and consumer confidence.
A Model for Digital Financial Regulation
The Bank of Ghana noted that the country’s regulatory approach seeks to strike a balance between enabling growth in digital finance and maintaining robust safeguards.
Officials highlighted improvements in:
- Transparency standards
- Supervisory oversight mechanisms
- Risk-based regulatory frameworks
- Operational integrity within the mobile money ecosystem
The statement emphasised that Ghana’s framework allows mobile money operators to scale responsibly without exposing the broader financial system to systemic risk.
Mobile Money as a Core Pillar of Ghana’s Economy
Mobile money has become central to Ghana’s payments architecture, facilitating:
- Retail transactions
- Domestic and international remittance
- Merchant payments
- Government disbursements and transfers
With millions of active users, mobile money continues to deepen financial inclusion, particularly among underserved and previously unbanked populations.
The Bank of Ghana attributed the sector’s expansion to a predictable regulatory environment that encourages private sector participation while protecting users.
Global Benchmark Status
By maintaining the top spot in the 2025 index, Ghana reinforces its status as a global benchmark in digital financial services regulation.
The central bank said it will continue collaborating with industry players and policymakers to sustain progress toward a digitally empowered and financially inclusive economy.
As digital payments become increasingly central to Africa’s economic transformation, Ghana’s regulatory model may serve as a reference point for other emerging markets seeking to balance innovation with strong oversight.
