Ghana Banks Turn to Mobile Money in Bid to Boost Deposit Base

The percentage of Ghanaians using financial services outside of banks increased to 22 percent in 2015 compared with 7 percent in 2010, PwC said in its 2016 Ghana Banking Survey, citing World Bank data. Only 36 percent of the population had a bank account in 2015, compared with 34 percent five years earlier, the report showed. By April last year Ghana had about 36.4 million mobile-voice subscribers, exceeding the population of 27.8 million, according to PwC.

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