Ghana’s move toward a cash‑lite economy accelerated in 2025 as internet banking transaction values leapt 80.7% to GH¢383.82 billion, according to the Bank of Ghana’s Payment Systems Oversight Annual Report 2025. The rise coincided with a 4.8% drop in interbank cheque volumes, which fell by 265,641 cleared cheques that year.
Although the total value of cheques cleared rose to GH¢415.20 billion in 2025 from GH¢385 billion in 2024, the growth rate slowed sharply from 31% in 2024 to 7.9% in 2025. The moderation is attributed to a shift toward instant digital payment methods for low‑value transactions, while businesses still rely on cheques for high‑value transfers.
Internet and mobile banking also saw robust growth. Transaction volumes increased from 26.06 million in 2024 to 47.59 million in 2025, reflecting a broader trend of digital financial services adoption across the country.
As Ghana continues to embrace digital payments, the decline in traditional cheque usage signals a significant shift in consumer and business behaviour, pointing to a future with fewer paper instruments and more real‑time transactions.
