Ghana has once again emerged as the world’s highest-ranked country in mobile money regulation, retaining the top spot in the 2025 Mobile Money Regulatory Index (MMRI) released by the GSMA.
The country scored 96.10 percent in this year’s assessment — an improvement from 95.06 percent in 2024 — reinforcing its reputation as a global benchmark for digital financial governance.
What the Ranking Means
The GSMA’s Mobile Money Regulatory Index evaluates regulatory frameworks in 90 countries, measuring how effectively policies support the growth of mobile money services while safeguarding consumers and ensuring operational integrity.
Ghana’s strong performance reflects a regulatory environment that encourages innovation, strengthens financial inclusion, and promotes transparency within the digital financial ecosystem.
Areas of Strength
According to the index, Ghana achieved perfect scores of 100 in:
•Transparency and disclosure requirements
•Authorisation processes
•Consumer protection
These scores indicate clear regulatory guidelines, accessible information for operators, and strong safeguards for mobile money users.
In addition:
•Integrity scored 93, signalling high compliance and ethical standards within the sector.
•Policy enablement scored 96, highlighting a regulatory climate supportive of innovation.
•Oversight, organisation, and governance received 85, suggesting room for improved coordination and supervisory mechanisms.
The sustained performance positions Ghana as a reference point for countries seeking to strengthen oversight of digital financial services.
Bank of Ghana Reacts
In response to the ranking, the Bank of Ghana reaffirmed its commitment to policy continuity and stakeholder collaboration.
“The Bank will continue to collaborate with relevant stakeholders in the implementation of policies aimed at sustaining Ghana’s progress toward a fully inclusive and digitally empowered economy,” it said in a statement.
Fraud Remains a Growing Concern
Despite the regulatory success, challenges persist. Data from the Cyber Security Authority show a steady increase in cybercrime cases, many linked to mobile money fraud.
Between January and September 2025, more than 2,000 cybercrime incidents were recorded nationwide, resulting in losses exceeding GH¢19 million for individuals and businesses.
The contrast is striking: while Ghana’s policy framework ranks among the strongest globally, rising fraud cases underscore the need for intensified public education, stronger security systems, and sustained vigilance to maintain public trust.
As mobile money continues to play a central role in Ghana’s financial inclusion drive, experts say balancing innovation with consumer protection will remain critical to safeguarding the country’s digital finance gains.
Source: Africa Publicity
