Ghana has remarkably been ranked the number one country in the world in the latest ranking of countries with the most efficient and regulated mobile money system in the world by GSMA.
Ghana, the only country in Africa with an interoperable mobile money system, which allows for cross transactions between mobile money wallets and banks, and vice versa, emerged number one ahead of countries like Qatar and Brazil, in the Mobile Money Regulatory Index (MMRI) by GSMA.
The GSMA Mobile Money Regulatory Index, introduced in 2018, is an interactive tool that measures the effectiveness of mobile money regulatory frameworks of about 90 countries globally that meet the key framework.
The Index includes six dimensions covering 26 indicators, and Ghana's mobile money system emerged the best after all six main dimensions and 26 broad categories were analysed.
