The rise of digital transactions, platforms and gaming in Ghana is a phenomenon that reflects the country’s rapid digital transformation.
According to the latest data from GhIPSS, digital transactions in Ghana increased by 103% in 2020 compared to 2019, reaching a total of 77 million transactions. These transactions include electronic clearing of cheques, Automated Clearing House (ACH), e-zwich, and gh-link, as well as new services such as Proxy Pay and GhQR code.
One of the main drivers of this growth is the Mobile Money Interoperability (MMI) service, which allows users to transfer money across different mobile networks and financial institutions. MMI recorded a 367% increase in transactions, from 9 million in 2019 to 43.9 million in 2020.
This service has enabled greater financial inclusion and convenience for millions of Ghanaians, especially those in rural areas and the use of smart phones has also been on rise. Another area that has seen a surge in popularity is online gaming, which offers various forms of entertainment and recreation for Ghanaian users.
Online gaming includes online casinos, which feature games such as online crash games, slots, roulette, and blackjack. Online platforms and gaming are not only sources of entertainment, but also have significant economic impacts for Ghana. They promote digital literacy, create employment opportunities, generate tax revenue, and support local businesses.
The current Government is looking at introducing a tax of 10% on any winnings from these various online gaming platforms. For instance, e-commerce platforms and online marketplaces allow local artisans, farmers, and entrepreneurs to sell their products and services to a wider audience, both locally and globally.
Online platforms and gaming also contribute to the development of the digital infrastructure and ecosystem in Ghana, which is essential for the country’s future growth and competitiveness. It also aids providing goods and services on a safe, smart and smooth way.
The rise of digital transactions, platforms and gaming in Ghana is a testament to the country’s digital potential and ambition. It shows how Ghana is embracing the opportunities and challenges of the digital age, and how it is creating a vibrant and diverse digital culture.
