Product Code: ETC420772 | Publication Date: Oct 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Ghana Digital Remittance Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 4.34% in 2025 and reaches 11.45% by 2029.
The Digital Remittance market in Ghana is projected to grow at a growing growth rate of 5.70% by 2027, highlighting the country's increasing focus on advanced technologies within the Africa region, where Egypt holds the dominant position, followed closely by South Africa, Ethiopia, Algeria and Nigeria, shaping overall regional demand.
Digital remittance platforms facilitate fast, secure, and low-cost transfer of money internationally and domestically using digital channels such as mobile wallets, online banking, and remittance apps. In Ghana, the digital remittance market is growing as diaspora communities, migrants, and businesses rely on digital solutions for sending and receiving funds, driving financial inclusion and economic development.
The increasing adoption of digital remittance platforms and mobile payment solutions for cross-border money transfers, international payments, and financial inclusion initiatives in Ghana is driving the growth of the digital remittance market. Digital remittance services offer convenience, speed, and cost-effectiveness compared to traditional remittance channels, driving financial access and empowerment for unbanked and underbanked populations.
Challenges in the digital remittance market in Ghana include regulatory compliance and anti-money laundering (AML) regulations affecting cross-border money transfers and payment processing. Moreover, addressing network connectivity and access barriers in rural areas may pose challenges for digital remittance service providers in reaching underserved populations.
In response to the growing importance of digital remittances in Ghana economy, the government has implemented policies to promote the use of digital channels for cross-border money transfers. These policies include streamlining regulatory processes to encourage competition and innovation in the digital remittance market, investing in digital payment infrastructure, and collaborating with international partners to improve the efficiency and security of digital remittance transactions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Digital Remittance Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Digital Remittance Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Digital Remittance Market - Industry Life Cycle |
3.4 Ghana Digital Remittance Market - Porter's Five Forces |
3.5 Ghana Digital Remittance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Ghana Digital Remittance Market Revenues & Volume Share, By Channel, 2021 & 2031F |
3.7 Ghana Digital Remittance Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Ghana Digital Remittance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Digital Remittance Market Trends |
6 Ghana Digital Remittance Market, By Types |
6.1 Ghana Digital Remittance Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Digital Remittance Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Ghana Digital Remittance Market Revenues & Volume, By Inward Digital Remittance, 2021-2031F |
6.1.4 Ghana Digital Remittance Market Revenues & Volume, By Outward Digital Remittance, 2021-2031F |
6.2 Ghana Digital Remittance Market, By Channel |
6.2.1 Overview and Analysis |
6.2.2 Ghana Digital Remittance Market Revenues & Volume, By Banks, 2021-2031F |
6.2.3 Ghana Digital Remittance Market Revenues & Volume, By Money Transfer Operators, 2021-2031F |
6.2.4 Ghana Digital Remittance Market Revenues & Volume, By Online Platforms, 2021-2031F |
6.2.5 Ghana Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
6.3 Ghana Digital Remittance Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Ghana Digital Remittance Market Revenues & Volume, By Migrant Labor Workforce, 2021-2031F |
6.3.3 Ghana Digital Remittance Market Revenues & Volume, By Personal, 2021-2031F |
6.3.4 Ghana Digital Remittance Market Revenues & Volume, By Small Businesses, 2021-2031F |
6.3.5 Ghana Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
7 Ghana Digital Remittance Market Import-Export Trade Statistics |
7.1 Ghana Digital Remittance Market Export to Major Countries |
7.2 Ghana Digital Remittance Market Imports from Major Countries |
8 Ghana Digital Remittance Market Key Performance Indicators |
9 Ghana Digital Remittance Market - Opportunity Assessment |
9.1 Ghana Digital Remittance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Ghana Digital Remittance Market Opportunity Assessment, By Channel, 2021 & 2031F |
9.3 Ghana Digital Remittance Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Ghana Digital Remittance Market - Competitive Landscape |
10.1 Ghana Digital Remittance Market Revenue Share, By Companies, 2024 |
10.2 Ghana Digital Remittance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |