• About Us
  • Privacy Policy
  • Contact Us
Sunday, June 15, 2025
MyPublisher24
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions
No Result
View All Result
Morning News
No Result
View All Result
Home News

4.8m consumers used debit card in 2020 – BoG

Osumanu Al-Hassan by Osumanu Al-Hassan
February 10, 2021
in News
0
4.8m consumers used debit card in 2020 – BoG
0
SHARES
24
VIEWS
Share on FacebookShare on TwitterWhatsapp

An estimated 4.8 consumers used debit cards of commercial banks for payment transactions at the end of December 2020, the Bank of Ghana has revealed.

That is compared with 4.5 million in the first quarter of 2020.

READ ALSO

Messi’s Inter Miami held by Al Ahly at FIFA Club World Cup

2025 Ghana Football Awards: Thomas Partey adjudged Footballer of the Year

According to the Bank of Ghana, a paltry 33,000 consumers used credit cards for transactions at the end of last year.

574,000 people however used prepaid cards.

Whilst, a debit card is a plastic payment card that can be used instead of cash when making purchases, a credit card is a payment card issued that enable the cardholder to pay a merchant for goods and services based on the cardholder’s promise to the card issuer to pay them for the amounts plus the other agreed charges. The prepaid card is however a reloadable card for transactions.

For Automated Teller Machines, the total number than had been deployed at the end of December 2020 was estimated at 2,237. This is compared with 2,123 deployed the same period in 2019.

For Point of Sale Terminals, the number had shot up to 10,489 at the end of December last year, from 8802 in December 2019.

This indicates that consumers are embracing technology for payment transactions, whilst the banks and other financial institutions are also deploying more payment equipment to facilitate these payments.

MoMo transactions

It would be recalled that the total value of mobile money transactions for last year hit a remarkable GH ¢569 billion.

The outstanding performance was largely due to the covid-19 pandemic which triggered upward transactions of mobile mobile in 2020.

December 2020 which was the Christmas period registered the biggest transaction of GH¢67 billion.

This was followed by the month of September 2020 that recorded a total value transaction of GH¢58.8 billion.

Source: Mypublisher24.com

Related Posts

FIFA Club World Cup
News

Messi’s Inter Miami held by Al Ahly at FIFA Club World Cup

June 15, 2025
Footballer
News

2025 Ghana Football Awards: Thomas Partey adjudged Footballer of the Year

June 15, 2025
EC Chairperson, Ablekuma North collation, Elikplim Akurugu, decision, APC
News

EC Chairperson to appear before Parliament next week

June 14, 2025
NSA, NSS
News

NSA fraud cost state over GH₵548 million – Attorney-General

June 14, 2025
positions, December 7
Main

GJA 2025 Elections: Candidates ballot for positions as Committee pledges free and fair polls

June 14, 2025
Police,Kasoa,robbery
Crime

Police arrest 19 in anti-drug and robbery in Kasoa

June 14, 2025
Next Post
We are entitled not to call witnesses -Respondents tell Tsatsu

We are entitled not to call witnesses -Respondents tell Tsatsu

POPULAR NEWS

Lighthouse chapel

Lighthouse Chapel Case: 6 Ex-Pastors Demand $12 Million Settlement

April 30, 2023
aircraft

Light House Brouhaha: Kofi Bentil Exposed Over $12M Settlement Deal

April 24, 2023
SSNIT Exonerates Lighthouse; Six Renegade EX-Pastors Shamed

SSNIT Exonerates Lighthouse; Six Renegade EX-Pastors Shamed

April 24, 2023
Kwaku Azar writes: Until a prima facie case is established

Akufo-Addo Nominates Gertrude Torkornoo As New Chief Justice

June 12, 2025
Lighthouse Brouhaha: Larry Odonkor charged with Stealing

Lighthouse Brouhaha: Larry Odonkor charged with Stealing

April 24, 2023

EDITOR'S PICK

naabu,

Plot to remove IGP: I gave the tape to Akufo-Addo – Bugri Naabu

August 29, 2023
At Last! Akufo-Addo address Ghanaians on economy October, 30

At Last! Akufo-Addo address Ghanaians on economy October, 30

October 27, 2022
Mahama’s record in the Upper East Region was a monumental failure – VP Bawumia

Bawumia fully supports E-levy – John Boadu

March 10, 2022
Ghana Bar Association is like an NPP wing; they’re a bunch of hypocrites – Murtala Mohammed

Produce minutes of meeting that decided on Haruna, Others-Murtala To NDC’s FEC

January 26, 2023

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Important Links

  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions

Recent Posts

  • Messi’s Inter Miami held by Al Ahly at FIFA Club World Cup
  • 2025 Ghana Football Awards: Thomas Partey adjudged Footballer of the Year
  • Climate change impact, a looming national crisis
  • GRA postpones GH₵1 fuel levy implementation

Archives

  • About
  • Privacy Policy
  • Terms of Use

© 2025 mypublisher24 - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions

© 2025 mypublisher24 - All rights reserved.