Ghana places 4th with largest growth in digital bank account in Sub-Saharan Africa

Fitch Solutions revealed that Ghana ranked 4th in Sub-Saharan Africa for digital bank account growth, with a rise of over 40% between 2011 and 2022. However, this increase is low compared to global peers.

Mauritius, South Africa, and Kenya topped the list. The report highlights Sub-Saharan Africa's lag in traditional banking but leadership in digital banking, driven by mobile phone proliferation, better internet access, and regulatory support.

Countries like Nigeria, Kenya, South Africa, Ghana, and Tanzania are key players in the region's digital banking growth, fostering financial inclusion and economic development.