The Impact of Electronic Money Transactions on a Cashless Ghana: the Case of Mtn Momo

Abstract

The purpose of this study is to evaluate How Electronic Money Transactions Affect a Cashless Ghana: The Case of MTN-Ghana. The study used a descriptive design as its tool since it allows for a methodical description of the situation. In order to acquire data for this investigation, questionnaires were employed. However, only 307 of the 384 administered questionnaires were returned, representing a response rate of 79.9%. The introduction of MTN Electronic money transfers has had an impact on the lives of the respondents and the economy, and this impact has been evaluated using both parametric and non-parametric tools including the chi-square test, ANOVA, and ordinary least squares regression. The study's main conclusion was that MTN Electronic Money operation is sustainable due to its enormous positive effects on members' and merchants' lives as well as the economy