Top 5 Finance Apps in Ghana Q4 2022: Performance Overview

During the fourth quarter of 2022, the top 5 finance apps in Ghana experienced varying performance trends in terms of downloads and active users, according to data from Sensor Tower.

PalmPay Ghana saw a significant surge in weekly downloads, starting from 926 in the week of October 31 and peaking at 374K in the week of December 19. Active users followed a similar upward trend, growing from 3.2K in early November to a high of 454K by mid-December.

Cocoaloan - Personal Loan showed a dramatic increase in downloads, spiking from just 8 in late September to 205K in the last week of November. The app’s active users also saw a rise, reaching 288K in the same period before a gradual decline towards the end of December.

Fido - Online Loans App, Ghana had a fluctuating download trend, peaking at 130K in early October and then stabilizing around 32K to 37K towards the end of the quarter. Active users for Fido remained relatively stable, peaking at 343K in early October and maintaining levels around 260K to 297K in December.

NewLoan experienced steady growth in downloads, starting from 2K in late September and reaching a peak of 140K in mid-December. Active users also showed a positive trend, increasing from 3.5K in late September to 150K by the end of December.

Finally, MoMo demonstrated consistent performance in downloads, with a noticeable peak of 78K in early December. Active users for MoMo showed a steady increase, starting at around 50K in late September and reaching 122K by the end of December.

For more detailed insights and analytics, visit Sensor Tower.